UM Legacy LLC's Form 4 filing
Near Intelligence, Inc. (NIR) · filed Mar 29, 2023
- Accession no.
- 0001209191-23-021547
- Filed
- Mar 29, 2023
- Trade date
- Mar 23-29, 2023
- Filing delay
- 6 daysLate
- Rule 10b5-1 plan
- Not checked
This filing lists 12 non-derivative transactions. Open-market sales total $2.05M. It was filed 6 days after the trade, past the 2-business-day deadline.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| UM Legacy LLCCIK 0001971355 | 10% Owner |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Mar 23, 2023 | Class A Common Stock | AGrant or awardAcquired | +7,120,714 | –F2 | – | 7,120,714 | Direct | |
| Mar 27, 2023 | Class A Common Stock | SSaleDisposed | −145,889 | $4.88F4 | −$711,938.32 | 6,974,825 | Direct | |
| Mar 27, 2023 | Class A Common Stock | SSaleDisposed | −5,708 | $6.10F5 | −$34,818.8 | 6,969,117 | Direct | |
| Mar 27, 2023 | Class A Common Stock | SSaleDisposed | −9,403 | $6.56F6 | −$61,683.68 | 6,959,714 | Direct | |
| Mar 27, 2023 | Class A Common Stock | SSaleDisposed | −7,998 | $7.78F7 | −$62,224.44 | 6,951,716 | Direct | |
| Mar 27, 2023 | Class A Common Stock | SSaleDisposed | −3,936 | $8.94F8 | −$35,187.84 | 6,947,780 | Direct | |
| Mar 27, 2023 | Class A Common Stock | SSaleDisposed | −3,415 | $9.69F9 | −$33,091.35 | 6,944,365 | Direct | |
| Mar 27, 2023 | Class A Common Stock | SSaleDisposed | −779 | $10.50 | −$8,179.5 | 6,943,586 | Direct | |
| Mar 27, 2023 | Class A Common Stock | SSaleDisposed | −172 | $12.00 | −$2,064 | 6,943,414 | Direct | |
| Mar 28, 2023 | Class A Common Stock | SSaleDisposed | −74,750 | $3.61F10 | −$269,847.5 | 6,868,664 | Direct | |
| Mar 28, 2023 | Class A Common Stock | SSaleDisposed | −26,916 | $4.45F11 | −$119,776.2 | 6,841,748 | Direct | |
| Mar 29, 2023 | Class A Common Stock | SSaleDisposed | −255,088 | $2.77F12 | −$706,593.76 | 6,586,660 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F2
Pursuant to the Merger Agreement and in connection with the closing of the Business Combination, (i) each share of Near Holdings capital stock outstanding as of immediately prior to the effective time of the First Merger was converted into a right to receive a number of KludeIn Class A Shares determined on the basis of a conversion ratio of 107.660 and (ii) each membership interest of Merger Sub 2 issued and outstanding immediately prior to the effective time of the Second Merger remained outstanding as a membership interest of the Merger Sub 2 and all shares of common stock of Near Holdings were no longer outstanding and were automatically cancelled and ceased to exist.
Referenced by the price of 1 transaction in Table I.
- F4
Represents weighted average sale price. These shares were sold in multiple transactions at prices ranging from $4.60 to $5.50, inclusive. The reporting person undertakes to provide to Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (4) through (12) to this Form 4.
Referenced by the price of 1 transaction in Table I.
- F5
Represents weighted average sale price. These shares were sold in multiple transactions at prices ranging from $5.51 to $6.235, inclusive.
Referenced by the price of 1 transaction in Table I.
- F6
Represents weighted average sale price. These shares were sold in multiple transactions at prices ranging from $6.50 to $7.22, inclusive.
Referenced by the price of 1 transaction in Table I.
- F7
Represents weighted average sale price. These shares were sold in multiple transactions at prices ranging from $7.50 to $8.37, inclusive.
Referenced by the price of 1 transaction in Table I.
- F8
Represents weighted average sale price. These shares were sold in multiple transactions at prices ranging from $8.51 to $9.42, inclusive.
Referenced by the price of 1 transaction in Table I.
- F9
Represents weighted average sale price. These shares were sold in multiple transactions at prices ranging from $9.50 to $10.25, inclusive.
Referenced by the price of 1 transaction in Table I.
- F10
Represents weighted average sale price. These shares were sold in multiple transactions at prices ranging from $3.22 to $4.20, inclusive.
Referenced by the price of 1 transaction in Table I.
- F11
Represents weighted average sale price. These shares were sold in multiple transactions at prices ranging from $4.22 to $4.80, inclusive.
Referenced by the price of 1 transaction in Table I.
- F12
Represents weighted average sale price. These shares were sold in multiple transactions at prices ranging from $2.50 to $3.35, inclusive.
Referenced by the price of 1 transaction in Table I.