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FAST Acquisition (FST) 10% owner Chatham Asset Management bought 30,850 shares for $356K at an average $11.54

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Insider transactions reported

Chatham Asset Management, LLC (10% owner at FAST Acquisition Corp., FST) reported that they bought 30,850 shares for $356K at an average $11.54 between Aug 19, 2021 and Aug 23, 2021. After these transactions the filing shows 3,983,904 shares held indirectly (See Footnote).

Reporting person
Chatham Asset Management, LLC
Common stock and other non-derivative transactions
DateTypeSecuritySharesPriceValueHeld after
Aug 19, 2021Open-market purchase (P)Class A Common Stock, par value $0.0001 per share1, 2+6,250$11.46$71.6K3,959,304 indirect
Aug 20, 2021Open-market purchase (P)Class A Common Stock, par value $0.0001 per share1, 3+7,500$11.49$86.2K3,966,804 indirect
Aug 23, 2021Open-market purchase (P)Class A Common Stock, par value $0.0001 per share1, 4+17,100$11.60$198K3,983,904 indirect

Options and other derivatives

Options and other derivative transactions
DateTypeSecuritySharesPriceValueHeld after
Aug 23, 2021Open-market purchase (P)WarrantsOn 75,500 Common Stock1, 5, 6, ...+75,500$2.97$224K327,908 indirect

Holdings before and after

  • Class A Common Stock, par value $0.0001 per share: 3,953,054 to 3,983,904 indirect, See Footnote
  • Warrants: 252,408 to 327,908 indirect, See Footnote

Footnotes from the filing

  1. 1. Chatham Asset Management, LLC (the Reporting Person ) is the investment manager to certain affiliated funds (collectively, the Chatham Funds ). Anthony Melchiorre ( Mr. Melchiorre ) is the managing member of the Reporting Person. As of the date of the latest transaction reported on this Form 4, the Chatham Funds held the aggregate 3,983,904 shares of Class A Common Stock, par value $0.0001 per share, of Fast Acquisition Corp. (the Company ) reported herein. Pursuant to Reg. Section 240.16a-1(a)(2), the Reporting Person's and Mr. Melchiorre's beneficial ownership is limited to their pecuniary interest, if any, in such securities.
  2. 2. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $11.35 to $11.60 per share, inclusive. The Reporting Person undertakes to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth herein.
  3. 5. The warrants ( Warrants ) will become exercisable at any time commencing on the later of (a) 30 days after the completion of the Company's initial business combination or (b) 12 months from the closing of the Company's initial public offering.
  4. 6. The Warrants will expire five years after the completion of the Company's initial business combination or earlier upon redemption or liquidation.
  5. 7. The price reported in Column 8 is a weighted average price. These Warrants were purchased in multiple transactions at prices ranging from $2.9719 to $2.9741 per Warrant, inclusive. The Reporting Person undertakes to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Warrants purchased at each separate price within the ranges set forth herein.

Transaction codes in this filing

Open-market purchase:
Code P marks a purchase in the open market or a private deal. The insider paid for these securities.

FAQ

What did Chatham Asset Management report in this FST Form 4?

Chatham Asset Management, LLC (10% owner at FAST Acquisition Corp., FST) reported that they bought 30,850 shares for $356K at an average $11.54 between Aug 19, 2021 and Aug 23, 2021. After these transactions the filing shows 3,983,904 shares held indirectly (See Footnote).

How many FST shares does Chatham Asset Management hold after this filing?

The filing shows 3,983,904 shares held indirectly (See Footnote) after the reported transactions. Form 4 reports only the positions it lists, so this may not be every holding.

What does transaction code P mean on an SEC Form 4?

Code P marks a purchase in the open market or a private deal. The insider paid for these securities.

Historical context for FST

Earlier insider filings at FST

Quantisnow market dataNYSE
FAST Acquisition Corp. logo
FST
FAST Acquisition Corp.
Market cap
30-day
Sector
Industrials
Industry
Consumer Electronics/Appliances
Listed since
2020
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