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FAST Acquisition (FST) 10% owner Chatham Asset Management bought 32,500 Warrants for $111K at an average $3.40

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Insider transactions reported

Chatham Asset Management, LLC (10% owner at FAST Acquisition Corp., FST) reported that they bought 32,500 Warrants for $111K at an average $3.40 between Dec 7, 2021 and Dec 9, 2021.

Reporting person
Chatham Asset Management, LLC

Options and other derivatives

Options and other derivative transactions
DateTypeSecuritySharesPriceValueHeld after
Dec 7, 2021Open-market purchase (P)WarrantsOn 10,000 Common Stock1, 2, 3, ...+10,000$3.21$32.1K7,877,443 indirect
Dec 8, 2021Open-market purchase (P)WarrantsOn 20,000 Common Stock1, 2, 3, ...+20,000$3.53$70.5K7,897,443 indirect
Dec 9, 2021Open-market purchase (P)WarrantsOn 2,500 Common Stock1, 2, 3, ...+2,500$3.18$7,9527,899,943 indirect

Holdings before and after

  • Warrants: 7,867,443 to 7,899,943 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 3,997,954 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 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.
  3. 3. The Warrants will expire five years after the completion of the Company's initial business combination or earlier upon redemption or liquidation.
  4. 4. The price reported in Column 8 is a weighted average price. These Warrants were purchased in multiple transactions at prices ranging from $2.97 to $3.25 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 32,500 Warrants for $111K at an average $3.40 between Dec 7, 2021 and Dec 9, 2021.

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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