FAST Acquisition (FST) 10% owner Chatham Asset Management bought 31,400 Warrants for $118K at an average $3.74
Stocks in this Quantisnow insightIndustrials
Insider transactions reported
Chatham Asset Management, LLC (10% owner at FAST Acquisition Corp., FST) reported that they bought 31,400 Warrants for $118K at an average $3.74 between Dec 20, 2021 and Dec 22, 2021.
- Reporting person
- Chatham Asset Management, LLC
Options and other derivatives
| Date | Type | Security | Shares | Price | Value | Held after |
|---|---|---|---|---|---|---|
| Dec 20, 2021 | Open-market purchase (P) | WarrantsOn 11,000 Common Stock1, 2, 3, ... | +11,000 | $3.57 | $39.3K | 8,123,912 indirect |
| Dec 21, 2021 | Open-market purchase (P) | WarrantsOn 4,300 Common Stock1, 2, 3, ... | +4,300 | $3.78 | $16.3K | 8,128,212 indirect |
| Dec 22, 2021 | Open-market purchase (P) | WarrantsOn 16,100 Common Stock1, 2, 3 | +16,100 | $3.85 | $62K | 8,144,312 indirect |
Holdings before and after
- Warrants: 8,112,912 to 8,144,312 indirect, See Footnote
Footnotes from the filing
- 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. 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. The Warrants will expire five years after the completion of the Company's initial business combination or earlier upon redemption or liquidation.
- 4. The price reported in Column 8 is a weighted average price. These Warrants were purchased in multiple transactions at prices ranging from $3.50 to $3.60 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 31,400 Warrants for $118K at an average $3.74 between Dec 20, 2021 and Dec 22, 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
- Dec 17, 2021SEC Form 4 filed by Chatham Asset Management, Llc
- Dec 14, 2021SEC Form 4 filed by Chatham Asset Management, Llc
- Dec 9, 2021SEC Form 4 filed by Chatham Asset Management, Llc
- Dec 6, 2021SEC Form 4 filed by Chatham Asset Management, Llc
- Dec 1, 2021SEC Form 4 filed by Chatham Asset Management, Llc
Quantisnow market dataNYSE
FST
FAST Acquisition Corp.
- Market cap
- 30-day
- Sector
- Industrials
- Industry
- Consumer Electronics/Appliances
- Listed since
- 2020
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