UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Stock Option (Right to Buy) | (3) | 10/21/2030 | Common Stock | 401,823 | $ 2.18 | D | |
Earnout Shares | (4) | 07/14/2026 | Common Stock | 1,781,353 | $ 0 | D | |
Earnout Shares | (5) | 07/14/2026 | Common Stock | 241,373 | $ 0 | I | By: The Gregory Mark Irrevocable Family Trust (1) |
Earnout Shares | (6) | 07/14/2026 | Common Stock | 120,686 | $ 0 | I | By: The Gregory Mark 2020 Grantor Retained Annuity Trust (2) |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Mark Gregory C/O MARKFORGED HOLDING CORPORATION 480 PLEASANT STREET WATERTOWN, MA 02472 |
X | X |
/s/ Stephen Karp, Attorney-in-Fact for Gregory T. Mark | 07/14/2021 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | The Trustees of The Gregory Mark Irrevocable Family Trust are the reporting person and two immediate family members. Voting and investment power of the shares is exercised by the reporting person and his co-trustees. |
(2) | The Trustee of The Gregory Mark 2020 Grantor Retained Annuity Trust is the reporting person. |
(3) | This stock option shall vest over four years, with 25% of the shares vesting 12 months after the vesting commencement date, and 1/48 of the shares shall vest on each monthly anniversary. |
(4) | On July 14, 2021 (the "Closing Date") one, the Issuer's predecessor, consummated the business combination (the "Business Combination") pursuant to the terms of the merger agreement dated as of February 23, 2021 by and among one, Caspian Merger Sub Inc., a Delaware corporation and MarkForged, Inc., a Delaware corporation. On the Closing Date, Gregory Mark., received the right to acquire 1,781,353 shares of the Issuer's Common Stock in connection with the Business Combination, (i) 971,647 of which will be released from escrow if the value weighted average price ("VWAP") for at least 20 of any 30 consecutive trading days following the Closing Date is at least $12.50; and (ii) 809,706 of which will be released from such escrow if the VWAP for at least 20 of any 30 consecutive trading days following the Closing Date is at least $15.00. Any shares not eligible to be released within five years of the Closing Date will be forfeited and canceled. |
(5) | On the Closing Date, The Gregory Mark Irrevocable Family Trust., received the right to acquire 241,373 shares of the Issuer's Common Stock in connection with the Business Combination, (i) 131,658 of which will be released from escrow if the VWAP for at least 20 of any 30 consecutive trading days following the Closing Date is at least $12.50; and (ii) 109,715 of which will be released from such escrow if the VWAP for at least 20 of any 30 consecutive trading days following the Closing Date is at least $15.00. Any shares not eligible to be released within five years of the Closing Date will be forfeited and canceled. |
(6) | On the Closing Date, The Gregory Mark 2020 Grantor Retained Annuity Trust, received the right to acquire 120,686 shares of the Issuer's Common Stock in connection with the Business Combination, (i) 65,829 of which will be released from escrow if the VWAP for at least 20 of any 30 consecutive trading days following the Closing Date is at least $12.50; and (ii) 54,857 of which will be released from such escrow if the VWAP for at least 20 of any 30 consecutive trading days following the Closing Date is at least $15.00. Any shares not eligible to be released within five years of the Closing Date will be forfeited and canceled. |
Remarks: Exhibit 24: Power of Attorney |