[Form 4] Cardlytics, Inc. Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
SOSIN CLIFFORD
Role
10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | 4.25% Convertible Senior Notes due 2029 | 57,000 | $0.00 | -- |
| Other | Common Stock | 15,855 | $0.00 | -- |
Holdings After Transaction:
4.25% Convertible Senior Notes due 2029 — 21,243,000 shares (Indirect, See Footnote);
Common Stock — 5,599,023 shares (Indirect, See Footnote)
Footnotes (1)
- 3,409,540 shares of the Issuer's Common Stock (the "Common Stock") are owned directly by Sosin Master, L.P. ("Sosin Master"). The Reporting Person, as the Managing Member of CAS Investment Partners, LLC ("CAS"), the investment manager to Sosin Master, may be deemed to beneficially own the securities directly owned by Sosin Master. The remaining 2,189,483 shares of Common Stock are owned directly by CSWR Partners, L.P. ("CSWR"). The Reporting Person, as the Managing Member of CAS, the investment manager to CSWR, may be deemed to beneficially own the securities directly owned by CSWR. Represents a pro rata distribution of 15,855 shares of Common Stock by Sosin Master to its partners for no consideration. Sosin Master directly holds $13,741,366 principal amount of the Issuer's 4.25% Convertible Senior Notes due April 1, 2029 (the "Notes") and CSWR directly holds $7,501,634 principal amount of the Notes. Subject to conditions described in the indenture governing the Notes, the Notes have an initial conversion rate of 55.4939 shares of Common Stock per $1,000 principal amount of Notes, subject to adjustment as described in the indenture. As the Issuer has the option, at its sole discretion, to settle conversions of the Notes in cash, shares of Common Stock or a combination of cash and shares of Common Stock, none of the Reporting Person, Sosin Master or CSWR are deemed to be beneficial owners of any shares of Common Stock underlying the Notes for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended. Represents a pro rata distribution of $57,000 principal amount of the Notes by Sosin Master to its partners for no consideration.
