GCGR director reports 20,000 Class B share holdings
General Catalyst Global Resilience Merger Corp. director Barry McCarthy reported his initial beneficial ownership on a Form 3.
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Rhea-AI Filing Summary
General Catalyst Global Resilience Merger Corp. director Barry McCarthy reported his initial beneficial ownership on a Form 3. He holds 20,000 Class B ordinary shares, which are convertible into 20,000 Class A ordinary shares.
The footnote explains these Class B shares are convertible at the holder’s option on a one-for-one basis until the company completes its initial business combination. After that, they will automatically convert into Class A shares over a ten-year period based on a formulaic conversion schedule and rates.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B ordinary shares | -- | -- | -- |
Footnotes (1)
- F1. The reported Class B ordinary shares are convertible at the option of the holder on a one-for-one basis until the issuer's initial business combination, after which, such Class B ordinary shares will automatically convert into Class A ordinary shares, over a ten year period following the issuer's initial business combination based on a formulaic conversion schedule and rates.
Key Figures
Key Terms
initial business combination financial
formulaic conversion schedule financial
FAQ
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What did Barry McCarthy report in his Form 3 for GCGRU?
Does the GCGRU Form 3 show any buying or selling by Barry McCarthy?
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