Form 4: iLearningEngines Director Thomas Olivier Reports Share Distribution by Arrowroot Acquisition LLC
SEC Form 4
Thomas Olivier, a director of iLearningEngines, reports the distribution of 1,303,127 common stock shares from Arrowroot Acquisition LLC to its members.
Summary
- Thomas Olivier, a director at iLearningEngines, filed a Form 4 on September 3, 2024, reporting a transaction that occurred on August 26, 2024.
- Arrowroot Acquisition LLC ('Sponsor') distributed 1,303,127 shares of iLearningEngines common stock to its members.
- No consideration was paid in connection with this distribution.
- Following the transaction, Olivier beneficially owns 5,702,666 shares indirectly through Arrowroot Acquisition LLC.
- Olivier disclaims beneficial ownership of these securities except to the extent of his pecuniary interest.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a share distribution, with neutral sentiment.
Stakeholder Impact
- The share distribution may have a minor impact on shareholders due to the change in ownership structure.
Key Dates
| Date | Description |
|---|---|
| 08/26/2024 | Date of the share distribution by Arrowroot Acquisition LLC. |
| 09/03/2024 | Date the Form 4 was filed. |
Keywords
Form 4, iLearningEngines, AILE, Arrowroot Acquisition LLC, Thomas Olivier, Share Distribution, Beneficial Ownership, Director
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