Form 4: Glenn R. August Reports Changes in Beneficial Ownership of MultiPlan Corp (MPLN)

Glenn R. August, a director of MultiPlan Corp, reports a transaction involving Class A common stock and holdings of restricted stock units.

Summary

• Glenn R. August, a director of MultiPlan Corp, filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
• On April 24, 2024, Mr. August acquired 172,413 shares of Class A common stock at $0 per share.
• Following the transaction, Mr. August directly owns 320,082 shares of Class A common stock.
• Mr. August also indirectly owns 3,351,265 shares of Class A common stock through Oak Hill Advisors Entities.
• The reported transaction includes restricted stock units that vest on the earlier of the one-year anniversary of the grant date or the date of the next annual meeting, subject to continued service.
• Mr. August is the Founder and CEO of Oak Hill Advisors (OHA), a subsidiary of T. Rowe Price Associates, Inc. (TRP).
• Mr. August and OHA disclaim beneficial ownership of shares held by Oak Hill Advisors Entities beyond their respective pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Management Comments

• Glenn R. August and OHA each disclaims beneficial ownership of the shares held by the Oak Hill Advisors Entities beyond their respective pecuniary interest in the Oak Hill Advisor Entities for purposes of Section 16 under the Exchange Act.

Industry Context

Form 4 filings are standard practice for corporate insiders to report changes in their ownership of company securities, providing transparency to investors.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the ownership of MultiPlan Corp's securities by a director.

Key Dates