Form 4: Rumble Inc. CTO Wojciech Hlibowicki Reports Significant Transactions in Company Stock

Chief Technology Officer of Rumble Inc., Wojciech Hlibowicki, reports a series of transactions involving Class A Common Stock, Class C Common Stock, and Exchangeable Shares, including an exchange, cancellation, sale, and option exercise.

Summary

• Wojciech Hlibowicki, the Chief Technology Officer of Rumble Inc., filed a Form 4 detailing changes in beneficial ownership.
• On February 7, 2025, Hlibowicki exchanged 3,096,802 Exchangeable Shares for Class A Common Stock.
• Concurrently, 3,096,802 shares of Class C Common Stock held by Hlibowicki were cancelled.
• Hlibowicki also exercised options to acquire 3,817,165 shares of Class A Common Stock at $0.03 per share.
• He sold 3,096,802 shares of Class A Common Stock and 3,817,165 shares of Class A Common Stock at $7.50 per share to the Issuer in a self tender offer.
• Following these transactions, Hlibowicki directly owns 4,592 shares of Class A Common Stock and 6,645,476 Stock Options, and indirectly owns 1,522,030 shares of Class C Common Stock and 1,522,030 Exchangeable Shares through 1 Ontario Ltd.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing transactions by an insider. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Management Comments

• The transactions were approved by the Company's Board of Directors for purposes of the exemption under Rule 16b-3 promulgated under the Securities Exchange Act of 1934, as amended.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Key Dates

Keywords

Rumble Inc., Wojciech Hlibowicki, Form 4, Beneficial Ownership, Class A Common Stock, Class C Common Stock, Exchangeable Shares, Stock Options, Self Tender Offer, Transactions