Form 4: RumbleOn Director Mark Cohen Receives Restricted Stock Units; Joint Filing Agreement Executed

Mark Cohen, a director of RumbleOn, Inc., received 12,225 restricted stock units and a joint filing agreement was executed by Cohen, SH Capital Partners, L.P., and Stone House Capital Management, LLC.

Summary

• On March 25, 2024, Mark Cohen, a director of RumbleOn, Inc., received a grant of 12,225 restricted stock units (RSUs).
• The RSUs were calculated based on the share price following the release of RumbleOn's Q2 2023 earnings.
• Each RSU represents a contingent right to receive one share of Class B Common Stock of RumbleOn.
• The RSUs will vest in equal installments on April 1, 2024, and July 1, 2024.
• The RSUs are held by Mr. Cohen for the benefit of SH Capital Partners, L.P., and are intended to be transferred to Partners upon vesting.
• The filing also indicates that Mr. Cohen, SH Capital Partners, L.P., and Stone House Capital Management, LLC are jointly filing the statement.
• SH Capital Partners, L.P. is the direct beneficial owner of 6,398,144 shares.
• Stone House Capital Management, LLC is the general partner and investment manager of SH Capital Partners, L.P.
• A joint filing agreement was executed on March 27, 2024, among Mark Cohen, Stone House Capital Management, LLC, and SH Capital Partners, L.P.

Sentiment

Score: 6

Explanation: The document is a standard regulatory filing related to stock ownership. It doesn't contain overtly positive or negative information, hence a neutral sentiment score.

Positives

• The grant of RSUs to a director aligns their interests with those of the shareholders.
• The vesting schedule provides an incentive for continued service on the board.

Risks

• The document indicates that the reporting persons may be deemed a member of a group with respect to the issuer, which could trigger additional regulatory scrutiny.

Future Outlook

The document does not contain specific forward-looking statements regarding RumbleOn's future performance, but the vesting of RSUs suggests an expectation of continued service by the director.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The filing indicates changes in beneficial ownership and is a standard practice for publicly traded companies.

Stakeholder Impact

• The grant of RSUs could have a slightly positive impact on shareholder sentiment as it aligns the director's interests with those of the shareholders.

Key Dates