Form 4: RumbleOn Director Transfers Shares to SH Capital Partners in 'Bona Fide Gift'

Mark Cohen, a director at RumbleOn, Inc., transferred 6,113 shares of Class B Common Stock to SH Capital Partners, L.P. as a 'bona fide gift'.

Summary

• Mark Cohen, a director of RumbleOn, Inc., filed a Form 4 indicating changes in beneficial ownership.
• On April 12, 2024, Mr. Cohen transferred 6,113 shares of Class B Common Stock to SH Capital Partners, L.P.
• The transfer is classified as a 'bona fide gift' and is exempt from matching and short-swing liability under Section 16(b) of the Securities Exchange Act of 1934.
• Mr. Cohen serves on the board in connection with SH Capital Partners, L.P.'s investment in RumbleOn.
• The filing is jointly submitted by Mr. Cohen, SH Capital Partners, L.P., and Stone House Capital Management, LLC.
• As of the transaction, Mr. Cohen beneficially owns 6,112 shares directly and SH Capital Partners, L.P. beneficially owns 6,404,257 shares indirectly.

Sentiment

Score: 5

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

Positives

• The transfer of shares is classified as a 'bona fide gift', which has specific exemptions under securities regulations.

Industry Context

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

Related Party Transactions

• The transfer of shares from Mark Cohen to SH Capital Partners, L.P., where Mr. Cohen is a managing member, constitutes a related party transaction.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider ownership.

Key Dates