Galen C. Smith - 11 Aug 2022 Form 4 Insider Report for Redbox Entertainment Inc. (RDBX)

Role
Chief Executive Officer, Director
Signature
/s/ Galen C. Smith
Issuer symbol
RDBX
Transactions as of
11 Aug 2022
Transactions value $
$0
Form type
4
Filing time
12 Aug 2022, 15:43:13 UTC
Previous filing
29 Dec 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RDBX Class A common stock, par value $0.0001 per share Disposed to Issuer -576,036 -100% 0 11 Aug 2022 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Galen C. Smith is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Securities reported as Class A common stock represent restricted stock units ("RSUs") of Redbox Entertainment Inc. (the "Issuer"). In connection with the Issuer's merger with and into a subsidiary of Chicken Soup for the Soul Entertainment, Inc. ("CSSE") pursuant to the Merger Agreement, dated as of May 10, 2022, as amended from time to time, by and among the Issuer, CSSE, and the other parties thereto, vested and unvested Issuer RSUs were automatically cancelled and converted into the right to receive a number of shares of Class A common stock, par value $0.0001, of CSSE equal to 0.087 multiplied by the number of Issuer RSUs held immediately prior to the effective time of the merger, rounded up to the nearest whole share, less applicable withholding taxes.