Wesley R. Edens - 13 May 2022 Form 4 Insider Report for Drive Shack Inc. (DSHK)

Role
Director, 10%+ Owner
Signature
/s/ Wesley R. Edens
Issuer symbol
DSHK
Transactions as of
13 May 2022
Transactions value $
$2,977,183
Form type
4
Filing time
17 May 2022, 20:41:25
Previous filing
13 May 2022
Next filing
03 Oct 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DSHK Common Stock, par value $0.01 per share Purchase $984K +698K +15.5% $1.41 5.2M 13 May 2022 Direct F1
transaction DSHK Common Stock, par value $0.01 per share Purchase $984K +698K +14.39% $1.41 5.55M 13 May 2022 WRE 2021 Trust LLC F1, F2
transaction DSHK Common Stock, par value $0.01 per share Purchase $505K +302K +5.81% $1.67 5.5M 16 May 2022 Direct F3
transaction DSHK Common Stock, par value $0.01 per share Purchase $505K +302K +5.45% $1.67 5.85M 16 May 2022 WRE 2021 Trust LLC F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares were purchased in multiple transactions and the price reported is a weighted average. The purchase price ranged from $1.31 to $1.50. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the SEC, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
F2 Reflects shares held by WRE 2021 Trust LLC, which is owned by The Wesley R. Edens 2021 Family Trust (formerly the The Wesley R. Edens 2011 GRAT Family Trust). The reporting person may be deemed to be the beneficial owner of these shares but disclaims beneficial ownership except to the extent of his pecuniary interest therein.
F3 The shares were purchased in multiple transactions and the price reported is a weighted average. The purchase price ranged from $1.515 to $1.75 The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the SEC, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.