Sam Bankman-Fried, Emergent Fidelity Amass 7.6% Stake in Robinhood -Breaking
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© Reuters Sam Bankman-Fried, Emergent Fidelity Amass 7.6% Stake in Robinhood (HOOD)Following the closure of Robinhood, a 13D filed showed that Emergent Fidelity Technologies Ltd. along with FTX CEO Sam Bankman Fried, had purchased a 56.273,469 stock, or 7.6%, from an entity called Emergent.
Emergent Fidelity and Bankman-Fried claimed that the shares were purchased on the basis of attractive investments and they intend to retain the shares.
The group also states that it does not intend to take any actions in order to influence or change the Control of the Issuer.
The following table shows the most recent transactions.
Below is a table listing all shares transactions that occurred between the Reporting Persons and their affiliates in the 60-day period. This includes transactions made after 4:00 pm, New York City, New York City, time on May 12, 2022. All such transactions were open-market purchases of Shares made through an affiliate of the Reporting Persons that transferred such Shares to Emergent Fidelity Technologies Ltd. at those Shares’ respective purchase prices. Staff of Securities and Exchange Commission will request full details from the Reporting Persons regarding the total number of shares purchased at each price in the ranges shown below.
|
Date of transaction |
Buy/Sell |
Quantity |
Weighted Avg. Weighted Avg. |
Prices |
|
03/14/2022 |
Buy |
800,000 |
10.7092 |
10.4450 – 11.1300 |
|
03/15/2022 |
Buy |
800,000 |
10.8915 |
10.5050 – 11.1100 |
|
03/16/2022 |
Buy |
800,000 |
12.5464 |
11.9300 – 12.8400 |
|
03/17/2022 |
Buy |
800,000 |
13.4212 |
12.7200 – 13.7000 |
|
03/22/2022 |
Buy |
400,000 |
13.5252 |
13.2950 – 13.8500 |
|
03/23/2022 |
Buy |
800,000 |
13.1211 |
12.8200 – 13.3350 |
|
03/24/2022 |
Buy |
600,000 |
12.9467 |
12.8250 – 13.0400 |
|
03/25/2022 |
Buy |
400,000 |
12.4069 |
12.2700 – 12.5200 |
|
03/28/2022 |
Purchase |
400,000 |
12.5177 |
12.2750 – 12.8000 |
|
04/11/2022 |
Purchase |
400,000 |
11.2423 |
11.0100 – 11.4650 |
|
04/12/2022 |
Purchase |
400,000 |
11.5911 |
11.3550 – 11.8300 |
|
04/13/2022 |
Buy |
400,000 |
11.7531 |
11.4200 – 11.9300 |
|
04/14/2022 |
Buy |
400,000 |
11.5851 |
11.3050 – 11.8800 |
|
04/18/2022 |
Buy |
400,000 |
11.0111 |
10.9050 – 11.2700 |
|
04/19/2022 |
Buy |
400,000 |
11.3910 |
11.2350 – 11.6300 |
|
04/20/2022 |
Buy |
400,000 |
10.8683 |
10.6950 – 11.1050 |
|
04/27/2022 |
Buy |
900,000 |
9.5583 |
9.3950 – 9.7600 |
|
04/28/2022 |
Buy |
900,000 |
9.7489 |
9.2700 – 10.1900 |
|
05/02/2022 |
Buy |
2,400,000 |
10.1458 |
9.5400 – 10.4800 |
|
05/03/2022 |
Buy |
2,800,000 |
10.0107 |
9.6450 – 10.4900 |
|
05/04/2022 |
Buy |
1,515,910 |
10.2058 |
9.8950 – 10.4950 |
|
05/04/2022 |
Buy |
522,559 |
10.6816 |
10.5000 – 10.9050 |
|
05/05/2022 |
Buy |
2,400,000 |
10.6365 |
10.3650 – 10.9500 |
|
05/06/2022 |
Buy |
1,450,000 |
10.2339 |
9.9200 – 10.6500 |
|
05/09/2022 |
Buy |
2,400,000 |
9.7423 |
9.4250 – 10.2300 |
|
05/10/2022 |
Buy |
2,800,000 |
9.3580 |
8.9200 – 9.8800 |
|
05/11/2022 |
Buy |
1,590,165 |
8.2786 |
8.0100 – 8.4950 |
|
05/11/2022 |
Buy |
1,609,835 |
8.9340 |
8.5000 – 9.3500 |
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