February 6, 2024 · Form 4 insider transaction
AMERICAN HOME ASSURANCE CO sold 494,173 shares of GUTS at $0.00 per share, a transaction worth N/A. The trade was recorded as conversion of a derivative and disclosed on an SEC Form 4, filed 2 days after the transaction.
The Series E Convertible Preferred Stock and Series F Convertible Preferred Stock (together, the "Preferred Shares") automatically converted into shares of the Issuer's common stock, for no additional consideration, immediately prior to the closing of the Issuer's initial public offering of common stock, at a conversion ratio of 1 share of Common Stock for 2.146 Preferred Shares. The Preferred Shares had no expiration date.; American Home Assurance Company is a wholly owned, indirect subsidiary of American International Group, Inc.