THIRD POINT LLC purchased 160.5% of their position (6.42M shares) of FAR POINT ACQUISITION CORP on the open market
Open‑market purchase worth $61.00M — a major conviction buy. The strongest form of insider conviction signal.
Class A Common Stock
Shares
+6.42M
Price / share
$9.50
Trade value
$61M
% of position
Class A Common Stock
Shares
−10.42M
Price / share
—
Trade value
—
% of position
Net shares
−4M
Net value
$61M
| Security | Date | Type | Shares | Price / Share | Trade Value | % of Position | Held Before | Held After |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock Indirect | 8/28/2020 | P · Purchase | +6.42M | $9.50 | $61M | 160.5% | 4M | 10.42M |
| Class A Common Stock Indirect | 8/28/2020 | J · J | −10.42M | — | — | New position | 10.42M | 0.00 |
| Total | −4M | $61M | ||||||
Class B Common Stock
Class A Common Stock
5M shares
Shares
−5M
Strike price
Held after
10.69M
Exercisable
—
Class B Common Stock
Class A Common Stock
10.69M shares
Shares
−10.69M
Strike price
Held after
0.00
Exercisable
—
Warrants
Class A Common Stock
9.77M shares
Shares
−9.77M
Strike price
Held after
0.00
Exercisable
—
Warrants
Class A Common Stock
1.33M shares
Shares
−1.33M
Strike price
Held after
0.00
Exercisable
—
| Security | Converts To | Date | Type | Shares | Strike Price | Exercisable | Held After |
|---|---|---|---|---|---|---|---|
| Class B Common Stock Indirect | Class A Common Stock5M shares | 8/28/2020 | J · J | −5M | — | 10.69M | |
| Class B Common Stock Indirect | Class A Common Stock10.69M shares | 8/28/2020 | J · J | −10.69M | — | 0.00 | |
| Warrants Indirect | Class A Common Stock9.77M shares | 8/28/2020 | J · J | −9.77M | — | 0.00 | |
| Warrants Indirect | Class A Common Stock1.33M shares | 8/28/2020 | J · J | −1.33M | — | 0.00 |