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CUSIP No. 448579102 | | 13D | | Page 12 of 20 Pages |
Item 5. | Interest in Securities of the Issuer |
Clauses (a)-(b) of Item 5 of the Schedule 13D are hereby amended and restated in their entirety as follows, and clause (c) of Item 5 of the Schedule 13D is hereby supplemented by inserting the following at the end thereof:
(a)-(b) As of the date hereof, the Reporting Persons in the aggregate may be deemed to be the beneficial owners of 251,761 shares of currently issued Class A Common Stock and 3,890,774 shares of Class A Common Stock issuable upon conversion of 3,890,774 shares of Class B Common Stock beneficially owned by the Reporting Persons. The number of shares of Class A Common Stock beneficially owned by the Reporting Persons represents less than 1.0% of the total number of shares of Class A Common Stock outstanding, assuming that no outstanding shares of Class B Common Stock have been converted into shares of Class A Common Stock other than in the Conversion. The number of shares of Class B Common Stock beneficially owned by the Reporting Persons represents 6.0% of the total number of shares of Class B Common Stock outstanding. The number of shares of Common Stock beneficially owned by the Reporting Persons represents 4.1% of the total number of shares of Common Stock outstanding and 5.7% of the total voting power of the shares of Common Stock outstanding, voting together as a single class, assuming that no outstanding shares of Class B Common Stock have been converted into shares of Class A Common Stock other than in the Conversion. Mr. Pritzker may be deemed to have sole power to vote and to dispose of those shares of Common Stock held directly by him; all other Reporting Persons may be deemed to have shared power with respect to those shares of Common Stock of which they may be deemed to have beneficial ownership by reason of the relationships identified in Item 2.
Schedule A sets forth, as of the date hereof, the number of shares and percentage of the Class A Common Stock outstanding, the number of shares and percentage of the Class B Common Stock outstanding, the percentage of the total number of shares of Common Stock outstanding, and the percentage of the total voting power of the shares of Common Stock outstanding, voting together as a single class, represented by the shares beneficially owned by each Reporting Person.
Based solely on the information contained in the Schedule 13Ds filed by the Separately Filing Group Members, as set forth inSchedule B described below, as of the date hereof, the Pritzker Family Group in the aggregate may be deemed to be the beneficial owners of 296,349 shares of currently issued Class A Common Stock and 62,920,998 shares of Class A Common Stock issuable upon conversion of 62,920,998 shares of Class B Common Stock beneficially owned by the Pritzker Family Group. The number of shares of Class A Common Stock beneficially owned by the Pritzker Family Group and currently issued represents less than 1.0% of the total number of shares of Class A Common Stock outstanding, assuming that no outstanding shares of Class B Common Stock have been converted into shares of Class A Common Stock other than in the conversion of an aggregate of 271,881 shares of Class B Common Stock into Class A Common Stock by the Reporting Persons on May 20 and May 21, 2020 (the “Conversion”). The number of shares of Class B Common Stock beneficially owned by the Pritzker Family Group represents 96.5% of the total number of shares of Class B Common Stock outstanding. The number of shares of Common Stock beneficially owned by the Pritzker Family Group represents 62.5% of the total number of shares of Common Stock outstanding and 91.5% of the total voting power of the shares of Common Stock outstanding, voting together as a single class, assuming that no outstanding shares of Class B Common Stock have been converted into shares of Class A Common Stock other than in the Conversion.
Schedule B sets forth, as of the date hereof, the number of shares and percentage of the Class A Common Stock outstanding, the number of shares and percentage of the Class B Common Stock outstanding, the percentage of the total number of shares of Common Stock outstanding, and the percentage of the total voting power of the shares of Common Stock outstanding, voting together as a single class, represented by the shares beneficially owned by each Separately Filing Group Member. All such information is based solely on the information contained in the Schedule 13Ds filed by the Separately Filing Group Members.
All references to the number of shares outstanding are as of May 12, 2020, as reported in the Issuer’s Registration Statement on FormS-3, filed May 21, 2020, as adjusted to account theConversion. The information set forth in this Schedule 13D, includingSchedule A andSchedule B hereto, with respect to the percentage of shares of Class A Common Stock.