1 |
NAME OF REPORTING PERSON
HAP Trading, LLC
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
22-3561721
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2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
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3 | SEC USE ONLY | ||
4 |
CITIZENSHIP OR PLACE OF ORGANIZATION
New York
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 |
SOLE VOTING POWER
0
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6 |
SHARED VOTING POWER
12,119,159 (see Item 4)
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7 |
SOLE DISPOSITIVE POWER
0
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8 |
SHARED DISPOSITIVE POWER
12,119,159 (see Item 4)
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9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,119,159 (see Item 4)
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10 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
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11 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
32.4% (see Item 4)
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12 |
TYPE OF REPORTING PERSON
BD (SEC Registration # 8-50599)
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1 |
NAME OF REPORTING PERSON
Harsh A. Padia
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
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2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
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3 | SEC USE ONLY | ||
4 |
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 |
SOLE VOTING POWER
0
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6 |
SHARED VOTING POWER
12,119,159 (see Item 4)
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7 |
SOLE DISPOSITIVE POWER
0
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8 |
SHARED DISPOSITIVE POWER
12,119,159 (see Item 4)
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9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,119,159 (see Item 4)
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10 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
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11 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
32.4% (see Item 4)
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12 |
TYPE OF REPORTING PERSON
HC
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ITEM 1(a). |
NAME OF ISSUER:
Clarus Corporation
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ITEM 1(b). |
ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
2084 East 3900 South, Salt Lake City, UT 84124
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ITEM 2(a). |
NAME OF PERSON FILING:
HAP Trading, LLC (HAP Trading) and Harsh A. Padia (Mr. Padia and, together with HAP Trading, the Reporting Persons).
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ITEM 2(b). |
ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
395 Hudson Street, 10th Floor
New York, NY 10014 |
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ITEM 2(c). |
CITIZENSHIP:
HAP Trading, LLC is a limited liability company
Harsh A. Padia is a United States citizen |
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ITEM 2(d). |
TITLE OF CLASS OF SECURITIES:
Common Stock
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ITEM 2(e). |
CUSIP NUMBER:
18270P109
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ITEM 3. | IF THIS STATEMENT IS FILED PURSUANT TO SECTION 240.13d-1(b), or 13d-2(b) or (c) CHECK WHETHER THE PERSON FILING IS A: | |
(a)
[X] |
Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78c); | |
(b)
[ ] |
Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c); | |
(c)
[ ] |
Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c); | |
(d)
[ ] |
Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8); | |
(e)
[ ] |
An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); | |
(f)
[ ] |
An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); | |
(g)
[X] |
A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); | |
(h)
[ ] |
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); | |
(i)
[ ] |
A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); | |
(j)
[ ] |
A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J); | |
(k)
[ ] |
Group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d1(b)(1)(ii)(J), please specify the type of institution: | |
ITEM 4. | OWNERSHIP | |
Mr. Padia and HAP Trading collectively beneficially owned an aggregate of 12,119,159 shares of Common Stock as of August 31, 2022, over which they shared voting and dispositive power. Mr. Padia is the control Person of HAP Trading. As of August 31, 2022, the Reporting Persons holdings consist of 285,259 shares of Common Stock and call options exercisable within sixty days to acquire 11,833,900 shares of Common Stock. Note: As of August 31, 2022, HAP Trading maintained an aggregate call option sold position with respect to 8,953,200 shares of Common Stock (i.e., short positions) which position is not netted against or counted in the data provided herein as to the number of shares beneficially owned by Reporting Persons. The ownership percentages of the reporting persons set forth in Row 11 of the cover page hereto has been calculated based on an assumed total of 37,374,595 shares of Common Stock issued and outstanding as of July 27, 2022, as reported in the Issuers Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 1, 2022. |
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(a) Amount beneficially owned: | ||
HAP Trading: 12,119,159 Harsh A. Padia: 12,119,159 |
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(b) Percent of class: | ||
HAP Trading: 32.4% Harsh A. Padia: 32.4% |
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(c) Number of shares as to which the person has: | ||
(i) sole power to vote or to direct the vote: | ||
HAP Trading: 0 Harsh A. Padia: 0 |
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(ii) shared power to vote or to direct the vote: | ||
HAP Trading: 12,119,159 Harsh A. Padia: 12,119,159 |
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(iii) sole power to dispose or direct the disposition of: | ||
HAP Trading: 0 Harsh A. Padia: 0 |
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(iv) shared power to dispose or to direct the disposition of: | ||
HAP Trading: 12,119,159 Harsh A. Padia: 12,119,159 |
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ITEM 5. |
OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following
[ ].
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ITEM 6. |
OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:
Not applicable.
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ITEM 7. |
IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:
See Exhibit 1.
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ITEM 8. |
IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
Not applicable.
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ITEM 9. |
NOTICE OF DISSOLUTION OF GROUP:
Not applicable.
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ITEM 10. |
CERTIFICATION:
By signing below, I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect , other than activities solely in connection with a nomination under 240.14a-11.
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HAP Trading, LLC
By:
/s/ Michael Joseph
Name:
Michael Joseph
Title:
COO/CFO/CCO
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Harsh A. Padia
By:
/s/ Harsh A. Padia
Name:
Harsh A. Padia
Title:
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