SIVARAM VARUN 4
4 · PERIDOT ACQUISITION CORP. · Filed Feb 10, 2021
Insider Transaction Report
Form 4
SIVARAM VARUN
Director
Transactions
- Other
Class B Ordinary Shares
2021-02-08$90.00/sh−30,000$2,700,000→ 0 total→ Class A Ordinary Shares (30,000 underlying)
Footnotes (2)
- [F1]As described in the issuer's registration statement on Form S-1 (File No. 333-248608) under the heading "Description of Securities--Founder Shares", the Class B ordinary shares, par value $0.0001 per share, will automatically convert into Class A ordinary shares, par value $0.0001 per share, of the issuer at the time of the issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to adjustment for share splits, share capitalizations, reorganizations, recapitalizations and the like, and certain anti-dilution rights and have no expiration date.
- [F2]In connection with Varun Sivaram's resignation as an independent director of the issuer, Peridot Acquisition Sponsor, LLC repurchased 30,000 shares of Class B common stock of the issuer from Mr. Sivaram for approximately $90.00, or $0.003 per share.