Singer Michael Evan 4
4 · Insight Acquisition Corp. /DE · Filed Oct 20, 2021
Insider Transaction Report
Form 4
Singer Michael Evan
DirectorExecutive Chairman10% Owner
Transactions
- Other
Class B common stock, $0.0001 par value per share
2021-10-18−900,000→ 4,650,000 total(indirect: See footnote)→ Class A common stock, $0.0001 par value per share (900,000 underlying)
Footnotes (3)
- [F1]Pursuant to the subscription agreement between the Company and Insight Acquisition Sponsor LLC (the "Sponsor"), 900,000 shares of Class B common stock were forfeited to the Issuer since the underwriters did not exercise their over-allotment option in the Issuer's initial public offering of units.
- [F2]The shares of Class B common stock are convertible for shares of the Issuer's Class A common stock as described under the heading "Description of Securities" in the Issuer's Registration Statement on Form S-1(File No. 333-258727) (the "Registration Statement") and have no expiration date.
- [F3]The shares are held directly by the Sponsor. The managing members of the Sponsor are Jeff Gary and Michael Singer. Each of Mssrs. Gary and Singer have joint voting and dispositive power over the shares held by the Sponsor and disclaim beneficial ownership over any securities owned by the Sponsor in which they do not have any pecuniary interest.