LOCC Sponsor, LLC 4
4 · Live Oak Crestview Climate Acquisition Corp. · Filed Nov 10, 2021
Insider Transaction Report
Form 4
LOCC Sponsor, LLC
10% Owner
Transactions
- Other
Class B Common Stock
2021-11-08−750,000→ 4,073,864 total→ Class A Common Stock (750,000 underlying) - Sale
Class B Common Stock
2021-11-08−85,000→ 3,988,864 total→ Class A Common Stock (85,000 underlying)
Footnotes (2)
- [F1]The Class B Common Stock, par value $0.0001 per share (the "Class B Common Stock"), of Live Oak Crestview Climate Acquisition Corp. (the "Issuer") will convert into shares of the Issuer's Class A Common Stock, par value $0.0001 per share, after the Issuer's initial business combination, on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights, and have no expiration date.
- [F2]The Class B Common Stock owned by LOCC Sponsor, LLC included up to 750,000 shares of Class B Common Stock that were subject to forfeiture if the underwriters in the Issuer's initial public offering did not exercise their over-allotment option. Because the underwriters did not exercise their over-allotment option, LOCC Sponsor, LLC forfeited 750,000 shares of Class B Common Stock on November 8, 2021 for cancellation by the Issuer.