Beard Energy Transition Acquisition Sponsor LLC 3
3 · Beard Energy Transition Acquisition Corp. · Filed Nov 23, 2021
Insider Transaction Report
Form 3
Holdings
Class B Units of Beard Energy Transition Acquisition Holding
→ Class A Common Stock (5,750,000 underlying)
Footnotes (2)
- [F1]For each Class B Unit of Beard Energy Transition Acquisition Holdings LLC ("Opco"), the Reporting Person owns a corresponding share of the Issuer's Class B common stock. In connection with the Issuer's initial business combination, the Class B Units of Opco will convert into Class A Units of Opco on a one-for-one basis, subject to adjustment. The Class A Units of Opco (together with the corresponding shares of the Issuer's Class B common stock) will be exchangeable into shares of the Issuer's Class A common stock after the time of the Issuer's initial business combination on a one-for-one basis and have no expiration date.
- [F2]Includes 750,000 Class B Units of Opco (and corresponding shares of Class B Common Stock) that are subject to forfeiture if the underwriter in the Issuer's initial public offering of units does not exercise its over-allotment option.