Aaker Jennifer 4
4 · Solid Power, Inc. · Filed Dec 10, 2021
Insider Transaction Report
Form 4
Aaker Jennifer
Director
Transactions
- Conversion
Class A Common Stock
2021-12-08+40,000→ 40,000 total - Conversion
Class B Common Stock
2021-12-08−40,000→ 0 total→ Class A Common Stock (40,000 underlying) - Other
Warrants (right to buy)
2021-12-08$1.50/sh−33,257$49,886→ 33,257 totalExercise: $11.50From: 2022-03-26→ Class A Common Stock (33,257 underlying)
Footnotes (3)
- [F1]In connection with the closing of the business combination between Decarbonization Plus Acquisition Corporation III ("DCRC"), DCRC Merger Sub Inc. and Solid Power, Inc. on December 8, 2021, the Reporting Person's shares of Class B Common Stock automatically converted into shares of Class A Common Stock on a one-for-one basis. Upon consummation of the business combination, DCRC changed its name to "Solid Power, Inc."
- [F2]The shares of Class B Common Stock were (i) convertible into shares of Class A Common Stock at the Reporting Person's election on a one-for-one basis and (ii) automatically convertible into shares of Class A Common Stock at the time of DCRC's initial business combination on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights (which rights were waived by the Reporting Person in connection with DCRC's proposed business combination), and had no expiration date.
- [F3]The warrants will expire on December 8, 2026, five years after the completion of the issuer's initial business combination which occurred on December 8, 2021, or earlier upon redemption or liquidation.