Dyer Campbell R. 4
4 · EJF Acquisition Corp. · Filed Jun 22, 2022
Insider Transaction Report
Form 4
Dyer Campbell R.
Director
Transactions
- Disposition to Issuer
Class B ordinary shares
2022-06-22−40,000→ 0 total→ Class A ordinary shares (40,000 underlying)
Footnotes (2)
- [F1]As described in the prospectus for the initial public offering (File No. 333-252892) of EJF Acquisition Corp. ("EJFA") under the heading "Description of Securities--Founder Shares," the EJFA Class B ordinary shares were automatically convertible into EJFA Class A ordinary shares concurrently with, or immediately following, the consummation of EJFA's initial business combination on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights.
- [F2]On June 22, 2022, pursuant to an Agreement and Plan of Merger dated as of September 15, 2021 (the "Merger Agreement"), by among EJFA, Pagaya Technologies Ltd. ("Pagaya") and Rigel Merger Sub Inc., a wholly owned subsidiary of Pagaya ("Merger Sub"), Merger Sub merged with and into EJFA (the "Merger"), with EJFA surviving the Merger as a wholly-owned subsidiary of Pagaya. At the effective time of the Merger, each EJFA Class B ordinary share ceased to be outstanding and automatically converted into the right to receive one Class A ordinary share of Pagaya.