Adit EdTech Sponsor, LLC 4
4 · Adit EdTech Acquisition Corp. · Filed Apr 20, 2023
Insider Transaction Report
Form 4
Adit EdTech Sponsor, LLC
10% Owner
Transactions
- Purchase
Common Stock
2023-04-18$10.33/sh+100$1,033→ 100 total(indirect: See footnote) - Purchase
Common Stock
2023-04-19$10.40/sh+600$6,240→ 700 total(indirect: See footnote)
Holdings
- 6,832,500
Common Stock
- 6,832,500
Common Stock
Footnotes (4)
- [F1]As described in the Issuer's registration statement on Form S-1 (File No. 333-251641) (the "Registration Statement") under the heading "Description of Securities--Founder Shares."
- [F2]Consists of 100 shares purchased by Adit Ventures LLC, which may be deemed to be controlled by the reporting person.
- [F3]There are five directors of the reporting person's board of directors. Any action by the reporting person, including voting and dispositive decisions, requires a vote of four out of the five directors of the board of directors. Under the so-called "rule of three," because voting and dispositive decisions are made by four out of the five directors of the board of directors, none of the directors is deemed to be a beneficial owner of shares held by the reporting person, even those in which he or she directly holds a pecuniary interest.
- [F4]Consists of 100 shares purchased by each of Adit Ventures II LLC, Adit Ventures III LLC, Adit Ventures IV LLC, Adit Growth Equity I, Adit Growth Equity II, and Adit Growth Equity III, each of which may be deemed to be controlled by the reporting person.