ALWA SPONSOR LLC 4
4 · Four Leaf Acquisition Corp · Filed Jun 2, 2023
Insider Transaction Report
Form 4
ALWA SPONSOR LLC
10% Owner
Transactions
- Disposition to Issuer
Class B Common Stock
2023-06-01−139,750→ 1,355,250 total→ Class A Common Stock (139,750 underlying)
Footnotes (2)
- [F1]As described in the issuer's registration statement on Form S-1 (File No. 333-267399) under the heading "Description of Securities," the shares of Class B common stock of the issuer will automatically convert into shares of Class A common stock of the issuer at the time of the issuer's initial business combination, on a one-for-one basis, subject to certain adjustments described therein, and have no expiration date.
- [F2]On June 1 2023, the Reporting Person forfeited 139,750 shares of Class B Common Stock to the Issuer for no consideration, which was exempted pursuant to Rule 16b-3(e) under the Securities Exchange Act of 1934, as amended, in connection with the expiration of the underwriters' over-allotment option on April 30, 2023. The forfeiture was not within the Sponsor's control as it occurred as a result of the underwriters' decision not to exercise the remaining portion of the overallotment option and occurred shortly after the expiration of the over-allotment exercise period.