3//SEC Filing
Provident Acquisition Holdings Ltd. 3
Accession 0000950103-21-000225
CIK 0001830531other
Filed
Jan 6, 7:00 PM ET
Accepted
Jan 7, 9:07 PM ET
Size
20.5 KB
Accession
0000950103-21-000225
Insider Transaction Report
Form 3
Hoffmann Andrew Joseph
Director
Holdings
- (indirect: See Footnotes)
Class B Ordinary Shares
→ Class A Ordinary Shares (5,640,000 underlying)
Provident Acquisition Holdings Ltd.
Director10% Owner
Holdings
- (indirect: See Footnotes)
Class B Ordinary Shares
→ Class A Ordinary Shares (5,640,000 underlying)
Kartono Winato
Director
Holdings
- (indirect: See Footnotes)
Class B Ordinary Shares
→ Class A Ordinary Shares (5,640,000 underlying)
Beng Michael Aw Soon
Director
Holdings
- (indirect: See Footnotes)
Class B Ordinary Shares
→ Class A Ordinary Shares (5,640,000 underlying)
Footnotes (3)
- [F1]The Class B Ordinary Shares of the Issuer ("Class B Shares") will automatically convert into Class A Ordinary Shares of the Issuer ("Class A Shares") on a one-for-one basis (subject to certain adjustments, including for share sub-divisions, share capitalizations, reorganizations, recapitalizations and other transactions) concurrently with or immediately following the consummation of the Issuer's initial business combination, as described in the section entitled "Description of Securities" in the Issuer's Registration Statement on Form S-1/A (File No. 333-251571) filed with the Securities and Exchange Commission on December 31, 2020. The Class B Shares have no expiration date.
- [F2]Reflects Class B Shares held by Provident Acquisition Holdings Ltd. (the "Sponsor"). Any actions (including voting and dispositive decisions) by the Sponsor with respect to the reported securities are made by the Board of Directors of the Sponsor, which consists of three individuals--Winato Kartono, Michael Aw Soon Beng and Andrew Joseph Hoffmann. Each director has one vote, and the approval of two of the three directors of the Sponsor's Board of Directors is required to approve any action of the Sponsor. Each of Messrs. Kartono, Beng and Hoffmann are also shareholders of the Sponsor and members of the Issuer's Board of Directors.
- [F3]Under the so-called "rule of three," if voting and dispositive decisions regarding an entity's securities are made by two or more individuals, and a voting and dispositive decision requires the approval of a majority of those individuals, then none of the individuals is deemed a beneficial owner of the entity's securities. Therefore, none of Messrs. Kartono, Beng or Hoffmann exercises voting or dispositive control over any of the securities held by the Sponsor, even those in which he holds any direct or indirect pecuniary interest. Accordingly, none of them are be deemed to have or share beneficial ownership over the reported securities, and the filing of this Form 3 shall not be deemed an admission that any of Messrs. Kartono, Beng or Hoffmann have or share beneficial ownership over the reported securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise.
Documents
Issuer
Provident Acquisition Corp.
CIK 0001830531
Entity typeother
IncorporatedCayman Islands
Related Parties
1- filerCIK 0001838682
Filing Metadata
- Form type
- 3
- Filed
- Jan 6, 7:00 PM ET
- Accepted
- Jan 7, 9:07 PM ET
- Size
- 20.5 KB