3//SEC Filing
Disruptive Acquisition Sponsor I, LLC 3
Accession 0000950103-21-004474
CIK 0001838831other
Filed
Mar 22, 8:00 PM ET
Accepted
Mar 23, 8:33 PM ET
Size
6.3 KB
Accession
0000950103-21-004474
Insider Transaction Report
Form 3
Holdings
Class B Ordinary Shares
Exercise: $0.00→ Class A Ordinary Shares (7,052,500 underlying)
Footnotes (4)
- [F1]The Class B ordinary shares will automatically convert into Class A ordinary shares on a one-for-one basis for no additional consideration concurrently with or immediately following the consummation of the initial business combination by the Issuer, subject to the adjustments described in the Issuer's prospectus on Form S-1 filed on March 8, 2021 (the "Prospectus"). The Class B ordinary shares have no expiration date.
- [F2]Up to 937,500 of these Class B ordinary shares will be surrendered in the event the underwriters for the Issuer's initial public offering do not exercise in full their overallotment option in connection with that offering, all as described in the Prospectus.
- [F3]Disruptive Acquisition Sponsor I, LLC, (the "Sponsor") is the record holder of such shares.
- [F4]Alexander J. Davis, Phillip C. Caputo and David M. Tarnowski are members of the Sponsor's board of managers. Each manager has one vote, and the approval of a majority of them is required to approve an action of the Sponsor. Under the so-called "rule of three," if voting and dispositive decisions regarding an entity's securities are made by three or more individuals, and a voting and dispositive decision requires the approval of a majority of them, then none of them is deemed a beneficial owner of the entity's securities. Therefore, none of the Sponsor's managers exercises voting or dispositive control over any of the securities held by it, even those in which he directly holds a pecuniary interest. Accordingly, none of them will be deemed to have or share beneficial ownership of such shares and, for the avoidance of doubt, each of them expressly disclaims any such beneficial interest to the extent of any pecuniary interest he may have therein, directly or indirectly.
Documents
Issuer
Disruptive Acquisition Corp I
CIK 0001838831
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001843812
Filing Metadata
- Form type
- 3
- Filed
- Mar 22, 8:00 PM ET
- Accepted
- Mar 23, 8:33 PM ET
- Size
- 6.3 KB