4//SEC Filing
LHAC Sponsor LLC 4
Accession 0001062993-21-002597
CIK 0001841948other
Filed
Mar 10, 7:00 PM ET
Accepted
Mar 11, 4:06 PM ET
Size
8.4 KB
Accession
0001062993-21-002597
Insider Transaction Report
Form 4
LHAC Sponsor LLC
10% Owner
Transactions
- Other
Class B common stock, $0.0001 par value per share
2021-03-09−183,454→ 5,566,546 total→ Class A common stock, $0.0001 par value per share (183,454 underlying) - Purchase
Class A common stock, $0.0001 par value per share
2021-03-09$10.00/sh+45,324$453,240→ 685,324 total
Footnotes (4)
- [F1]Additional shares of Class A common stock, par value $0.0001 per share, purchased by the reporting person in a private placement concurrently with the issuer's initial public offering, in connection with the underwriters' partial exercise of its over-allotment option.
- [F2]The shares are held directly by the issuer's sponsor, LHAC Sponsor LLC (the "Sponsor"). The managing member of the Sponsor is KEB II LLC, the members of which are Eric Hippeau, Kenneth Lerer and Benjamin Lerer. Each of Mssrs. Hippeau, Lerer and Lerer have joint voting and dispositive power over the shares held by the Sponsor and disclaim beneficial ownership over any securities owned by the Sponsor in which they do not have any pecuniary interest.
- [F3]As described in the issuer's registration statement on Form S-1 (File No. 333-253066) under the heading "Description of Securities--Founder Shares," the shares of Class B common stock, par value $0.0001 per share, of the issuer will automatically convert into shares of Class A common stock, par value $0.0001 per share, of the issuer at the time of the issuer's initial business combination on a one-for-one basis, subject to certain adjustments, and have no expiration date.
- [F4]Reflects the cancellation by the issuer of 183,454 shares of Class B common stock, $0.0001 par value per share, which were automatically surrendered to the issuer for no consideration by the reporting person pursuant to contractual arrangements with the issuer, triggered by the election by the underwriters of the issuer's initial public offering to partially exercise their option to purchase additional shares and surrender their right to purchase the remainder of the option shares.
Issuer
Lerer Hippeau Acquisition Corp.
CIK 0001841948
Entity typeother
Related Parties
1- filerCIK 0001842130
Filing Metadata
- Form type
- 4
- Filed
- Mar 10, 7:00 PM ET
- Accepted
- Mar 11, 4:06 PM ET
- Size
- 8.4 KB