LEDECKY JONATHAN J 4
4 · Northern Star Investment Corp. II · Filed Jan 3, 2023
Insider Transaction Report
Form 4
Northern Star II Sponsor LLC
10% Owner
Transactions
- Conversion
Class A Common Stock
2022-12-30+9,708,334→ 9,708,334 total(indirect: By LLC) - Conversion
Class B Common Stock
2022-12-30−9,708,334→ 0 total(indirect: By LLC)Exercise: $0.00→ Class A Common Stock (9,708,334 underlying)
Footnotes (2)
- [F1]The Class B Common Stock will convert into Class A Common Stock upon the earlier of (1) request by the holder or (2) automatically at the time of the Issuer's initial business combination. Such conversion shall be on a one-for-one basis, subject to adjustment. The Class B Common Stock has no exercise or conversion price, nor expiration date.
- [F2]These shares are owned directly by Northern Star II Sponsor LLC, a ten percent owner of the issuer, and indirectly by its managing members, Jonathan Ledecky, the Issuer's President and Chief Operating Officer, and Joanna Coles, the Issuer's Chief Executive Officer and Chairperson of the Board of Directors. Each of Mr. Ledecky and Ms. Coles disclaim beneficial ownership of the securities held by Northern Star II Sponsor LLC, except to the extent of his/her pecuniary interest therein.