LEDECKY JONATHAN J 4
4 · Northern Star Investment Corp. II · Filed Apr 9, 2024
Insider Transaction Report
Form 4
Northern Star II Sponsor LLC
10% Owner
Transactions
- Conversion
Class A Common Stock
2024-04-08+58,333→ 9,766,667 total(indirect: By LLC) - Conversion
Class B Common Stock
2024-04-08−58,333→ 0 total(indirect: By LLC)Exercise: $0.00→ Class A Common Stock (58,333 underlying)
Footnotes (2)
- [F1]These shares are owned directly by Northern Star II Sponsor LLC, a ten percent owner of the issuer, and indirectly by its managing member, Jonathan Ledecky, the Issuer's President and Chief Operating Officer and a director on its Board of Directors. Mr. Ledecky disclaims beneficial ownership of the securities held by Northern Star II Sponsor LLC, except to the extent of his pecuniary interest therein.
- [F2]The Class B Common Stock converts 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.