Barran Trevor 4
4 · Lionheart Acquisition Corp. II · Filed Jul 7, 2021
Insider Transaction Report
Form 4
Barran Trevor
DirectorChief Operating Officer
Transactions
- Sale
Class A Common Stock
2021-07-04$10.00/sh−5,000$50,000→ 0 total - Sale
Class B Common Stock
2021-07-04−15,000→ 0 total→ Class A Common Stock (15,000 underlying) - Sale
Warrants to purchase Class A Common Stock
2021-07-04−2,500→ 0 totalExercise: $11.50→ Class A Common Stock (2,500 underlying)
Footnotes (4)
- [F1]In connection with Mr. Trevor Barran's resignation as a director and chief operating officer of the issuer, Mr. Barran disposed of all of the issuer's private placement units and Class B Common Stock held by Mr. Barran. Each private placement unit consists of one share of Class A Common Stock and one-half of one warrant, with each whole warrant entitling the holder thereof to purchase one Class A Common Stock at a price of $11.50 per share, subject to certain adjustments.
- [F2]As described in the issuer's registration statement on Form S-1 (File No. 333-240130) (the "Registration Statement"), the shares of Class B Common Stock will automatically convert into shares of Class A Common Stock at the time of the issuer's initial business combination on a one-for-one basis, subject to certain adjustments described therein and have no expiration date.
- [F3]The warrants become exercisable on the later of (i) 30 days after the completion of the issuer's initial business combination and (ii) August 18, 2021.
- [F4]The warrants expire five years after the completion of the issuer's initial business combination or earlier upon redemption or liquidation, as described in the Registration Statement.