Emerald ESG Sponsor, LLC 4
4 · FTAC Emerald Acquisition Corp. · Filed Dec 22, 2021
Insider Transaction Report
Form 4
Emerald ESG Sponsor, LLC
10% Owner
Transactions
- Purchase
Class A Common Stock, par value $0.0001
2021-12-20+890,000→ 890,000 total - Other
Class B Common Stock, par value $0.0001
2021-12-20−4,353,333→ 4,410,000 total→ Class A Common Stock (4,353,333 underlying)
Footnotes (3)
- [F1]The Reporting Person purchased 890,000 units of FTAC Emerald Acquisition Corp. (the "Issuer") in a private placement that closed simultaneously with the Issuer's initial public offering for an aggregate purchase price of $8,900,000. Each unit consists of one share of the Issuer's Class A Common Stock, par value $0.0001, and one-half of one redeemable warrant, as described under the heading "Description of Securities - Units - Placement Units" in the Issuer's registration statement on Form S-1 (File No. 333-261254).
- [F2]The Class B common stock will automatically convert into 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 in the Issuer's charter documents and has no expiration date.
- [F3]4,353,333 shares of Class B common stock held by the Reporting Person were distributed to its member, Emerald ESG Advisors, LLC ("Advisors"). The Class B common stock distributed to Advisors includes up to 726,194 shares of Class B common stock that are subject to forfeiture in the event the underwriter of the Issuer's initial public offering does not exercise in full its over-allotment option.