Callagy Morgan 4
4 · Revelstone Capital Acquisition Corp. · Filed Jan 14, 2022
Insider Transaction Report
Form 4
Callagy Morgan
DirectorCo-Chief Executive Officer
Transactions
- Other
Class B Common Stock
2022-01-13−57,130→ 550,361 total→ Class A Common Stock (57,130 underlying) - Other
Class B Common Stock
2022-01-13−22,500→ 495,000 total(indirect: See Footnote)→ Class A Common Stock (22,500 underlying)
Footnotes (3)
- [F1]As described in the issuer's registration statement on Form S-1 (File No. 333-261352) under the heading "Description of Securities," the shares of Class B common stock of the issuer will automatically convert into shares of Class A common stock of the issuer at the time of the issuer's initial business combination or earlier at the option of the holders thereof, on a one-for-one basis, subject to certain adjustments described therein, and have no expiration date.
- [F2]As contemplated in connection with the initial public offering of the Issuer, 22,500 shares of Class B Common Stock of the Issuer were returned by La Jolla Group, Inc., the record holder of the securities reported herein, of which the reporting person is a director, for no consideration and cancelled because the underwriters' over-allotment option was not exercised in full.
- [F3]La Jolla Group, Inc., is the record holder of the securities reported herein, of which the reporting person is a director. As a director of La Jolla Group, Inc., Mr. Callagy has voting and dispositive power over the securities held directly by La Jolla Group, Inc., and disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly.