Emerald ESG Sponsor, LLC 4
4 · FTAC Emerald Acquisition Corp. · Filed Jan 19, 2022
Insider Transaction Report
Form 4
Emerald ESG Sponsor, LLC
10% Owner
Transactions
- Other
Class B Common Stock, par value $0.0001
2022-01-14−60,598→ 4,349,402 total→ Class A Common Stock (60,598 underlying) - Purchase
Class A Common Stock, par value $0.0001
2022-01-14+86,081→ 976,081 total
Footnotes (3)
- [F1]The Reporting Person purchased 86,081 units of FTAC Emerald Acquisition Corp. (the "Issuer") in a private placement that closed in connection with the underwriter's partial exercise of its over-allotment option, for an aggregate purchase price of $860,810. 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]60,598 shares of Class B common stock were forfeited by Sponsor to the Issuer for no consideration and cancelled because the underwriters of the Issuer's initial public offering partially exercised their over-allotment.