OTR Acquisition Sponsor LLC 4
4 · OTR Acquisition Corp. · Filed May 10, 2022
Insider Transaction Report
Form 4
OTR Acquisition Sponsor LLC
10% Owner
Transactions
- Other
Warrants
2022-05-06−5,817,757→ 0 totalExercise: $11.50→ Class A Common Stock (5,817,757 underlying) - Other
Class B Common Stock
2022-05-06−1,305,920→ 1,305,918 total→ Class A Common Stock (1,305,920 underlying)
Footnotes (3)
- [F1]As described in the OTR Acquisition Corp.'s registration statement on Form S-1 (File No. 333-248093) under the heading "Description of Securities," the Class B common stock of the issuer will automatically convert into 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]On May 6, 2022, OTR Acquisition Sponsor LLC (the "Sponsor") transferred an aggregate of 1,305,920 shares of Class B common stock, par value U.S. $0.0001 per share, of OTR Acquisition Corp. ("Founder Shares") and 5,817,757 warrants previously held by the Sponsor to certain members of the Sponsor.
- [F3]The warrants are not exercisable until 30 days after the issuer's initial business combination and expire five years from the consummation of the issuer's initial business combination.