Bennett Rhett 4
4 · Metals Acquisition Corp · Filed Dec 27, 2022
Insider Transaction Report
Form 4
Bennett Rhett
Director
Transactions
- Disposition to Issuer
Class B Ordinary Shares
2022-12-23−20,000→ 170,000 total(indirect: See Footnote)→ Class A Ordinary Shares (20,000 underlying)
Footnotes (3)
- [F1]The Class B Ordinary Shares will automatically convert into shares of the Issuer's Class A Ordinary Shares at the time of the Issuer's initial business combination on a one-for-one basis, subject to adjustment, as described under the heading "Description of Securities" in the Issuer's registration statement on Form S-1 (File No. 333-257854) (the "Registration Statement") and have no expiration date.
- [F2]In connection with certain adjustments to executive compensation of the Issuer, the shares reported herein were transferred by Green Mountain Metals LLC ("GMM"), the beneficial owner of the shares reported herein, as executive compensation.
- [F3]GMM is the beneficial owner of the shares reported herein. Black Mountain Storage LLC, an entity 100% owned by the Reporting Person, ("BMS") holds 170,000 Class B units in GMM, which entitles BMS to an equivalent number of the Issuer's Class B Ordinary Shares on distribution.