Sinclair David 4
4 · Frontier Acquisition Corp. · Filed Mar 20, 2023
Insider Transaction Report
Form 4
GERSON RICK MATTHEW
DirectorCo-President
Transactions
- Disposition to Issuer
Class A ordinary shares
2023-03-16−660,000→ 0 total - Disposition to Issuer
Class A ordinary shares
2023-03-16$10.20/sh−2,400,000$24,480,000→ 0 total(indirect: By Alpha Wave Ventures, LP) - Disposition to Issuer
Class B ordinary shares
2023-03-16−120,000→ 0 total→ Class A ordinary shares (120,000 underlying)
Footnotes (3)
- [F1]In connection with the liquidation and dissolution of the Issuer, Frontier Acquisition Sponsor LLC ("Sponsor") surrendered to the Issuer, for no consideration, 660,000 of the Issuer's Private Placement Units (which include the reported Class A ordinary shares) directly held by Sponsor. Sponsor is controlled by Rick Gerson.
- [F2]The reported securities were redeemed by the Issuer pursuant to a redemption of all Class A ordinary shares in connection with the Issuer's liquidation. The reported securities were directly held by Alpha Wave Ventures, LP, an investment entity managed by Alpha Wave Global, LP ("Alpha Wave"). Rick Gerson is the Chairman and Chief Investment Officer of Alpha Wave.
- [F3]As described in the Issuer's registration statement on Form S-1 (File No. 333-253264) under the heading "Description of Securities--Founder Shares", the Class B ordinary shares would have automatically converted into Class A ordinary shares of the Issuer at the time of the Issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to adjustment for share splits, share capitalizations, reorganizations, recapitalizations and the like, and certain anti-dilution rights and have no expiration date. In connection with the liquidation and dissolution of the Issuer, each of Jonathan Christodoro, Peter Attia, and David A. Sinclair surrendered to the Issuer, for no consideration, 40,000 Class B ordinary shares directly held by such reporting persons.