4//SEC Filing
Concord Sponsor Group III LLC 4
Accession 0001104659-23-119628
CIK 0001851961other
Filed
Nov 16, 7:00 PM ET
Accepted
Nov 17, 6:00 PM ET
Size
8.7 KB
Accession
0001104659-23-119628
Insider Transaction Report
Form 4
Concord Sponsor Group III LLC
10% Owner
Transactions
- Conversion
Class B Common Stock
2023-11-16−7,957,726→ 1 total→ Class A Common Stock (7,957,726 underlying) - Conversion
Class A Common Stock
2023-11-16+7,957,726→ 7,957,726 total
Footnotes (3)
- [F1]Represents shares of Class A common stock of the Issuer acquired upon conversion of shares of Class B common stock of the Issuer at the Reporting Person's election.
- [F2]The shares are held directly by the Reporting Person. The Reporting Person is governed by a board of managers consisting of three managers, Bob Diamond, David Schamis and Jeff Tuder. Any action by the Reporting Person with respect to the issuer or the issuer's securities held by the Reporting Person, including voting and dispositive decisions, requires at least a majority vote of the managers of the board of managers. Under the so-called "rule of three", because voting and dispositive decisions are made by a majority of the managers, none of the managers is deemed to be a beneficial owner of issuer's securities held by the Sponsor, even those in which such manager holds a pecuniary interest. Accordingly, none of the managers on the Reporting Person's board of managers is deemed to have or share beneficial ownership of the founder shares held by the Reporting Person.
- [F3]The shares of Class B common stock have no expiration date and will automatically convert into shares of Class A common stock 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 as set forth in the Issuer's registration statement on Form S-1 (File No. 333-254789).
Documents
Issuer
Concord Acquisition Corp III
CIK 0001851961
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001891676
Filing Metadata
- Form type
- 4
- Filed
- Nov 16, 7:00 PM ET
- Accepted
- Nov 17, 6:00 PM ET
- Size
- 8.7 KB