5:01 Acquisition LLC 3
3 · 5:01 Acquisition Corp. · Filed Oct 13, 2020
Insider Transaction Report
Form 3
5:01 Acquisition LLC
10% Owner
Holdings
Class B Common Stock
Exercise: $0.00→ Class A Common Stock (2,300,000 underlying)
Footnotes (2)
- [F1]As described in the issuer's registration statement on Form S-1 (File No. 333-249036) under the heading "Description of Securities - Founder Shares and Private Shares", the shares of Class B common stock 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 for stock splits, stock capitalizations, reorganizations, recapitalizations and the like, and certain anti-dilution rights and have no expiration date.
- [F2]The shares of Class B common stock owned by the Reporting Person includes up to 300,000 shares that are subject to forfeiture in the event the underwriters of the initial public offering of the issuer's securities do not exercise in full their over-allotment option as described in the issuer's registration statement.