Atlas Crest Investment LLC 4
4 · Atlas Crest Investment Corp. · Filed Dec 14, 2020
Insider Transaction Report
Form 4
Atlas Crest Investment LLC
10% Owner
Transactions
- Other
Class B Common Stock
2020-12-11−1,875,000→ 12,500,000 total→ Class A Common Stock (1,875,000 underlying)
Footnotes (2)
- [F1]As described in the registrant's registration statement on Form S-1 (File No. 333-249289) (the "Registration Statement") under the heading "Description of Securities--Founder Shares," the shares of Class B common stock, par value $0.0001 per share, will automatically convert into shares of Class A common stock, par value $0.0001 per share, at the time of the registrant's initial business combination, on a one-for-one basis, subject to certain adjustments described therein and have no expiration date.
- [F2]As contemplated in connection with the initial public offering of the registrant, 1,875,000 shares of Class B common stock were returned by the Reporting Person to the registrant for no consideration and cancelled because the underwriters' over-allotment option was not exercised in full.