Insurance Acquisition Sponsor III, LLC 3
3 · INSU ACQUISITION CORP III · Filed Dec 17, 2020
Insider Transaction Report
Form 3
Holdings
Class B common stock
→ Class A common stock (2,660,000 underlying)Warrants
Exercise: $11.50→ Class A common stock (191,666 underlying)- 575,000
Class A common stock
Footnotes (5)
- [F1]These shares underlie 575,000 units of the issuer that the reporting person has irrevocably committed to purchase.
- [F2]The Class B shares will automatically convert into Class A shares at the time of the issuer's initial business combination on a one-for-one basis, subject to certain adjustments described in the issuer's charter documents and have no expiration date.
- [F3]The warrants will become exercisable at the later of 30 days after the consummation of the issuer's initial business combination or 12 months from the completion of the issuer's initial public offering.
- [F4]The warrants will expire five years after the consummation of the issuer's initial business combination or earlier upon redemption of all of the issuer's outstanding Class A shares or the issuer's liquidation.
- [F5]These warrants underlie 575,000 units of the issuer that the reporting person has irrevocably committed to purchase.