Class Acceleration Sponsor LLC 3
3 · Class Acceleration Corp. · Filed Jan 14, 2021
Insider Transaction Report
Form 3
Class Acceleration Sponsor LLC
10% Owner
Holdings
Class B common stock
→ Class A common stock (6,468,750 underlying)
Footnotes (2)
- [F1]As described in the issuer's registration statement on Form S-1 (File No. 333-251826) under the heading "Description of Securities," the Class B common stock of the issuer will automatically convert into Class A common stock of the issuer at the time of the issuer's initial business combination or earlier at the option of the holders thereof, on a one-for-one basis, subject to certain adjustments described therein, and have no expiration date.
- [F2]These shares represent 6,468,750 shares of Class B common stock of the issuer held by the Reporting Person, including an aggregate of up to 843,750 shares subject to forfeiture by the Reporting Person to the extent that the underwriter's over-allotment is not exercised in full or in part.