FTAC Parnassus Sponsor, LLC 3
3 · FTAC Parnassus Acquisition Corp. · Filed Mar 11, 2021
Insider Transaction Report
Form 3
FTAC Parnassus Sponsor, LLC
10% Owner
Holdings
Warrants
Exercise: $11.50→ Class A common shares (86,250 underlying)- 345,000
Class A common shares
Class B common shares
→ Class A common shares (1,480,000 underlying)
Footnotes (5)
- [F1]These shares underlie 345,000 units of the issuer that the reporting person has irrevocably committed to purchase.
- [F2]The Class B common shares will automatically convert into Class A common 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 common shares or the issuer's liquidation.
- [F5]These warrants underlie 345,000 units of the issuer that the reporting person has irrevocably committed to purchase.