FTAC Parnassus Advisors, LLC 3
3 · FTAC Parnassus Acquisition Corp. · Filed Mar 11, 2021
Insider Transaction Report
Form 3
FTAC Parnassus Advisors, LLC
10% Owner
Holdings
Class B common shares
→ Class A common shares (7,183,333 underlying)
Footnotes (2)
- [F1]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.
- [F2]The Class B common shares held by the reporting person were acquired pursuant to a securities assignment agreement by and between the reporting person and FTAC Parnassus Sponsor, LLC. The Class B common shares owned by the reporting person include up to 1,100,000 shares that are subject to forfeiture in the event the underwriters of the issuer's initial public offering do not exercise in full their over-allotment option.