Athena Technology Sponsor LLC 3
3 · Athena Technology Acquisition Corp. · Filed Mar 16, 2021
Insider Transaction Report
Form 3
Athena Technology Sponsor LLC
10% Owner
Holdings
Class B Common Stock
→ Class A Common Stock (9,816,667 underlying)
Footnotes (3)
- [F1]As described in the registrant's registration statement on Form S-1 (File No. 333-252812) under the heading "Description of Securities--Founder Shares", the shares of Class B common stock will automatically convert into shares of Class A common stock at the time of the registrant's initial business combination, or earlier at the option of the holder, on a one-for-one basis subject to certain adjustments and have no expiration date.
- [F2]These shares represent the Class B common stock held by Athena Technology Sponsor LLC (the "Sponsor"), acquired pursuant to a subscription agreement by and between the Sponsor and the registrant. The Class B common stock owned by the Sponsor includes up to 1,250,000 shares that are subject to forfeiture in the event the underwriters of the initial public offering of the registrant's securities do not exercise in full their over-allotment option as described in the registrant's registration statement on Form S-1.
- [F3]The Sponsor is the record holder of the shares reported herein. Ms. Freidheim and Ms. Newhouse are the managing members of the Sponsor and may be deemed to have or share the beneficial ownership of the securities held by the Sponsor. Ms. Freidheim and Ms. Newhouse disclaim beneficial ownership over any securities in which they do not have a pecuniary interest.