Baker Joseph Andrew 4
4 · Authentic Equity Acquisition Corp. · Filed Aug 4, 2021
Insider Transaction Report
Form 4
Baker Joseph Andrew
Director
Transactions
- Other
Class B Ordinary Shares
2021-08-03$100.00/sh−25,000$2,500,000→ 0 total→ Class A Ordinary Shares (25,000 underlying)
Footnotes (2)
- [F1]As described in the issuer's registration statement on Form S-1 (File No. 333-251575) under the heading "Description of Securities-Founder Shares", the Class B ordinary shares, par value $0.0001, will automatically convert into Class A ordinary shares, par value $0.0001, of the issuer at the time of the issuer's initial business combination transaction on a one-for-one basis, subject to adjustment for share splits, share capitalizations, reorganizations, recapitalizations and the like, and certain anti-dilution rights and will have no expiration date.
- [F2]In connection with Joseph Baker's resignation as an independent director of the issuer, Authentic Equity Sponsor LLC (the "Sponsor") repurchased 25,000 Class B ordinary shares of the issuer from Mr. Baker for $100.00, or $0.004 per share.