Shelter Sponsor LLC 4
4 · Shelter Acquisition Corp I · Filed Aug 16, 2021
Insider Transaction Report
Form 4
Shelter Sponsor LLC
10% Owner
Transactions
- Other
Class B common stock
2021-08-13−208,814→ 5,301,186 total→ Class A common stock (208,814 underlying)
Footnotes (3)
- [F1]This Form 4 reflects the automatic surrender to the issuer of 208,814 shares of the issuer's Class B common stock, par value $0.0001 per share ("Class B Shares"), for no consideration by the reporting person pursuant to contractual arrangements with the issuer, triggered by the expiration of the option of the underwriters of the issuer's initial public offering to purchase additional units.
- [F2]As described in the issuer's registration statement on Form S-1 (File No. 333-253213) under the heading "Description of Securities-Founder Shares", the Class B Shares will automatically convert into shares of Class A common stock, par value $0.0001 per share, of the issuer at the time of the issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to adjustment for stock splits, stock dividends, reorganizations, recapitalizations and the like, and certain anti-dilution rights and have no expiration date.
- [F3]Christopher Keber and John "Jack" Chandler; control the reporting person, and as such have voting and investment discretion with respect to, and may be deemed to have beneficial ownership of, the securities held directly by the reporting person.