Kapoor Sunir 4
4 · McLaren Technology Acquisition Corp. · Filed Nov 9, 2021
Insider Transaction Report
Form 4
Kapoor Sunir
Director
Transactions
- Other
Class B Common Stock
2021-11-05+40,000→ 40,000 total(indirect: see footnote)
Footnotes (2)
- [F1]As described in the Issuer's registration statement on Form S-1 (File No. 333-259339) (the "Registration Statement") under the heading "Description of Securities," the shares of Class B common stock, par value $0.0001 per share ("Class B Common Stock") of the Issuer, will automatically convert into shares of Class A common stock, par value $0.0001 per share, at the time of the Issuer's initial business combination, on a one-for-one basis, subject to certain adjustments described therein.
- [F2]Mr. Kapoor has an indirect pecuniary interest in shares of Class B Common Stock through his ownership of membership interests of McLaren Technology Acquisition Sponsor LLC (the "Sponsor"), over which the reporting person does not have voting or dispositive control. Pursuant to a Transfer Agreement entered into on November 5, 2021, by and between the Sponsor and Mr. Kapoor, the Sponsor granted the allocation of 40,000 shares of Class B Common Stock beneficially owned by the Sponsor to Mr. Kapoor for his services rendered to the Issuer.