Baker Timothy C. 4
4 · RCF Acquisition Corp. · Filed May 10, 2023
Insider Transaction Report
Form 4
Baker Tim C.
Director
Transactions
- Conversion
Class B Ordinary Shares
2023-05-09−30,000→ 0 total→ Class A Ordinary Shares (30,000 underlying) - Conversion
Class A Ordinary Shares
2023-05-09+30,000→ 30,000 total
Footnotes (2)
- [F1]In accordance with the amended and restated memorandum and articles of association of RCF Acquisition Corp. ("RCFA"), Timothy Baker elected to convert his Class B ordinary shares of RCFA, par value $0.0001 per share (the "Class B Ordinary Shares") into Class A ordinary shares of RCFA, par value $0.0001 per share (the "Class A Ordinary Shares") on a one-for-one basis for no consideration.
- [F2]The Class B Ordinary Shares were (i) convertible into Class A Ordinary Shares at the Mr. Baker's election on a one-for-one basis and (ii) automatically convertible into Class A Ordinary Shares at the time of the closing of RCFA's initial business combination on a one-for-one basis, in each case subject to adjustment pursuant to certain anti-dilution rights, and had no expiration date.