Cascadia Acquisition Sponsor LLC 4
4 · Cascadia Acquisition Corp. · Filed Oct 13, 2021
Insider Transaction Report
Form 4
Cascadia Acquisition Sponsor LLC
10% Owner
Transactions
- Disposition to Issuer
Class B Common Stock
2021-10-11−562,500→ 2,737,500 total→ Class A Common Stock (562,500 underlying)
Footnotes (3)
- [F1]As described in the issuer's registration statement on Form S-1 (File No. 333-258515) (the "Registration Statement") under the heading "Description of Securities-Founders Shares," the shares of Class B common stock, par value $0.0001 per share, of the issuer will automatically convert into shares of Class A common stock, par value $0.0001 per share, of the issuer upon the consummation of the issuer's initial business combination on a one-for-one basis, subject to certain adjustment, and have no expiration date.
- [F2]Cascadia Acquisition Sponsor LLC (the "Sponsor") forfeited 562,500 shares of Class B common stock to the issuer for no consideration, which was exempted pursuant to Rule 16b-3(e) under the Securities Exchange Act of 1934, as amended, in connection with the underwriters' election not to exercise their over-allotment option.
- [F3]The Sponsor is managed by its managers, Michael Butler, Chairman of the Board of the issuer, and Jamie Boyd, Chief Executive Officer of the issuer. Each of Mr. Butler and Mr. Boyd has voting and investment discretion with respect to the common stock held by the Sponsor. As such, each of Mr. Butler and Mr. Boyd may be deemed to share beneficial ownership of the shares of Class B common stock held by the Sponsor. Each of Mr. Butler and Mr. Boyd disclaims any beneficial ownership of any shares held by the Sponsor except to the extent of his ultimate pecuniary interest.