Aesther Healthcare Sponsor, LLC 4
4 · Aesther Healthcare Acquisition Corp. · Filed Dec 16, 2021
Insider Transaction Report
Form 4
Aesther Healthcare Sponsor, LLC
10% Owner
Transactions
- Other
Class B common stock
2021-11-03−250,000→ 2,625,000 total→ Class A common stock (250,000 underlying)
Footnotes (3)
- [F1]This Form 4 reflects the automatic surrender to the issuer of 250,000 shares of the issuer's Class B common stock, par value $0.0001 per share ("Class B Shares"), for no consideration by Aesther Healthcare Sponsor, LLC (the "Sponsor") 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. 333-258012) 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, on a one-for-one basis, subject to certain adjustments described therein, and have no expiration date.
- [F3]Suren Ajjarapu is the managing member of the Sponsor and Chief Executive Officer of the Issuer. As such, Mr. Ajjarapu may be deemed to have beneficial ownership of such shares. Mr. Ajjarapu disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly.