Herson Michael 4
4 · TKB Critical Technologies 1 · Filed Jun 30, 2023
Insider Transaction Report
Form 4
Herson Michael
Director
Transactions
- Conversion
Class B Ordinary Shares
2023-06-28−6,250→ 0 total→ Class A Ordinary Shares (6,250 underlying) - Conversion
Class A Ordinary Shares
2023-06-28+6,250→ 6,250 total - Other
Class B Ordinary Shares
2023-06-28−18,750→ 6,250 total→ Class A Ordinary Shares (18,750 underlying)
Footnotes (3)
- [F1]In accordance with the amended and restated memorandum and articles of association of TKB Critical Technologies 1 ("TKB"), the Reporting Person elected to convert 6,250 Class B Ordinary Shares into Class A Ordinary Shares on a one-for-one basis for no consideration.
- [F2]The Class B Ordinary Shares are (i) convertible into Class A Ordinary Shares at the Reporting Person's election on a one-for-one basis and (ii) automatically convertible into Class A Ordinary Shares at the time of the closing of the Issuer's initial business combination on a one-for-one basis, in each case subject to adjustment pursuant to certain anti-dilution rights, and have no expiration date.
- [F3]On June 25, 2023, the Reporting Person entered into a Securities Transfer Agreement with certain third party buyers named therein ("Buyers"), the Issuer, TKB Sponsor I LLC and each other independent director of the Issuer, pursuant to which, on June 28, 2023, the Reporting Person sold 18,750 Cass B Ordinary Shares to Buyers for no consideration.