5AK, LLC 4
4 · SHF Holdings, Inc. · Filed Sep 30, 2022
Insider Transaction Report
Form 4
5AK, LLC
10% Owner
Transactions
- Conversion
Class A common stock
2022-09-28+2,835,000→ 3,363,175 total - Conversion
Class B common stock
2022-09-28−2,835,000→ 0 total→ Class A common stock (2,835,000 underlying)
Footnotes (2)
- [F1]As described in the Issuer's registration statement on Form S-1 (File No. 333-256701), under the heading "Description of Securities," the 2,835,000 shares of the Issuer's Class B Common Stock held by the Reporting Person converted into shares of the Issuer's Class A Common Stock on a one-for-one basis upon consummation of the Issuer's initial business combination.
- [F2]This Form 3 is being filed by 5AK, LLC, the sponsor of the issuer (the "Sponsor"). John Darwin and Joshua Mann, the issuer's directors, are each a control person of the member and manager of the Sponsor, Luminous Capital Inc. Each of Messrs. Darwin and Mann may be deemed to beneficially own shares held by the Sponsor by virtue of each individual's control over the Sponsor. Messrs. Darwin and Mann each disclaims beneficial ownership of the shares of the issuer's Class B common stock held by the Sponsor, except to the extent of his respective pecuniary interest