Tamar Elkeles - Jun 30, 2021 Form 3 Insider Report for G3 VRM Acquisition Corp. (GGGV)

Role: Director
Signature: /s/ Tamar Elkeles
Stock symbol: GGGV
Transactions as of: Jun 30, 2021
Transactions value $: $0
Form type: 3
Date filed: 6/30/2021, 06:21 PM
Next filing: Oct 4, 2021

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	GGGV	Class B Common Stock, par value $0.0001 per share							Jun 30, 2021	Class A Common Stock, par value $0.0001 per share	20K		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	As described in the Issuer's registration statement on Form S-1 (File No. 333-255226) under the heading "Description of Securities--Founder Shares and Private Placement Shares", the shares of Class B common stock will automatically convert into shares of Class A common stock at the time of the Issuer's initial business combination, or at any time prior thereto at the option of the holder, on a one-for-one basis, subject to certain adjustments described therein and have no expiration date.
F2	These shares will be forfeited if Ms. Elkeles does not remain on the Board of Directors through the date of the Company's initial business combination.

Content

As described in the Issuer's registration statement on Form S-1 (File No. 333-255226) under the heading "Description of Securities--Founder Shares and Private Placement Shares", the shares of Class B common stock will automatically convert into shares of Class A common stock at the time of the Issuer's initial business combination, or at any time prior thereto at the option of the holder, on a one-for-one basis, subject to certain adjustments described therein and have no expiration date.

These shares will be forfeited if Ms. Elkeles does not remain on the Board of Directors through the date of the Company's initial business combination.