Gores Guggenheim Sponsor LLC - May 6, 2021 Form 4 Insider Report for Gores Guggenheim, Inc. (GGPI)

Role
Director, 10%+ Owner
Signature
By: /s/ Andrew McBride, Attorney-in-Fact
Stock symbol
GGPI
Transactions as of
May 6, 2021
Transactions value $
$0
Form type
4
Date filed
5/7/2021, 06:20 PM
Next filing
Jun 27, 2022

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
transaction GGPI Class F Common Stock, par value $0.0001 per share Disposed to Issuer $0 -1.56M -7.27% $0.00 19.9M May 6, 2021 Class A Common Stock, par value $0.0001 per share 1.56M Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to the Amended and Restated Certificate of Incorporation of Gores Guggenheim, Inc. (the "Issuer"), shares of Class F common stock, par value $0.0001 per share (the "Class F Shares") have no expiration date and (i) are convertible into shares of Class A common stock, par value $0.0001 per share ("Class A Shares"), of the Issuer at any time at the option of the holder on a one-for-one basis and (ii) will automatically convert into Class A Shares at the time of the Issuer's initial business combination on a one-for-one basis, in each case, subject to adjustment as described under the heading "Description of Securities-Founder Shares" in the Issuer's registration statement on Form S-1 (File No. 333-253338).
F2 The reporting person forfeited 1,562,500 Class F Shares to the Issuer for no consideration, which was exempted pursuant to Rule 16b-3(e), in connection with the underwriter's election not to exercise the remaining unused portion of the over-allotment option.
F3 Each of the reporting person's managing members may be deemed to beneficially own the Class F Shares owned directly by the reporting person and the Class A Shares into which such Class F Shares are convertible. Each managing member is filing a separate report on Form 3 to reflect its respective pecuniary interest in such securities.