Supernova Partners III LLC - 06 May 2021 Form 4 Insider Report for Supernova Partners Acquisition Co III, Ltd.

Role
10%+ Owner
Signature
Supernova Partners III LLC, By: /s/ Michael S. Clifton, Manager
Issuer symbol
N/A
Transactions as of
06 May 2021
Net transactions value
$0
Form type
4
Filing time
10 May 2021, 15:56:43 UTC
SEC
View on sec.gov

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 STRE Class B Common Stock Other $0 -161,638 -2.3% $0.000000 6,882,112 06 May 2021 Class A Common Stock 161,638 See footnote F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Class B common stock will automatically convert into shares of Class A common stock at the at the time of the Issuer's initial business combination or earlier at the option of the holders thereof, on a one-for-one basis, subject to adjustment.
F2 Supernova Partners III LLC ("Sponsor") forfeited 161,638 Class B common stock to the Issuer for no consideration in connection with the underwriter's election not to exercise the remaining unused portion of the over-allotment option.
F3 Sponsor is the record holder of the warrants reported herein. Sponsor is governed by a board of managers consisting of four managers: Messrs. Rascoff, Klabin, Reid, and Clifton (the "Managers") and the approval of a majority of the Managers is required to approve any action of Sponsor. Each of the Managers disclaims beneficial ownership of the securities held of record by Sponsor.