Robert A. Coleman - Aug 16, 2021 Form 4 Insider Report for Spire Global, Inc. (SPIR)

Role
Other*
Signature
/s/ Robert A. Coleman
Stock symbol
SPIR
Transactions as of
Aug 16, 2021
Transactions value $
$5,000,000
Form type
4
Date filed
8/18/2021, 08:10 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPIR Class A Common Stock Conversion of derivative security $0 +2.83M $0.00 2.83M Aug 16, 2021 Direct F1
transaction SPIR Class A Common Stock Award $5M +500K $10.00 500K Aug 16, 2021 Direct F2

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 SPIR Class B Common Stock Other $0 +2.83M $0.00 2.83M Aug 16, 2021 Class A Common Stock 2.83M $0.00 Direct F1, F3
transaction SPIR Class B Common Stock Conversion of derivative security $0 -2.83M -100% $0.00* 0 Aug 16, 2021 Class A Common Stock 2.83M $0.00 Direct F1
transaction SPIR Private Placement Warrants Other $0 +3.3M $0.00 3.3M Aug 16, 2021 Class A Common Stock 3.3M $11.50 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Robert A. Coleman is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 On August 16, 2021, NavSight Holdings, Inc. consummated its business combination with Spire Global, Inc. (the "Closing"). In connection with the Closing, the issuer changed its legal name to Spire Global, Inc. (the "Issuer") and the shares of Class B common stock held by Mr. Coleman automatically converted into shares of Class A common stock on a one-for-one basis and have no expiration date.
F2 Represents shares acquired at Closing in connection with the Private Investment in Public Equity (PIPE).
F3 Six4 Holdings, LLC ("Six4") was the holder of record of 5,667,500 shares of the Issuer's Class B common stock, which shares were indirectly beneficially owned by Mr. Coleman. Immediately prior to the Closing, Six4 transferred 2,833,750 shares directly to Mr. Coleman for no consideration and the remaining 2,833,750 shares were transferred to Jack Pearlstein, which shares Mr. Coleman is not deemed to beneficially own.
F4 Represents Private Placement Warrants acquired from the Issuer by Six4 in connection with the Issuer's initial public offering and transferred to Mr. Coleman immediately prior to the Closing for no consideration. Each warrant, which was initially transferred at a price of $1.00 per warrant, is exercisable for one share of Class A common stock at an exercise price of $11.50 per share, subject to certain adjustments. The Private Placement Warrants are not redeemable by the Issuer and may not, subject to certain limited exceptions, be exercised until 30 days after the Closing. The Private Placement Warrants will expire upon the fifth anniversary of the Closing, at 5:00pm New York City time, or earlier upon redemption or liquidation.

Remarks:

Mr. Coleman was the Co-Founder, Chairman and Chief Executive Officer of the Issuer (formerly named NavSight Holdings, Inc.) and resigned prior to the Closing (defined below).