Warburg Pincus Capital Corp I-B Sponsor, L.P. - Aug 25, 2021 Form 4 Insider Report for Warburg Pincus Capital Corp I-B (WPCB)

Signature
See signatures included in Exhibit 99.1
Stock symbol
WPCB
Transactions as of
Aug 25, 2021
Transactions value $
-$70
Form type
4
Date filed
8/26/2021, 04:20 PM
Previous filing
Jun 22, 2021
Next filing
Mar 14, 2023

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 WPCB Class B ordinary shares Sale -$70 -35K -0.26% $0.00* 13.6M Aug 25, 2021 Class A ordinary shares 35K 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. 333-253212) under the heading "Description of Securities -- Founder Shares", the Class B ordinary shares will automatically convert into Class A ordinary shares, par value $0.0001 per share, of the issuer at the time of the issuer's initial business combination, on a one-for-one basis, subject to adjustment for share splits, share capitalizations, reorganizations, recapitalizations and the like, and certain anti-dilution rights and have no expiration date.
F2 The reporting person is controlled by Warburg Pincus Capital Corporation GP LLC ("GP"), its general partner. Warburg Pincus Partners II (Cayman), L.P. ("LP") is the managing member of GP and may be deemed to have or share beneficial ownership of the Class B Shares. Warburg Pincus (Bermuda) Private Equity GP Ltd. is the general partner of LP and may be deemed to have or share beneficial ownership of the Class B Shares.