Jeff Gary - Sep 1, 2021 Form 3 Insider Report for Insight Acquisition Corp. /DE (INAQ)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
JEFF GARY, By: /s/ Jeff Gary
Stock symbol
INAQ
Transactions as of
Sep 1, 2021
Transactions value $
$0
Form type
3
Date filed
9/1/2021, 06:00 PM
Next filing
Sep 9, 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 INAQ Class B common stock, $0.0001 par value per share Sep 1, 2021 Class A common stock, $0.0001 par value per share 6.9M See footnote F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares of Class B common stock are convertible for shares of the Issuer's Class A common stock as described under the heading "Description of Securities" in the Issuer's Registration Statement on Form S-1(File No. 333-258727) (the "Registration Statement") and have no expiration date. The shares of Class B common stock beneficially owned by the Reporting Persons include up to 900,000 shares of Class B common stock subject to forfeiture to the Issuer depending on the extent to which the underwriters' over-allotment option is exercised in connection with the Issuer's initial public offering of units, as described in the Registration Statement.
F2 The shares are held directly by the issuer's sponsor, Insight Acquisition Sponsor LLC (the "Sponsor"). The managing members of the Sponsor are Jeff Gary and Michael Singer. Each of Mssrs. Gary and Singer have joint voting and dispositive power over the shares held by the sponsor and disclaim beneficial ownership over any securities owned by the sponsor in which they do not have any pecuniary interest.

Remarks:

Exhibit 24 - Power of Attorney