Insight Acquisition Sponsor LLC - Sep 7, 2021 Form 4 Insider Report for Insight Acquisition Corp. /DE (INAQ)

Role: 10%+ Owner
Signature: Insight Acquisition Sponsor LLC, /s/ Jeff Gary, By: Jeff Gary, Managing Member
Stock symbol: INAQ
Transactions as of: Sep 7, 2021
Transactions value $: -$5,400
Form type: 4
Date filed: 9/9/2021, 05:07 PM
Previous filing: Sep 1, 2021
Next filing: Oct 20, 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
transaction	INAQ	Class B common stock, $0.0001 par value per share	Sale	-$5.4K	-1.35M	-19.57%	$0.00^*	5.55M	Sep 7, 2021	Class A common stock, $0.0001 par value per share	1.35M		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.

Content

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.

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.