Frank W. Bruno - 30 Sep 2021 Form 4 Insider Report for Cerberus Telecom Acquisition Corp.

Role: Director, 10%+ Owner
Signature: /s/ William Kloos, Attorney-in-Fact for Frank W. Bruno
Issuer symbol: N/A
Transactions as of: 30 Sep 2021
Net transactions value: $0
Form type: 4
Filing time: 30 Sep 2021, 10:58:41 UTC
Next filing: 28 Feb 2025
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	CTAC	Class B ordinary shares	Disposed to Issuer		-600,000	-9.3%		5,879,225	30 Sep 2021	Class A ordinary shares	600,000		See Footnote	F1, F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Frank W. Bruno is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	This Form 4 reflects the automatic surrender to the issuer of 600,000 of the issuer's Class B ordinary shares, par value $0.0001 per share, for no consideration by Cerberus Telecom Acquisition Holdings, LLC's ("Sponsor") in connection with that certain Second Amendment to the Merger Agreement dated as of September 21, 2021.
F2	As described in the issuer's registration statement on Form S-1 (File No. 333- 249291) 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, or earlier at the option of the holder, on a one-for-one basis, subject to adjustment for share subdivisions, share capitalizations, reorganizations, recapitalizations and the like, and certain anti-dilution rights and have no expiration date.
F3	The securities reported herein are held by the Sponsor. The reporting person and Stephen A. Feinberg control the Sponsor, and as such have voting and investment discretion with respect to the securities held by the Sponsor and may be deemed to have beneficial ownership of the securities held directly by the Sponsor. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.