Marquee Raine Acquisition Sponsor LP - Oct 15, 2021 Form 4 Insider Report for Marquee Raine Acquisition Corp. (ENJY)

Role
10%+ Owner
Signature
See Exhibit 99.1
Stock symbol
ENJY
Transactions as of
Oct 15, 2021
Transactions value $
$0
Form type
4
Date filed
10/18/2021, 04:39 PM
Next filing
Oct 27, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ENJY Common Stock Conversion of derivative security $0 +9.27M $0.00 9.27M Oct 15, 2021 Direct F1, F2, F3, F4, F5

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 ENJY Class B Ordinary Shares Conversion of derivative security -9.27M -100% 0 Oct 15, 2021 Common Stock 9.27M Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Marquee Raine Acquisition Sponsor LP 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 is being filed by the following Reporting Persons: Marquee Raine Acquisition Sponsor LP (the "Sponsor"), Marquee Raine Acquisition Sponsor GP Ltd. ("Marquee Raine GP"), Raine Holdings AIV LLC ("Raine Holdings AIV"), Raine SPAC Holdings LLC ("Raine SPAC Holdings"), Raine RR SPAC SPV I LLC ("Raine RR SPAC SPV I"), Ricketts SPAC Investment LLC ("Ricketts SPAC Investment") and Marquee Sports Holdings SPAC 1, LLC ("Marquee Sports Holdings").
F2 In connection with the Issuer's business combination (the "Business Combination"), pursuant to that certain Agreement and Plan of Merger, dated as of April 28, 2021, among Marquee Raine Acquisition Corp., MRAC Merger Sub Corp. and Enjoy Technology Inc., as amended, the Issuer domesticated as a Delaware corporation, and the Reporting Persons' Class B ordinary shares, which were previously convertible into Class A ordinary shares, converted into shares of common stock simultaneously with the closing of the Business Combination.
F3 Under certain circumstances, up to 2,201,250 shares of common stock are subject to forfeiture if certain stock price levels are not achieved on or before the tenth anniversary of the Business Combination.
F4 Marquee Raine GP is the general partner of Sponsor. Raine Holdings AIV is the sole member of Raine SPAC Holdings, which, in turn, is the sole member of Raine RR SPAC SPV I, which owns a 50% interest in each of Marquee Raine GP and Sponsor. Ricketts SPAC Investment is the manager of Marquee Sports Holdings, which owns a 50% interest in each of Marquee Raine GP and Sponsor. Because of the relationships among the Reporting Persons, the Reporting Persons may be deemed to beneficially own the securities reported herein to the extent of their respective pecuniary interests. Each Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein, if any.
F5 Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), this filing shall not be deemed an admission that the Reporting Persons are, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owners of any equity securities in excess of their respective pecuniary interests.

Remarks:

See Exhibit 99.1 for Joint Filer Information and Signatures incorporated herein by reference.