Michael Evan Singer - Oct 18, 2021 Form 4 Insider Report for Insight Acquisition Corp. /DE (INAQ)

Role
Executive Chairman, Director, 10%+ Owner
Signature
/s/ Michael Evan Singer
Stock symbol
INAQ
Transactions as of
Oct 18, 2021
Transactions value $
$0
Form type
4
Date filed
10/20/2021, 06:00 PM
Previous filing
Sep 9, 2021
Next filing
Sep 19, 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 INAQ Class B common stock, $0.0001 par value per share Other $0 -900K -16.22% $0.00 4.65M Oct 18, 2021 Class A common stock, $0.0001 par value per share 900K See footnote F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to the subscription agreement between the Company and Insight Acquisition Sponsor LLC (the "Sponsor"), 900,000 shares of Class B common stock were forfeited to the Issuer since the underwriters did not exercise their over-allotment option in the Issuer's initial public offering of units.
F2 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.
F3 The shares are held directly by 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.