Insight Acquisition Sponsor LLC - Oct 18, 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: Oct 18, 2021
Transactions value $: $0
Form type: 4
Date filed: 10/20/2021, 06:01 PM
Previous 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
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 the Reporting Person, 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 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.