Spindletop Health Sponsor Group, LLC - Nov 3, 2021 Form 3 Insider Report for Spindletop Health Acquisition Corp. (SCHAU)

Role
10%+ Owner
Signature
/s/ Evan S. Melrose
Stock symbol
SCHAU
Transactions as of
Nov 3, 2021
Transactions value $
$0
Form type
3
Date filed
11/3/2021, 08:59 PM
Next filing
Nov 12, 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
holding SCHAU Class B Common Stock Nov 3, 2021 Class A Common Stock 5.53M Direct F1, F2, F3
* 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 will automatically convert into shares of Class A common stock at the time of the Issuer's initial business combination or earlier at the option of the holder as described under the heading "Description of Securities--Founder Shares" in the Issuer's registration statement on Form S-1 (File No. 333-254531), on a one-for-one basis, subject to adjustment for stock splits, stock capitalizations, reorganizations, recapitalizations and the like, and certain anti-dilution rights and have no expiration date.
F2 The shares of Class B common stock owned by the reporting persons include up to 750,000 shares that are subject to forfeiture in the event the underwriters of the offering do not exercise in full their over-allotment option as described in the Registration Statement.
F3 Spindletop Health Sponsor Group, LLC is the record holder of the shares reported herein. Evan S. Melrose is manager of Spindletop Health Sponsor Group, LLC, and hold voting and dispositive power over the shares held by Spindletop Health Sponsor Group, LLC. Mr. Melrose disclaims beneficial ownership of these shares except to the extent of its or their respective pecuniary interest therein.