Arena Fortify Sponsor LLC - 09 Nov 2021 Form 3 Insider Report for Arena Fortify Acquisition Corp.

Role
10%+ Owner
Signature
/s/ Kieran Goodwin, as Manager
Issuer symbol
N/A
Transactions as of
09 Nov 2021
Net transactions value
$0
Form type
3
Filing time
09 Nov 2021, 20:28:33 UTC
Next filing
20 Dec 2022
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
holding AFAC Class B common stock 09 Nov 2021 Class A common stock 3,591,000 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 As described in the issuer's registration statement on Form S-1 (File No. 333-254532) under the heading "Description of Securities-Founder Shares," the shares of Class B common stock, par value $0.0001 per share, will automatically convert into shares of Class A common stock, 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 stock splits, stock dividends, 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 person include up to 472,500 shares that are subject to forfeiture to the extent the underwriters of the initial public offering of the issuer's securities do not exercise in full their over-allotment option as described in the issuer's registration statement.
F3 Kieran Goodwin is the president and manager of the reporting person, and has sole voting and dispositive power over the securities held by the reporting person and therefore may be deemed to have beneficial ownership of the securities held directly by the reporting person. Mr. Goodwin disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.