Evan Melrose - Nov 8, 2021 Form 4 Insider Report for Spindletop Health Acquisition Corp. (SCHAU)

Role
CEO and CFO, Director
Signature
/s/ Evan Melrose
Stock symbol
SCHAU
Transactions as of
Nov 8, 2021
Transactions value $
$12,600,000
Form type
4
Date filed
11/12/2021, 05:24 AM
Previous filing
Nov 3, 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 SCHAU Private Warrants Purchase $12.6M +12.6M $1.00* 12.6M Nov 8, 2021 Class A Common Stock 12.6M $11.50 By Spindletop Health Sponsor Group, LLC F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Private Warrants will become exercisable on the later of 30 days after the completion of the Company's initial business combination or 12 months from the completion of the Company's initial public offering.
F2 The Private Warrants will expire on the fifth anniversary of the Company's completion of its initial business combination.
F3 The Private Warrants are held directly by Spindletop Health Sponsor Group, LLC (the "Sponsor"). The Private Warrants held by the Sponsor are beneficially owned by Dr. Evan Melrose, Spindletop Health Acquisition Corp.'s Chief Executive Officer and Chief Financial Officer. Dr. Melrose is also the Manager of the Sponsor, who has sole voting and dispositive power over all securities held by the Sponsor.