Gregory A. Beard - Nov 23, 2021 Form 3 Insider Report for Beard Energy Transition Acquisition Corp. (BRD)

Role
Chairman of the Board and Chief Executive Officer Exhibit List: Exhibit 24 - Power of Attorney, Director, 10%+ Owner
Signature
/s/ Sarah James. As Attorney-in-Fact
Stock symbol
BRD
Transactions as of
Nov 23, 2021
Transactions value $
$0
Form type
3
Date filed
11/23/2021, 08:11 PM
Previous filing
Oct 19, 2021
Next filing
Sep 21, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding BRD Class A Common Stock 1.25K Nov 23, 2021 Direct

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 BRD Class B Units of Beard Energy Transition Acquisition Holding Nov 23, 2021 Class A Common Stock 5.75M See footnote F1, F2, F3
holding BRD Class A Units of Beard Energy Transition Acquisition Holding Nov 23, 2021 Class A Common Stock 1.25K Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 For each Class B Unit of Beard Energy Transition Acquisition Holdings LLC ("Opco"), the Reporting Person owns a corresponding share of the Issuer's Class V common stock. In connection with the Issuer's initial business combination, the Class B Units of Opco will convert into Class A Units of Opco on a one-for-one basis, subject to adjustment. The Class A Units of Opco (together with the corresponding shares of the Issuer's Class V common stock) will be exchangeable into shares of the Issuer's Class A common stock after the time of the Issuer's initial business combination on a one-for-one basis and have no expiration date.
F2 Includes 750,000 Class B Units of Opco (and corresponding shares of Class V Common Stock) that are subject to forfeiture if the underwriter in the Issuer's initial public offering of units does not exercise its over-allotment option.
F3 Beard Energy Transition Acquisition Sponsor LLC is the record holder of the shares reported herein. Mr. Beard is a managing member of Beard Energy Transition Acquisition Sponsor LLC. As such, Mr. Beard may be deemed to have or share beneficial ownership of the common stock held directly by Beard Energy Transition Acquisition Sponsor LLC.
F4 For each Class A Unit of Opco, the Reporting Person owns a corresponding share of the Issuer's Class V common stock. The Class A Units of Opco (together with the corresponding shares of the Issuer's Class V common stock) will be exchangeable into shares of the Issuer's Class A common stock after the time of the Issuer's initial business combination on a one-for-one basis and have no expiration date.

Remarks:

Chairman of the Board and Chief Executive Officer Exhibit List: Exhibit 24 - Power of Attorney