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

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
Issuer symbol: N/A
Transactions as of: 23 Nov 2021
Net transactions value: $0
Form type: 3
Filing time: 23 Nov 2021, 20:11:48 UTC
Previous filing: 19 Oct 2021
Next filing: 21 Sep 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	BRD	Class A Common Stock						1,250	23 Nov 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							23 Nov 2021	Class A Common Stock	5,750,000		See footnote	F1, F2, F3
holding	BRD	Class A Units of Beard Energy Transition Acquisition Holding							23 Nov 2021	Class A Common Stock	1,250		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