Jennifer Aaker - 08 Dec 2021 Form 4 Insider Report for Solid Power, Inc. (SLDP)

Role
Director
Signature
Jennifer Aaker, /s/ Peter Haskopoulos, Attorney-in-fact
Issuer symbol
SLDP
Transactions as of
08 Dec 2021
Net transactions value
-$49,886
Form type
4
Filing time
10 Dec 2021, 19:37:29 UTC
Previous filing
10 Aug 2021
Next filing
14 Jan 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SLDP Class A Common Stock Conversion of derivative security +40,000 40,000 08 Dec 2021 Direct F1

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 SLDP Class B Common Stock Conversion of derivative security -40,000 -100% 0 08 Dec 2021 Class A Common Stock 40,000 Direct F1, F2
transaction SLDP Warrants (right to buy) Other $49,886 -33,257 -50% $1.50 33,257 08 Dec 2021 Class A Common Stock 33,257 $11.50 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Jennifer Aaker is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 In connection with the closing of the business combination between Decarbonization Plus Acquisition Corporation III ("DCRC"), DCRC Merger Sub Inc. and Solid Power, Inc. on December 8, 2021, the Reporting Person's shares of Class B Common Stock automatically converted into shares of Class A Common Stock on a one-for-one basis. Upon consummation of the business combination, DCRC changed its name to "Solid Power, Inc."
F2 The shares of Class B Common Stock were (i) convertible into shares of Class A Common Stock at the Reporting Person's election on a one-for-one basis and (ii) automatically convertible into shares of Class A Common Stock at the time of DCRC's initial business combination on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights (which rights were waived by the Reporting Person in connection with DCRC's proposed business combination), and had no expiration date.
F3 The warrants will expire on December 8, 2026, five years after the completion of the issuer's initial business combination which occurred on December 8, 2021, or earlier upon redemption or liquidation.