Canaan X L.P. - Dec 31, 2021 Form 4 Insider Report for Astra Space, Inc. (ASTR)

Role: 10%+ Owner
Signature: Canaan X L.P., By: Canaan Partners X LLC, its general partner, By: /s/ Nancy Levenson, Attorney-in-Fact
Stock symbol: ASTR
Transactions as of: Dec 31, 2021
Transactions value $: $0
Form type: 4
Date filed: 1/4/2022, 04:15 PM
Previous filing: Jul 19, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ASTR	Class A Common Stock	Other		-4.2M	-20.3%		16.5M	Dec 31, 2021	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Canaan X L.P. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	On December 31, 2021, Canaan X L.P. (the "Canaan Fund") distributed, for no consideration, 4,200,000 shares of Class A Common Stock of the Issuer (the "Shares") to its limited partners and to Canaan Partners X LLC ("Canaan X"), the general partner of the Canaan Fund, representing each such partner's pro rata interest in the Shares held by the Canaan Fund. On the same date, Canaan X distributed, for no consideration, the Shares it received from the distribution to its members in an amount equal to each such member's pro rata interest in the Shares. The aforementioned distributions were made in accordance with the exemptions afforded by Rule 16a-13 and Rule 16a-9 of the Securities Exchange Act of 1934, as amended.
F2	These reported securities are held directly by the Canaan Fund. Canaan X is the sole general partner of the Canaan Fund and may be deemed to have sole voting, investment and dispositive power with respect to the shares held by the Canaan Fund. Investment and voting decisions with respect to the shares held by the Canaan Fund are made by the managers of Canaan X, collectively. Canaan X disclaims Section 16 beneficial ownership of the securities held by the Canaan Fund, except to the extent of its pecuniary interest therein, if any.

Content

On December 31, 2021, Canaan X L.P. (the "Canaan Fund") distributed, for no consideration, 4,200,000 shares of Class A Common Stock of the Issuer (the "Shares") to its limited partners and to Canaan Partners X LLC ("Canaan X"), the general partner of the Canaan Fund, representing each such partner's pro rata interest in the Shares held by the Canaan Fund. On the same date, Canaan X distributed, for no consideration, the Shares it received from the distribution to its members in an amount equal to each such member's pro rata interest in the Shares. The aforementioned distributions were made in accordance with the exemptions afforded by Rule 16a-13 and Rule 16a-9 of the Securities Exchange Act of 1934, as amended.

These reported securities are held directly by the Canaan Fund. Canaan X is the sole general partner of the Canaan Fund and may be deemed to have sole voting, investment and dispositive power with respect to the shares held by the Canaan Fund. Investment and voting decisions with respect to the shares held by the Canaan Fund are made by the managers of Canaan X, collectively. Canaan X disclaims Section 16 beneficial ownership of the securities held by the Canaan Fund, except to the extent of its pecuniary interest therein, if any.