Shahraab Ahmad - Jan 19, 2022 Form 4 Insider Report for Atlantic Coastal Acquisition Corp. II (ACAB)

Role
Chairman and CEO, Director, 10%+ Owner
Signature
By: /s/ Shahraab Ahmad, Attorney-in-Fact for Atlantic Coastal Acquisition Management II LLC
Stock symbol
ACAB
Transactions as of
Jan 19, 2022
Transactions value $
$0
Form type
4
Date filed
1/19/2022, 05:06 PM
Previous filing
Jan 13, 2022
Next filing
Mar 6, 2023

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 ACAB Series B Common Stock, par value $0.0001 per share Other $0 -50K -0.69% $0.00 7.2M Jan 19, 2022 Series A Common Stock, par value $0.0001 per share 50K See Footnote F1, F2, F3
transaction ACAB Series B Common Stock, par value $0.0001 per share Other $0 -3.75K -0.05% $0.00 7.2M Jan 19, 2022 Series A Common Stock, par value $0.0001 per share 3.75K See Footnote F1, F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Series B common stock are convertible into the Issuer's Series A common stock on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights, as described under the heading "Description of Securities-Common Stock" in the Issuer's registration statement on Form S-1 (File No. 333-261459) (the "Registration Statement") and have no expiration date.
F2 Atlantic Coastal Acquisition Management II LLC is the record holder of the securities reported herein. Shahraab Ahmad is the sole and managing member of Atlantic Coastal Acquisition Management II LLC and shares voting and investment discretion with respect to the securities held of record by Atlantic Coastal Acquisition Management II LLC. Mr. Ahmad disclaims any beneficial ownership of the securities held by Atlantic Coastal Acquisition Management II LLC.
F3 As contemplated in connection with services provided by Apeiron Investment Group ("Apeiron") as an advisor to the Issuer and as described in the Registration Statement, 50,000 shares of Series B common stock were transferred by Atlantic Coastal Acquisition Management II LLC to Apeiron.
F4 As contemplated in connection with the initial public offering of the Issuer, 3,750 shares of Series B common stock were returned by Atlantic Coastal Acquisition Management II LLC to the Issuer for no consideration and cancelled because the underwriters' over-allotment option was partially exercised and the remaining portion of the option would not be exercised by the underwriters.