Kevin Hartz - Dec 8, 2020 Form 4 Insider Report for Markforged Holding Corp (MKFG)

Signature
/s/ Stephen Karp, Attorney-in-Fact
Stock symbol
MKFG
Transactions as of
Dec 8, 2020
Transactions value $
-$632,088
Form type
4
Date filed
2/25/2022, 05:00 PM
Previous filing
Feb 25, 2022
Next filing
Jan 4, 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 MKFG Class B Ordinary Shares Disposed to Issuer -$1.77K -444K -20% $0.00* 1.77M Dec 8, 2020 Class A Common Shares 444K See footnotes F1, F2, F3
transaction MKFG Class B Ordinary Shares Disposed to Issuer -$157 -39.2K -20% $0.00* 157K Dec 8, 2020 Class A Common Shares 39.2K See footnotes F1, F2, F4
transaction MKFG Class B Ordinary Shares Disposed to Issuer -$157 -39.2K -20% $0.00* 157K Dec 8, 2020 Class A Common Shares 39.2K See footnotes F1, F2, F5
transaction MKFG Warrant to Purchase Class A Ordinary Shares (right to buy) Disposed to Issuer -$536K -268K -25% $2.00 803K Dec 8, 2020 Class A Common Shares 268K $11.50 See footnotes F2, F3, F5, F6
transaction MKFG Warrant to Purchase Class A Ordinary Shares (right to buy) Disposed to Issuer -$47.3K -23.6K -25% $2.00 70.9K Dec 8, 2020 Class A Common Shares 23.6K $11.50 See footnotes F2, F4, F5, F6
transaction MKFG Warrant to Purchase Class A Ordinary Shares (right to buy) Disposed to Issuer -$47.3K -23.6K -25% $2.00 70.9K Dec 8, 2020 Class A Common Shares 23.6K $11.50 See footnotes F2, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares will automatically convert into Class A ordinary shares at the time of the Issuer's initial business combination.
F2 Prior to the date of the transactions in this report, the Reporting Person transferred his membership interest in A-Star LLC, the Issuer's sponsor and the direct owner of the securities reported herein ("A-Star"), to the trusts described in the footnotes below. The total number of securities that the Reporting Person may be deemed to beneficially own did not change as a result of these transfers. On December 8, 2020, A-Star admitted an additional member, in connection with which membership interests were transferred at the original purchase cost of the underlying securities. The Reporting Person disclaims beneficial ownership of the reported securities other than to the extent of any pecuniary interest he may have therein, directly or indirectly.
F3 Reflects the proportionate amount of securities the Reporting Person may be deemed to beneficially own in his capacity as co-trustee of the Hartz Family Revocable Trust, which is a member of A-Star.
F4 Reflects the proportionate amount of securities the Reporting Person may be deemed to beneficially own in his capacity as trustee of The Kevin Earnest Hartz 2020 Annuity Trust U/A/D, which is a member of A-Star.
F5 Reflects the proportionate amount of securities the Reporting Person may be deemed to beneficially own in connection with his spouse being a trustee of The Julia D. Hartz 2020 Annuity Trust U/A/D, which is a member of A-Star.
F6 The warrants are exercisable for shares of Class A ordinary shares beginning on the later of 30 days after the closing of the Issuer's initial business combination and the first anniversary of its initial public offering and expire on the fifth anniversary of the Issuer's initial business combination.