Khan Fawad Tariq - Mar 1, 2022 Form 3 Insider Report for SHUAA Partners Acquisition Corp I (SHUA)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Ellen Reeder, as Attorney-in-Fact
Stock symbol
SHUA
Transactions as of
Mar 1, 2022
Transactions value $
$0
Form type
3
Date filed
3/1/2022, 07:09 PM

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 SHUA Class B ordinary shares Mar 1, 2022 Class A ordinary shares 2.8M SHUAA SPAC Sponsor I LLC F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 As described in SHUAA Partners Acquisition Corp I's (the "Issuer") registration statement on Form S-1 (File No. 333-261889) under the heading "Description of Securities-Class B ordinary shares", the Class B ordinary shares, par value $0.0001 per share (the "Class B Shares"), will automatically convert into Class A ordinary shares, par value $0.0001 per share, of the Issuer at the time of the Issuer's initial business combination on a one-for-one basis, subject to adjustment for share splits, share capitalizations, reorganizations, recapitalizations and the like, and certain anti-dilution rights and have no expiration date.
F2 The Class B Shares beneficially owned by the reporting person include up to 375,000 shares that are subject to forfeiture to the extent the underwriters of the initial public offering of the Issuer's securities do not exercise in full their over-allotment option as described in the Issuer's registration statement.
F3 The securities reported herein are held by SHUAA SPAC Sponsor I LLC (the "Sponsor"). The reporting person controls the Sponsor, and as such has voting and investment discretion with respect to the securities held by the Sponsor and may be deemed to have beneficial ownership of the securities held directly by the Sponsor. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney