SHUAA SPAC Sponsor I LLC - Mar 15, 2022 Form 4 Insider Report for SHUAA Partners Acquisition Corp I (SHUA)

Role
10%+ Owner
Signature
/s/ Fawad Tariq Khan, as Authorized Person
Stock symbol
SHUA
Transactions as of
Mar 15, 2022
Transactions value $
$0
Form type
4
Date filed
3/16/2022, 04:48 PM
Previous filing
Mar 1, 2022
Next filing
Jun 5, 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 SHUA Class B Ordinary Shares Other -159K -5.68% 2.64M Mar 15, 2022 Class A Ordinary Shares 159K Direct 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 ordinary 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 This Form 4 reflects the cancellation by the Issuer of 158,750 Class B ordinary shares, which were automatically surrendered to the Issuer for no consideration by the reporting person pursuant to contractual arrangements with the Issuer, triggered by the partial forfeiture by the underwriters of the Issuer's initial public offering to exercise their option to purchase additional units.
F3 This Form 4 is being filed by SHUAA SPAC Sponsor I LLC (the "Sponsor"). Fawad Tariq Khan 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.