Slam Sponsor, LLC - Mar 11, 2022 Form 4/A - Amendment Insider Report for Slam Corp. (SLAM)

Role: 10%+ Owner
Signature: /s/ Himanshu Gulati, as authorized signatory
Stock symbol: SLAM
Transactions as of: Mar 11, 2022
Transactions value $: $1,800,000
Form type: 4/A - Amendment
Date filed: 3/17/2022, 07:49 PM
Date Of Original Report: Mar 11, 2022
Next filing: Feb 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	SLAM	Class B ordinary shares	Conversion of derivative security	$1.8M	+30K	+0.12%	$60.00^*	25.6M	Mar 11, 2022	Class A ordinary shares	30K		Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	This Amended Form 4 is being filed to correctly reflect the exempt exercise by Slam Sponsor, LLC (the "Sponsor"), of a right to acquire the reported securities, which transaction was inadvertently reported as a market purchase on the original Form 4 filed by the Sponsor on March 11, 2022. In this regard, the reported transaction represents the exempt exercise of an option to repurchase 30,000 Class B ordinary shares (the "Class B Shares") previously sold by the Sponsor to Jagdeep Singh pursuant to that certain Securities Assignment Agreement dated January 31, 2021, between the Sponsor, the Issuer and Jagdeep Singh, which provided the Sponsor with an option to repurchase the Class B Shares upon Jagdeep Singh's resignation from the Issuer's board of directors prior to vesting, at the original $60 purchase price (approximately $0.002 per share) paid by Jagdeep Singh.
F2	As described in the Issuer's registration statement on Form S-1 (File No. 333-252727) under the heading "Description of Securities-Founder Shares", the Class B ordinary shares, par value $0.0001, will automatically convert into Class A ordinary shares, par value $0.0001, of the issuer at the time of the Issuer's initial business combination transaction 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.

Content

This Amended Form 4 is being filed to correctly reflect the exempt exercise by Slam Sponsor, LLC (the "Sponsor"), of a right to acquire the reported securities, which transaction was inadvertently reported as a market purchase on the original Form 4 filed by the Sponsor on March 11, 2022. In this regard, the reported transaction represents the exempt exercise of an option to repurchase 30,000 Class B ordinary shares (the "Class B Shares") previously sold by the Sponsor to Jagdeep Singh pursuant to that certain Securities Assignment Agreement dated January 31, 2021, between the Sponsor, the Issuer and Jagdeep Singh, which provided the Sponsor with an option to repurchase the Class B Shares upon Jagdeep Singh's resignation from the Issuer's board of directors prior to vesting, at the original $60 purchase price (approximately $0.002 per share) paid by Jagdeep Singh.

As described in the Issuer's registration statement on Form S-1 (File No. 333-252727) under the heading "Description of Securities-Founder Shares", the Class B ordinary shares, par value $0.0001, will automatically convert into Class A ordinary shares, par value $0.0001, of the issuer at the time of the Issuer's initial business combination transaction 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.