ARC Global Investments LLC - 08 Apr 2022 Form 4 Insider Report for Benessere Capital Acquisition Corp.

Role
10%+ Owner
Signature
/s/ Patrick Orlando, as Managing Member of ARC Global Investments LLC
Issuer symbol
N/A
Transactions as of
08 Apr 2022
Net transactions value
$0
Form type
4
Filing time
12 Apr 2022, 18:19:45 UTC
SEC
View on sec.gov

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 BENE Class B Common Stock Other $0 +833 +0.03% $0.000000 2,825,833 08 Apr 2022 Class A Common Stock 833 Direct F1, F2, F5
transaction BENE Class B Common Stock Other $0 -2,500 -0.09% $0.000000 2,823,333 08 Apr 2022 Class A Common Stock 2,500 Direct F1, F3, F5
transaction BENE Class B Common Stock Other $0 -2,500 -0.09% $0.000000 2,820,833 08 Apr 2022 Class A Common Stock 2,500 Direct F1, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 As described in the issuer's registration statement on Form S-1 (File No. 333-249814) (the "Registration Statement") under the heading "Description of Securities--Founder Shares and Placement Shares," the shares of Class B common stock, par value $0.0001 per share, will automatically be converted into shares of Class A common stock, par value $0.0001 per share, at the time of the issuer's initial business combination, on a one-for-one basis, subject to certain adjustments described therein and have no expiration date.
F2 As contemplated in connection with the resignation of John Fargis as a director of the issuer, 833 shares of Class B common stock were transferred by Mr. Fargis to ARC Global Investments LLC (the "Sponsor").
F3 As contemplated in connection with the election of Mr. Rene Gerardo Sagebien as a director of the issuer, 2,500 shares of Class B common stock were transferred by the Sponsor to Mr. Sagebien.
F4 As contemplated in connection with the election of Mr. Joseph A. Porello as a director of the issuer, 2,500 shares of Class A common stock were transferred by the Sponsor to Mr. Porello.
F5 The Sponsor is the record holder of the shares reported herein. Mr. Orlando is the managing member of the Sponsor and may be deemed the beneficial owner of the shares held by the Sponsor. Mr. Orlando disclaims beneficial ownership over any securities in which he does not have a pecuniary interest.