Joseph A. Porrello - Apr 8, 2022 Form 4 Insider Report for Benessere Capital Acquisition Corp. (BENE)

Role: Director
Signature: /s/ Joseph A. Porrello
Stock symbol: BENE
Transactions as of: Apr 8, 2022
Transactions value $: $0
Form type: 4
Date filed: 4/12/2022, 06:21 PM
Previous filing: Dec 13, 2021

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	+2.5K		$0.00	2.5K	Apr 8, 2022	Class A Common Stock	2.5K		Direct	F1, F2

* 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 election of the Reporting Person as director of the issuer, 2,500 shares of Class B common stock were transferred by ARC Global Investments LLC (the "Sponsor") to the Reporting Person.

Content

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.

As contemplated in connection with the election of the Reporting Person as director of the issuer, 2,500 shares of Class B common stock were transferred by ARC Global Investments LLC (the "Sponsor") to the Reporting Person.