Brent de Jong - Jun 28, 2022 Form 4 Insider Report for Kalera Public Ltd Co (KALRQ)

Role: Director
Signature: /s/ Austin Martin, under Power of Attorney
Stock symbol: KALRQ
Transactions as of: Jun 28, 2022
Transactions value $: $61,718,750
Form type: 4
Date filed: 7/1/2022, 06:05 AM
Previous filing: Jul 8, 2021
Next filing: Feb 7, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KALRQ	Common Stock	Award		+1.8M			1.8M	Jun 28, 2022	See Footnote	F1, F3

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	KALRQ	Warrants	Other	$61.7M	+6.17M		$10.00^*	6.17M	Jun 28, 2022	Common Stock	6.17M	$11.50	See Footnote	F2, F3

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

Explanation of Responses:

Id	Content
F1	Pursuant to the business combination of Agrico Acquisition Corp. ("Agrico"), Figgreen Limited and Kalera AS ("Legacy Kalera"), each share of Legacy Kalera held by the reporting person was converted into the right to receive a number shares of the Issuer's Common Stock based on the exchange ratio of 0.181 in accordance with the terms of the business combination agreement.
F2	Such warrants become exercisable on the later of (i) the closing of the transactions contemplated under the business combination agreement, or (ii) 12 months from the date of the closing of the Agrico IPO.
F3	Held by DJCAAC LLC. Brent de Jong is sole managing member of DJCAAC LLC and has voting and investment discretion with respect to the ordinary shares held of record by DJCAAC LLC. Mr. de Jong disclaims any beneficial ownership of any shares held by DJCAAC LLC, except to the extent of his pecuniary interest therein.