David OConnor - Mar 3, 2023 Form 4 Insider Report for ARCTOS NORTHSTAR ACQUISITION CORP. (ANAC)

Role
Director and Chairman of the Board, Director, 10%+ Owner
Signature
/s/ John Vedro as attorney in fact for David O'Connor
Stock symbol
ANAC
Transactions as of
Mar 3, 2023
Transactions value $
$0
Form type
4
Date filed
3/7/2023, 03:37 PM

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 ANAC Class B ordinary shares Disposed to Issuer $0 -7.81M -100% $0.00 1 Mar 3, 2023 Class A ordinary shares 7.81M Arctos NorthStar Acquisition Holdings, LLC F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Class B ordinary shares ("Class B Shares") would have automatically converted into Class A ordinary shares of the Issuer at the time of the Issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, with no expiration date.
F2 This Form 4 reflects the surrender to the Issuer of 7,806,249 Class B Shares for no consideration by the Sponsor (as defined below) pursuant to the Share Surrender Letter, dated March 3, 2023, by and between the Issuer and the Sponsor.
F3 The securities reported on this Form 4 are held by Arctos NorthStar Acquisition Holdings, LLC (the "Sponsor"). The Reporting Person 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. The Reporting Person disclaims beneficial ownership of the securities reported hereby except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purposes.

Remarks:

Director and Chairman of the Board