Peridot Acquisition Sponsor II, LLC - Mar 13, 2023 Form 4 Insider Report for Peridot Acquisition Corp. II (PDOT)

Signature
/s/ See signatures included in Exhibit 99.1
Stock symbol
PDOT
Transactions as of
Mar 13, 2023
Transactions value $
$0
Form type
4
Date filed
3/13/2023, 04:15 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 PDOT Class B Ordinary Shares Disposed to Issuer $0 -10.1M -100% $0.00* 0 Mar 13, 2023 Class A Ordinary Shares 10.1M Direct F1, F2, F3
transaction PDOT Class B Ordinary Shares Disposed to Issuer $0 -90K -100% $0.00* 0 Mar 13, 2023 Class A Ordinary Shares 90K Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Peridot Acquisition Sponsor II, LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 The Class B ordinary shares ("Class B Shares") would have automatically converted into the Issuer's Class A ordinary shares at the time of the Issuer's initial business combination, or earlier at the option of the subject holder, on a one-for-one basis, with no expiration date.
F2 In connection with the liquidation and dissolution of the Issuer, Peridot Acquisition Sponsor II, LLC ("Sponsor") surrendered to the Issuer, for no consideration, 10,121,368 Class B Shares directly held by Sponsor. CEC Aventurine Holdings, LLC ("Peridot Holdings") shares voting and/or dispositive control over the securities held by the Sponsor. Peridot Holdings is controlled by Carnelian Energy Capital III, L.P. ("Carnelian Fund III"), its sole member. Carnelian Fund III is controlled by its general partner, Carnelian Energy Capital GP III, L.P. ("Carnelian L.P.") and Carnelian L.P. is controlled by its general partner Carnelian Energy Capital Holdings, LLC ("Carnelian Holdings"). Messrs. Tomas Ackerman and Daniel Goodman are the controlling members of Carnelian Holdings. Accordingly, all of the shares held by the Sponsor may be deemed to be
F3 (Continued from footnote 2) beneficially held by Peridot Holdings, Carnelian Fund III, Carnelian L.P., Carnelian Holdings and Messrs. Ackerman and Goodman. Each such reporting person under this Form 4 disclaims beneficial ownership of the Class B Shares reported herein except to the extent of their respective pecuniary interest therein and the filing of this Form 4 shall not be construed as an admission that any such reporting person is the beneficial owner of any Class B Shares covered by this Form 4.
F4 In connection with the liquidation and dissolution of the Issuer, each of Alan Levande, June Yearwood and Scott Prochazka surrendered to the Issuer, for no consideration, 30,000 Class B Shares directly held by such reporting persons.

Remarks:

This "Exit" Form 4 is filed to report that, following the Issuer's dissolution on March 13, 2023, each of the Reporting Persons is no longer subject to Section 16 reporting.