Warburg Pincus Capital Corp I-B Sponsor, L.P. - Mar 10, 2023 Form 4 Insider Report for Warburg Pincus Capital Corp I-B (WPCB)

Role
Director, 10%+ Owner
Signature
See signatures included in Exhibit 99.1
Stock symbol
WPCB
Transactions as of
Mar 10, 2023
Transactions value $
$0
Form type
4
Date filed
3/14/2023, 12:21 PM
Previous filing
Aug 26, 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 WPCB Class B ordinary shares Disposed to Issuer $0 -13.6M -100% $0.00 1 Mar 10, 2023 Class A ordinary shares 13.6M Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Warburg Pincus Capital Corp I-B Sponsor, L.P. 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 would have automatically converted into Class A ordinary shares of the Issuer at the time of the issuer's initial business combination, on a one-for-one basis, subject to adjustment for share splits, share capitalizations, reorganizations, recapitalizations and the like, and certain anti-dilution rights and have no expiration date.
F2 The reporting person surrendered the reported securities for no consideration and, upon effectiveness of the Issuer's delisting and de-registration, will have no further Section 16 reporting obligations.