Shahraab Ahmad - Apr 18, 2023 Form 4 Insider Report for Atlantic Coastal Acquisition Corp. II (ACAB)

Role
Chairman and CEO, Director, 10%+ Owner
Signature
By: Atlantic Coastal Acquisition Management II LLC, /s/ Shahraab Ahmad, Managing Member
Stock symbol
ACAB
Transactions as of
Apr 18, 2023
Transactions value $
$0
Form type
4
Date filed
4/19/2023, 04:05 PM
Previous filing
Mar 22, 2023
Next filing
Nov 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ACAB Series A Common Stock, par value $0.0001 per share Options Exercise +7.2M 7.2M Apr 18, 2023 See Footnote F1, F2

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 ACAB Series B Common Stock, par value $0.0001 per share Options Exercise -7.2M -100% 1 Apr 18, 2023 Series A Common Stock, par value $0.0001 per share 7.2M See Footnote F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On April 18, 2023 the Reporting Person elected to exercise their right to convert 7,199,999 shares of Series B Common Stock into 7,199,999 shares of Series A Common Stock.
F2 Atlantic Coastal Acquisition Management II LLC is the record holder of the securities reported herein. Shahraab Ahmad is the managing member of Atlantic Coastal Acquisition Management II LLC and has sole voting and investment discretion with respect to the securities held of record by Atlantic Coastal Acquisition Management II LLC. Mr. Ahmad disclaims any beneficial ownership of the securities held by Atlantic Coastal Acquisition Management II LLC.
F3 The Series B Common Stock are convertible into the Issuer's Series A Common Stock on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights, as described under the heading "Description of Securities-Common Stock" in the Issuer's registration statement on Form S-1 (File No. 333-261459) and the Issuer's DEF 14A filed March 20th, 2023 and have no expiration date.