Adit EdTech Sponsor, LLC - Apr 18, 2023 Form 4 Insider Report for Adit EdTech Acquisition Corp. (ADEX)

Role
10%+ Owner
Signature
Adit EdTech Sponsor, LLC, By: /s/ Eric L. Munson
Stock symbol
ADEX
Transactions as of
Apr 18, 2023
Transactions value $
$7,273
Form type
4
Date filed
4/20/2023, 04:30 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADEX Common Stock Purchase $1.03K +100 $10.33 100 Apr 18, 2023 See footnote F1, F2
transaction ADEX Common Stock Purchase $6.24K +600 +600% $10.40 700 Apr 19, 2023 See footnote F1, F4
holding ADEX Common Stock 6.83M Apr 18, 2023 Direct F1, F3
holding ADEX Common Stock 6.83M Apr 18, 2023 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 As described in the Issuer's registration statement on Form S-1 (File No. 333-251641) (the "Registration Statement") under the heading "Description of Securities--Founder Shares."
F2 Consists of 100 shares purchased by Adit Ventures LLC, which may be deemed to be controlled by the reporting person.
F3 There are five directors of the reporting person's board of directors. Any action by the reporting person, including voting and dispositive decisions, requires a vote of four out of the five directors of the board of directors. Under the so-called "rule of three," because voting and dispositive decisions are made by four out of the five directors of the board of directors, none of the directors is deemed to be a beneficial owner of shares held by the reporting person, even those in which he or she directly holds a pecuniary interest.
F4 Consists of 100 shares purchased by each of Adit Ventures II LLC, Adit Ventures III LLC, Adit Ventures IV LLC, Adit Growth Equity I, Adit Growth Equity II, and Adit Growth Equity III, each of which may be deemed to be controlled by the reporting person.