Alvin Wang - Jun 1, 2023 Form 4 Insider Report for Four Leaf Acquisition Corp (FORL)

Role
Director, 10%+ Owner
Signature
/s/ David R. Brown, Attorney-in-Fact for Alvin Wang
Stock symbol
FORL
Transactions as of
Jun 1, 2023
Transactions value $
$0
Form type
4
Date filed
6/2/2023, 03:58 PM
Previous filing
Jun 2, 2023

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 FORL Class B Common Stock Disposed to Issuer $0 -140K -9.35% $0.00 1.36M Jun 1, 2023 Class A Common Stock 140K Through ALWA Sponsor LLC F1, F2, 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. 333-267399) under the heading "Description of Securities," the shares of Class B common stock of the issuer will automatically convert into shares of Class A common stock of the issuer at the time of the issuer's initial business combination, on a one-for-one basis, subject to certain adjustments described therein, and have no expiration date.
F2 On June 01, 2023, ALWA Sponsor LLC (the "Sponsor") forfeited 139,750 shares of Class B Common Stock to the Issuer for no consideration, which was exempted pursuant to Rule 16b-3(e) under the Securities Exchange Act of 1934, as amended, in connection with the expiration of the underwriters' over-allotment option on April 30, 2023. The forfeiture was not within the Reporting Persons' control as it occurred as a result of the underwriters' decision not to exercise the remaining portion of the overallotment option and occurred shortly after the expiration of the over-allotment exercise period.
F3 The Reporting Person is the managing member of the Sponsor. As such, the Reporting Person may be deemed to have beneficial ownership of such shares. The Reporting Person disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly.