ALWA SPONSOR LLC - 01 Jun 2023 Form 4 Insider Report for Four Leaf Acquisition Corp (FORL)

Role: 10%+ Owner
Signature: /s/ David R. Brown, Attorney-in-Fact for ALWA Sponsor LLC
Issuer symbol: FORL
Transactions as of: 01 Jun 2023
Net transactions value: $0
Form type: 4
Filing time: 02 Jun 2023, 15:59:02 UTC
Previous filing: 27 Mar 2023
SEC: View on sec.gov

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	-139,750	-9.3%	$0.000000	1,355,250	01 Jun 2023	Class A Common Stock	139,750		Direct	F1, F2

* 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 1 2023, the Reporting Person 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 Sponsor's 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.

Content

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.

On June 1 2023, the Reporting Person 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 Sponsor's 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.