Andrew B. Lipsher - Sep 8, 2023 Form 4 Insider Report for TortoiseEcofin Acquisition Corp. III (TRTL)

Role
Director
Signature
/s/ Andrew Botwinik Lipsher
Stock symbol
TRTL
Transactions as of
Sep 8, 2023
Transactions value $
$0
Form type
4
Date filed
9/12/2023, 09:45 PM
Previous filing
Aug 1, 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 TRTL Class B Ordinary Shares Other $0 +20K $0.00 20K Sep 8, 2023 Class A Ordinary Shares 20K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Class B Ordinary Shares are automatically convertible into the Issuer's Class A Ordinary Shares at the time of the Issuer's initial business combination on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights, and have no expiration date. The Class B Ordinary Shares are subject to forfeiture under certain circumstances relating to Mr. Lipsher's service on the Issuer's Board of Directors.
F2 Pursuant to a share transfer agreement, the shares were assigned by a former director of the Issuer to the reporting person for no consideration.