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.

Content

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.

Pursuant to a share transfer agreement, the shares were assigned by a former director of the Issuer to the reporting person for no consideration.