Shahraab Ahmad - Nov 6, 2023 Form 4 Insider Report for Atlantic Coastal Acquisition Corp. II (ACAB)

Role
Chairman and CEO, Director, 10%+ Owner
Signature
Atlantic Coastal Acquisition Management II LLC, /s/ Shahraab Ahmad, Managing Member
Stock symbol
ACAB
Transactions as of
Nov 6, 2023
Transactions value $
$0
Form type
4
Date filed
11/8/2023, 04:15 PM
Previous filing
Apr 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ACAB Series A Common Stock, par value $0.0001 per share Other +50K +0.69% 7.25M Nov 6, 2023 See Footnote F1, F3
transaction ACAB Series A Common Stock, par value $0.0001 per share Other -50K -0.69% 7.2M Nov 7, 2023 See Footnote F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On November 6, 2023, Iqbaljit Kahlon resigned from the Board of Directors of Atlantic Coastal Acquisition Corp. II (the "Company"). Pursuant to the terms of Mr. Kahlon's stock grant from the Company, Mr. Kahlon's resignation triggered a forfeiture of 50,000 shares of Series A Common Stock then-held by Mr. Kahlon to Atlantic Coastal Acquisition Management II LLC, the Company's initial public offering sponsor (the "Sponsor").
F2 On November 6, 2023, Curtis Collar was appointed to the Board of Directors of the Company. On November 7, 2023, in connection with Mr. Collar's appointment, Mr. Collar received a grant of 50,000 shares of Series A Common Stock then-held by the Sponsor.
F3 The Sponsor is the record holder of the securities reported herein. Shahraab Ahmad is the managing member of the Sponsor and has sole voting and investment discretion with respect to the securities held of record by the Sponsor. Mr. Ahmad disclaims any beneficial ownership of the securities held by the Sponsor.