Dune Acquisition Holdings LLC - Sep 20, 2023 Form 4 Insider Report for Dune Acquisition Corp (DUNE)

Role
Director, 10%+ Owner
Signature
/s/ Dune Acquisition Holdings LLC, By: Carter Glatt, Managing Member
Stock symbol
DUNE
Transactions as of
Sep 20, 2023
Transactions value $
$0
Form type
4
Date filed
12/8/2023, 04:37 PM
Next filing
Dec 26, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DUNE Class A Common Stock Conversion of derivative security +4.31M 4.31M Sep 20, 2023 Direct F1, F3

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 DUNE Class B Common Stock Conversion of derivative security $0 -4.31M -100% $0.00* 0 Sep 20, 2023 Class A Common Stock 4.31M Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to an Exchange Agreement entered into by Dune Acquisition Holdings LLC and the Issuer (the "Sponsor Exchange Agreement"), on September 20, 2023, Dune Acquisition Holdings LLC exchanged 4,312,500 shares of the Issuer's Class B Common Stock on a one-for-one basis for 4,312,500 shares of the Issuer's Class A Common Stock, which are subject to the same restrictions as applied to the Class B Common Stock prior to the exchange, on the terms and conditions set forth in the Sponsor Exchange Agreement.
F2 The shares of Class B common stock have no expiration date.
F3 Dune Acquisition Holdings LLC is the record holder of the securities reported herein. Carter Glatt is the manager of Dune Acquisition Holdings LLC and has voting and investment discretion with respect to the securities held of record by Dune Acquisition Holdings LLC. Mr. Glatt disclaims any beneficial ownership of the securities held by Dune Acquisition Holdings LLC other than to the extent of any pecuniary interest he may have therein, directly or indirectly.

Remarks:

See Exhibit 99.1 - Joint Filer Information, which was filed as an exhibit to Form 3 filed by the Reporting Persons on December 17, 2020, and is incorporated herein by reference and describes in further detail the relationships of the Reporting Persons to the Issuer. See Exhibits 24.1 and 24.2 - Powers of Attorney, which were filed as an exhibit to Form 3 filed by the Reporting Persons on December 17, 2020.