Park West Asset Management LLC - Jul 21, 2021 Form 3 Insider Report for Nebula Caravel Acquisition Corp. (ROVR)

Role: 10%+ Owner
Signature: /s/ Grace Jimenez, Chief Financial Officer of Park West Asset Management LLC
Stock symbol: ROVR
Transactions as of: Jul 21, 2021
Transactions value $: $0
Form type: 3
Date filed: 7/27/2021, 06:52 PM
Previous filing: Jul 16, 2021
Next filing: Jul 29, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	ROVR	Class A common stock, par value $0.0001						2.07M	Jul 21, 2021	See Footnote	F1

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
holding	ROVR	Call Option (right to buy)							Jul 21, 2021	Class A common stock, par value $0.0001	1M	$12.50	See Footnote	F1
holding	ROVR	Warrant (right to buy)							Jul 21, 2021	Class A common stock, par value $0.0001	250K	$11.50	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	Park West Asset Management LLC (the "Reporting Person") is the investment manager to Park West Investors Master Fund, Limited, a Cayman Islands exempted company ("PWIMF"), and Park West Partners International, Limited, a Cayman Islands exempted company ("PWPI"). Peter S. Park ("Mr. Park"), through one or more affiliated entities, is the controlling manager of the Reporting Person. As of July 21, 2021, PWIMF held 1,884,469 shares of Class A common stock, par value $0.0001 per share (the "Common Stock") of Nebula Caravel Acquisition Corp. (the "Company"), options (the "Options") to purchase 910,300 shares of Common Stock, and warrants ("Warrants") to purchase 227,447 shares of Common Stock and PWPI held 185,531 shares of Common Stock, Options to purchase 89,700 shares of Class A Stock, and Warrants to purchase 22,553 shares of Common Stock. The Reporting Person's and Mr. Park's beneficial ownership is limited to their pecuniary interest, if any, in such securities.
F2	The Warrants will become exercisable at any time commencing on the later of (a) December 11, 2021 or (b) thirty (30) days after the completion of the Company's initial business combination.
F3	The Warrants will expire five (5) years after the completion of the Company's initial business combination, at 5:00 p.m., Eastern Time, or earlier upon redemption or liquidation.