Cc Sponsor Llc - Nov 18, 2021 Form 3 Insider Report for Crescera Capital Acquisition Corp. (CREC)

Role: 10%+ Owner
Signature: /s/ Jaime Cardoso Danvila as Authorized Signatory for CC Sponsor LLC
Stock symbol: CREC
Transactions as of: Nov 18, 2021
Transactions value $: $0
Form type: 3
Date filed: 11/22/2021, 02:51 PM

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	CREC	Class B ordinary shares							Nov 18, 2021	Class A ordinary shares	5.76M		Direct	F1, F2, F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The Reporting Person holds 5,758,333 Class B ordinary shares of the Issuer ("Class B Shares"). The Class B Shares may be converted into Class A ordinary shares of the Issuer ("Class A Shares") concurrently with or following the consummation of the Issuer's initial business combination on a one-for-one basis, subject to adjustments, as described in the section entitled "Description of Securities" in the Issuer's Registration Statement on Form S-1/A (File No. 333-255382) filed with the Securities and Exchange Commission on October 27, 2021. The Class B Shares have no expiration date.
F2	Up to 875,000 of the Class B Shares held by the Reporting Person are subject to forfeiture for no consideration depending on the extent to which the underwriters' over-allotment option is exercised.
F3	The Reporting Person is the record holder of these shares, and the Reporting Person is controlled by a board of managers consisting of Jaime Cardoso Danvila, Daniel Arthur Borghi and Felipe Samuel Argalji. Each manager of the Reporting Person has one vote, and the approval of two of the three members of the board of managers is required to approve an action of the Reporting Person. Under the so-called "rule of three," if voting and dispositive decisions regarding an entity's securities are made by two or more individuals, and a voting and dispositive decision requires the approval of a majority of those individuals, then none of the individuals is deemed a beneficial owner of the entity's securities. This is the situation with regard to the Reporting Person.
F4	Based upon the foregoing analysis, no individual manager of the Reporting Person exercises voting or dispositive control over any of the securities held by the Reporting Person even those in which such individual manager directly holds a pecuniary interest. Accordingly, none of them will be deemed to have or share beneficial ownership of such shares and, for the avoidance of doubt, each expressly disclaims any such beneficial interest to the extent of any pecuniary interest he may have therein, directly or indirectly.