David R. Epstein - Jun 8, 2022 Form 4 Insider Report for Dynamics Special Purpose Corp. (SNTI)

Role: Director
Signature: /s/ David R Epstein
Stock symbol: SNTI
Transactions as of: Jun 8, 2022
Transactions value $: $0
Form type: 4
Date filed: 6/10/2022, 09:22 PM
Previous filing: Jun 1, 2022
Next filing: Jun 13, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SNTI	Common Stock	Award	$0	+113K	+1048.35%	$0.00	123K	Jun 8, 2022	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	SNTI	Class B Common Stock	Options Exercise		-113K	-100%		0	Jun 8, 2022	Class A Common Stock	113K		See Footnote	F1, F2

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

Explanation of Responses:

Id	Content
F1	Each share that Dynamics Sponsor LLC, a Delaware limited liability company (the "Sponsor"), held as record holder of Class B common stock, par value $0.0001, automatically converted into one share of Class A common stock, par value $0.0001, at the closing of the Issuer's initial business combination on June 8, 2022, and, pursuant to the Issuer's amended certificate of incorporation which came into effect on such date, shares of Class A common stock became shares of common stock (without class designation), par value $0.0001, of the Issuer at such time. The shares of Class B common stock had no expiration date.
F2	Upon the consummation of the business combination described in footnote 1, the Sponsor distributed 123,252 shares of common stock of the Issuer to David Epstein.
F3	Prior to the distribution described in footnote 2, the Sponsor was the record holder of these shares. The Sponsor is governed by a board of managers consisting of Omid Farokhzad and Mostafa Ronaghi who held an economic interest therein. Any action by the Sponsor with respect to Issuer or the shares reported above, including voting and dispositive decisions, requires unanimous approval of the managers. The shares reported were attributable to Mr. Epstein's equity ownership interest of the Sponsor.