M3-Brigade Sponsor III LP - Oct 25, 2021 Form 4 Insider Report for M3-Brigade Acquisition III Corp. (MBSC)

Role: 10%+ Owner
Signature: /s/ Mohsin Y. Meghji, as Authorized Signatory
Stock symbol: MBSC
Transactions as of: Oct 25, 2021
Transactions value $: $0
Form type: 4
Date filed: 10/27/2021, 05:28 PM
Previous filing: Oct 21, 2021
Next filing: Sep 22, 2023

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	MBSC	Class B Common Stock	Other	$0	-3.75K	-0.05%	$0.00	7.5M	Oct 25, 2021	Class A Common Stock	3.75K		Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	As described in the Issuer's registration statement on Form S-1 (File No. 333-256017) under the heading "Description of Securities - Founder Shares," the shares of Class B common stock will automatically convert into shares of Class A common stock at the time of the Issuer's initial business combination, or at any time prior thereto at the option of the holder, on a one-for-one basis, subject to certain adjustments described therein and have no expiration date.
F2	On October 25, 2021, M3-Brigade Sponsor III LP (the "Sponsor") forfeited at no cost 3,750 shares of common stock, par value $0.0001 per share, in connection with the determination by the underwriters of the Issuer's initial public offering not to exercise in full the over-allotment option granted to them.

Content

As described in the Issuer's registration statement on Form S-1 (File No. 333-256017) under the heading "Description of Securities - Founder Shares," the shares of Class B common stock will automatically convert into shares of Class A common stock at the time of the Issuer's initial business combination, or at any time prior thereto at the option of the holder, on a one-for-one basis, subject to certain adjustments described therein and have no expiration date.

On October 25, 2021, M3-Brigade Sponsor III LP (the "Sponsor") forfeited at no cost 3,750 shares of common stock, par value $0.0001 per share, in connection with the determination by the underwriters of the Issuer's initial public offering not to exercise in full the over-allotment option granted to them.