KnightSwan Sponsor LLC - Jan 20, 2022 Form 3 Insider Report for KnightSwan Acquisition Corp (KNSW)

Role: Officer, Director, 10%+ Owner
Signature: /s/ See Signatures Included in Exhibit 99.1
Stock symbol: KNSW
Transactions as of: Jan 20, 2022
Transactions value $: $0
Form type: 3
Date filed: 1/20/2022, 07:24 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	KNSW	Class B Common Stock							Jan 20, 2022	Class A Common Stock	5.75M		Direct	F1, F2, F3

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

Explanation of Responses:

Id	Content
F1	The reported shares of KnightSwan Acquisition Corporation (the "Issuer") are directly held by KnightSwan Sponsor LLC (the "Sponsor"). The Issuer's shares of Class B common stock, par value $0.0001 per share, are convertible for the Issuer's shares of Class A common stock, par value $0.0001 per share, as described in the heading "Description of Securities" in the Issuer's Registration Statement on Form S-1 (File No. 333-261856) and have no expiration date.
F2	If the underwriter's option to purchase additional units is not exercised in full, the Sponsor will forfeit to the Issuer up to 750,000 founder shares upon the expiration of the underwriter's option to purchase additional units.
F3	The Sponsor is the record holder of such shares of Class B common stock. Ms. Daly and Ms. Carlson are the members of the Sponsor and share voting and investment discretion with respect to the shares of Class B common stock held of record by the Sponsor. In addition, each of Ms. Daly and Ms. Carlson may be entitled to distributions of private placement warrants from the Sponsor following the consummation of the initial business combination. Each of Ms. Daly and Ms. Carlson disclaims any beneficial ownership of the securities held by the Sponsor, other than to the extent of any pecuniary interest she may have therein, directly or indirectly.

Remarks:

Brandee Daly is the Chief Executive Officer of the Issuer. Teresa Carlson is the Non-Executive Chair of the Board of Directors of the Issuer.