Avi S. Katz - Jun 29, 2021 Form 4 Insider Report for Lightning eMotors, Inc. (ZEV)

Role
Director
Signature
Dr. Avi S. Katz, Individually
Stock symbol
ZEV
Transactions as of
Jun 29, 2021
Transactions value $
$0
Form type
4
Date filed
7/1/2021, 05:12 PM
Previous filing
May 28, 2021
Next filing
Jul 15, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ZEV Common Stock Other $0 -650K -11.54% $0.00 4.99M Jun 29, 2021 By GigAcquisitions3, LLC F1, F2, F3
transaction ZEV Common Stock Other $0 +17.6K $0.00 17.6K Jun 29, 2021 Direct 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
transaction ZEV Private Warrant Other $0 -488K -100% $0.00* 0 Jun 29, 2021 Common Stock 0 $11.50 By GigAcquisitions3, LLC F2, F4, F5, F6
transaction ZEV Private Warrant Other $0 +13.2K $0.00 13.2K Jun 29, 2021 Common Stock 13.2K $11.50 Direct F4, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Avi S. Katz is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Distribution of Common Stock to direct and indirect members of GigAcqusitions3, LLC (the "Sponsor").
F2 Includes 5,735,000 founder shares of Common Stock (of which 750,000 shares were forfeited) as previously reported in the Form 3 filed by the Reporting Person on May 5, 2020 and the Form 4 filed by the Reporting Person on June 29, 2020.
F3 The Common Stock and Private Warrants are held directly by the Sponsor. The shares and warrants held by the Sponsor are beneficially owned by Dr. Katz, the Issuer's Co-Chairman of the Board of Directors. Dr. Katz is also the Manager of the Sponsor, who has sole voting and dispositive power over the shares and warrants held by the Sponsor.
F4 Distribution of Private Warrants to direct and indirect members of the Sponsor.
F5 The Private Warrants will become exercisable on the later of 30 days after the completion of the Issuer's initial business combination or 12 months from the completion of the Issuer's initial public offering.
F6 The Private Warrants will expire on the fifth anniversary of the Issuer's completion of its initial business combination.

Remarks:

GigAcquisitions3, LLC is no longer a 10% Owner.