Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | NSTB | Class A Common Stock | Conversion of derivative security | $0 | +9.71M | $0.00 | 9.71M | Dec 30, 2022 | by Northern Star II Sponsor LLC | F1, F2 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | NSTB | Class B Common Stock | Conversion of derivative security | $0 | -9.71M | -100% | $0.00* | 0 | Dec 30, 2022 | Class A Common Stock | 9.71M | $0.00 | by Northern Star II Sponsor LLC | F1, F2 |
Id | Content |
---|---|
F1 | The Class B Common Stock will convert into Class A Common Stock upon the earlier of (1) request by the holder or (2) automatically at the time of the Issuer's initial business combination. Such conversion shall be on a one-for-one basis, subject to adjustment. The Class B Common Stock has no exercise or conversion price, nor expiration date. |
F2 | These shares are owned directly by Northern Star II Sponsor LLC, a ten percent owner of the issuer, and indirectly by its managing members, Jonathan Ledecky, the Issuer's President and Chief Operating Officer, and Joanna Coles, the Issuer's Chief Executive Officer and Chairperson of the Board of Directors. Each of Mr. Ledecky and Ms. Coles disclaim beneficial ownership of the securities held by Northern Star II Sponsor LLC, except to the extent of his/her pecuniary interest therein. |