Northern Star II Sponsor LLC - May 12, 2023 Form 4 Insider Report for Northern Star Investment Corp. II (NSTB)

Role
10%+ Owner
Signature
Northern Star II Sponsor LLC, by Jonathan J. Ledecky, Managing Member
Stock symbol
NSTB
Transactions as of
May 12, 2023
Transactions value $
$146
Form type
4
Date filed
5/16/2023, 04:02 PM
Previous filing
Jan 3, 2023
Next filing
Apr 9, 2024

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 NSTB Class B Common Stock Other $146 +58.3K $0.00* 58.3K May 12, 2023 Class A Common Stock 58.3K $0.00 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 Class B Common Stock is exercisable at the election of the holder and will automatically convert into Class A Common Stock at the time of the Issuer's initial business combination on a one-for-one basis, subject to adjustment. The Class B Common Stock has no conversion or exercise price or expiration date.
F2 These shares of Class B Common Stock of the Issuer (the "Shares") were transferred to Northern Star II Sponsor LLC (the "Sponsor"), the sponsor of the Issuer, for the same aggregate purchase price originally paid for such Shares, in connection with an agreement between the Sponsor and the transferor. The Sponsor had initially transferred the Shares to the transferor prior to the Issuer's initial public offering.
F3 These Shares are owned directly by Sponsor, a ten percent owner of the issuer, and indirectly by its managing member, Jonathan J. Ledecky, the Issuer's President and Chief Operating Officer and a director on its Board of Directors. Mr. Ledecky disclaims beneficial ownership of the securities held by Sponsor except to the extent of his pecuniary interest therein.