Northern Star II Sponsor LLC - Apr 8, 2024 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
Apr 8, 2024
Transactions value $
$0
Form type
4
Date filed
4/9/2024, 04:44 PM
Previous filing
May 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NSTB Class A Common Stock Conversion of derivative security $0 +58.3K +0.6% $0.00 9.77M Apr 8, 2024 by Northern Star II Sponsor LLC 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 NSTB Class B Common Stock Conversion of derivative security $0 -58.3K -100% $0.00* 0 Apr 8, 2024 Class A Common Stock 58.3K $0.00 by Northern Star II Sponsor LLC F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares are owned directly by Northern Star II Sponsor LLC, a ten percent owner of the issuer, and indirectly by its managing member, Jonathan 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 Northern Star II Sponsor LLC, except to the extent of his pecuniary interest therein.
F2 The Class B Common Stock converts 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.