Experience Sponsor LLC - May 7, 2021 Form 4 Insider Report for Blade Air Mobility, Inc. (BLDE)

Role
10%+ Owner
Signature
/s/ Eric C. Resnick, as managing member of KSL Capital Partners V GP, LLC, the general partner of each of KSL Capital Partners V, L.P., KSL Capital Partners V-A, L.P., KSL Capital Partners V TE, L.P., KSL Capital Partners V TE-A, L.P., and
Stock symbol
BLDE
Transactions as of
May 7, 2021
Transactions value $
$27,550,000
Form type
4
Date filed
5/11/2021, 09:17 PM
Previous filing
Jan 24, 2022
Next filing
Jan 24, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BLDE Class A Common Stock Conversion of derivative security +6.88M 6.88M May 7, 2021 Direct F1, F2
transaction BLDE Class A Common Stock Purchase $20.1M +2.01M $10.00 2.01M May 7, 2021 Direct F3

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 BLDE Class B Common Stock Conversion of derivative security $0 +6.88M $0.00* 0 May 7, 2021 Class A Common Stock 6.88M Direct F1, F2
transaction BLDE Private Placement Warrants Award $7.5M +5M $1.50 5M May 7, 2021 Class A Common Stock 5M $11.50 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On May 7, 2021, BLADE Urban Air Mobility, Inc. consummated its business combination (the "Business Combination") with Experience Investment Corp. Following consummation of the Business Combination, the combined holding company changed its legal name to Blade Air Mobility, Inc. (the "Issuer"). In connection with the consummation of the Business Combination, the shares of Class B common stock automatically converted into shares of Class A common stock on a one-for-one basis.
F2 Reflects securities held directly by Experience Sponsor LLC.
F3 Reflects securities held directly by Steele ExpCo Holdings, LLC. Steele ExpCo Holdings LLC will be separately filing a Form 3.
F4 These Private Placement Warrants were acquired from the Issuer in connection with the Issuer's initial public offering. Each warrant is exercisable for one share of Class A common stock at an exercise price of $11.50 per share, subject to certain adjustments. The warrants may be exercised commencing 30 days after the consummation of the Business Combination and expire five years after consummation of the Business Combination or earlier upon redemption or liquidation.

Remarks:

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.