Jonathan Gear - Jun 8, 2021 Form 4 Insider Report for CC Neuberger Principal Holdings II (PRPB)

Role
Director
Signature
/s/ Douglas Newton, as attorney-in-fact for Jonathan Gear
Stock symbol
PRPB
Transactions as of
Jun 8, 2021
Transactions value $
$0
Form type
4
Date filed
6/10/2021, 04:23 PM
Previous filing
Jun 10, 2021
Next filing
Nov 17, 2021

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 PRPB Class B ordinary shares Purchase +40K 40K Jun 8, 2021 Class A ordinary shares 40K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 As described in the issuer's registration statement on Form S-1 (File No. 333-239875) under the heading "Description of Securities--Founder Shares", the Class B ordinary shares, par value $0.0001 ("Class B Ordinary Shares"), will automatically convert into Class A ordinary shares, par value $0.0001, of the issuer at the time of the issuer's initial business combination on a one-for-one basis, subject to adjustment for share splits, share capitalizations, reorganizations, recapitalizations and the like, and certain anti-dilution rights and have no expiration date.
F2 On June 8, 2021, CC Neuberger Principal Holdings II Sponsor LLC, the issuer's sponsor (the "Sponsor"), transferred 40,000 Class B Ordinary Shares to the reporting person for $0.001 per share, the initial purchase price per share paid by the Sponsor for its Class B Ordinary Shares (after giving effect to share capitalizations in July 2020).