CC Neuberger Principal Holdings III Sponsor LLC - 24 Jun 2021 Form 4 Insider Report for CC Neuberger Principal Holdings III

Role: 10%+ Owner
Signature: /s/ Matthew Skurbe
Issuer symbol: N/A
Transactions as of: 24 Jun 2021
Net transactions value: $0
Form type: 4
Filing time: 24 Jun 2021, 18:01:30 UTC
Next filing: 22 Nov 2023
SEC: View on sec.gov

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	PRPC	Class B ordinary shares	Purchase		-40,000	-0.27%		14,982,500	24 Jun 2021	Class A ordinary shares	40,000		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. 333-252104) 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 24, 2021, CC Neuberger Principal Holdings III Sponsor LLC (the "Sponsor"), transferred 40,000 Class B Ordinary Shares to J. Joel Hackney, Jr. for $0.001 per share, the initial purchase price per share paid by the Sponsor for its Class B Ordinary Shares.

Content

As described in the issuer's registration statement on Form S-1 (File No. 333-252104) 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.

On June 24, 2021, CC Neuberger Principal Holdings III Sponsor LLC (the "Sponsor"), transferred 40,000 Class B Ordinary Shares to J. Joel Hackney, Jr. for $0.001 per share, the initial purchase price per share paid by the Sponsor for its Class B Ordinary Shares.