Joseph Adir - Jun 21, 2021 Form 4 Insider Report for OceanTech Acquisitions I Corp. (OTEC)

Role: Chief Executive Officer, Director, 10%+ Owner
Signature: /s/ Amanda Mei, Power of Attorney For: Joseph Adir
Stock symbol: OTEC
Transactions as of: Jun 21, 2021
Transactions value $: $0
Form type: 4
Date filed: 7/7/2021, 04:32 PM
Previous filing: May 27, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	OTEC	Class B Common Stock	Other	$0	-294K	-10.21%	$0.00	2.58M	Jun 21, 2021	See footnote	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On June 21, 2021, OceanTech Acquisitions I Sponsors LLC (the "Sponsor") forfeited at no cost 293,500 shares of common stock of the Issuer in connection with the election by the underwriter of the Issuer's initial public offering of units to exercise an option granted to them to cover over-allotments in part and not in full. This transaction is late due to an inadvertent administrative error and not any error of the Reporting Person.
F2	These shares represent 2,581,500 shares of Class B common stock of the issuer held by the Sponsor. Joseph Adir is the managing member of the Sponsor. As such, the Reporting Person may be deemed to have beneficial ownership of such shares. The Reporting Person disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly.

Content

On June 21, 2021, OceanTech Acquisitions I Sponsors LLC (the "Sponsor") forfeited at no cost 293,500 shares of common stock of the Issuer in connection with the election by the underwriter of the Issuer's initial public offering of units to exercise an option granted to them to cover over-allotments in part and not in full. This transaction is late due to an inadvertent administrative error and not any error of the Reporting Person.

These shares represent 2,581,500 shares of Class B common stock of the issuer held by the Sponsor. Joseph Adir is the managing member of the Sponsor. As such, the Reporting Person may be deemed to have beneficial ownership of such shares. The Reporting Person disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly.