Daniel Freifeld - Jul 8, 2021 Form 3 Insider Report for Galata Acquisition Corp. (GLTA)

Role
President and CIO, Director, 10%+ Owner
Signature
/s/ Jason T. Simon, Attorney-in-Fact
Stock symbol
GLTA
Transactions as of
Jul 8, 2021
Transactions value $
$0
Form type
3
Date filed
7/12/2021, 05:39 PM

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
holding GLTA Class B ordinary shares Jul 8, 2021 Class A ordinary shares 3.58M See Footnote F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares of Class B ordinary shares have no expiration date and will automatically convert into shares of Class A ordinary shares at the time of the Issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to adjustment as set forth in the Issuer's registration statement on Form S-1 (File No. 333-254989).
F2 Includes up to 468,750 shares subject to forfeiture depending on the extent to which the underwriters' over-allotment option is exercised, if at all.
F3 The securities are held directly by Galata Acquisition Sponsor, LLC, the sponsor of the issuer (the "Sponsor"). Daniel Freifeld indirectly controls the Sponsor, and may be deemed to beneficially own the securities held by the Sponsor. Mr. Freifeld disclaims beneficial ownership of the securities held by the Sponsor except to the extent of his pecuniary interest therein.

Remarks:

See Exhibit 24.1 - Power of Attorney