Property Solutions Acquisition Sponsor II, LLC - 09 Aug 2021 Form 4 Insider Report for Property Solutions Acquisition Corp. II

Role
10%+ Owner
Signature
/s/ Jordan Vogel, as Manager of Property Solutions Acquisition Sponsor II, LLC
Issuer symbol
N/A
Transactions as of
09 Aug 2021
Net transactions value
$0
Form type
4
Filing time
09 Aug 2021, 18:56:32 UTC
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PSAG Class B Common Stock Other -700,000 -8.1% 7,925,000 09 Aug 2021 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Property Solutions Acquisition Sponsor II, LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 As described in the Issuer's Registration Statement under the heading "Description of Securities," the Class B common stock will automatically convert into Class A common stock of the Issuer at the time of the Issuer's initial business combination and have no expiration date.
F2 The forfeiture and cancellation of Class B common stock for no consideration is a result of the underwriters' partial exercise of their over-allotment option.
F3 Property Solutions Acquisition Sponsor II, LLC, is the record holder of the shares reported herein. Property Solutions Acquisition Sponsor II, LLC is governed by two managers. Messr. Jordan Vogel and Aaron Feldman have shared voting and investment power over the shares held by Property Solutions Acquisition Sponsor II, LLC, and disclaim beneficial ownership of the shares held by Property Solutions Acquisition Sponsor II, LLC except to the extent of their pecuniary interest therein.