Brendan Wallace - Aug 9, 2021 Form 4 Insider Report for Fifth Wall Acquisition Corp. III (FWAC)

Role
Chairman of the Board and CEO, Director
Signature
/s/ Brendan Wallace
Stock symbol
FWAC
Transactions as of
Aug 9, 2021
Transactions value $
$0
Form type
4
Date filed
8/10/2021, 04:01 PM
Previous filing
May 27, 2021
Next filing
Aug 24, 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 FWAC Class B Ordinary Shares Other -313K -4.42% 6.76M Aug 9, 2021 Class A Ordinary Shares 313K 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 Represents the forfeiture of 312,500 previously reported Class B Ordinary Shares that were subject to forfeiture in the event the underwriters of the initial public offering of the Issuer's securities did not exercise in full their over-allotment option as described in the Issuer's Registration Statement on Form S-1 (File No. 333-255292).
F2 Fifth Wall Acquisition Sponsor III, LLC, is the record holder of the shares reported herein. Fifth Wall Acquisition Sponsor III, LLC is governed by two managers. Messr. Andriy Mykhaylovskyy and Brendan Wallace have shared voting and investment power over the shares held by Fifth Wall Acquisition Sponsor III, LLC, and disclaim beneficial ownership of the shares held by Fifth Wall Acquisition Sponsor III, LLC except to the extent of their pecuniary interest therein.
F3 As described in the Issuer's Registration Statement under the heading "Description of Securities," the Class B Ordinary Shares will automatically convert into Class A Ordinary Shares of the Issuer at the time of the Issuer's initial business combination, or earlier at the option of the holder, and have no expiration date.