StoneBridge Acquisition Sponsor LLC - 30 Aug 2021 Form 4 Insider Report for StoneBridge Acquisition Corp. (FAAS)

Role: 10%+ Owner
Signature: /s/ Prabhu Antony Managing Member of BP SPAC Sponsor LLC, managing member of StoneBridge Acquisition Sponsor LLC
Issuer symbol: FAAS
Transactions as of: 30 Aug 2021
Net transactions value: $0
Form type: 4
Filing time: 01 Sep 2021, 14:18:48 UTC
Previous filing: 15 Jul 2021
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	APAC	Class B ordinary share	Disposed to Issuer	$0	-750,000	-13%	$0.000000	5,000,000	30 Aug 2021	Class A ordinary share	750,000		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- 253641) under the heading "Description of Securities - Ordinary Shares - Founder Shares", the Class B ordinary shares will automatically convert into Class A ordinary shares at the time of the Issuer's initial business combination, on a one-for-one basis, subject to certain adjustments described therein and have no expiration date.
F2	As contemplated in connection with the initial public offering of the Issuer, 750,000 Class B ordinary shares of the Issuer were forfeited by StoneBridge Acquisition Sponsor LLC (the "Sponsor") to the Issuer for no consideration and cancelled because the underwriters of the Issuer's initial public offering did not exercise their over-allotment option as described in the Issuer's registration statement.

Content

As described in the Issuer's registration statement on Form S-1 (File No. 333- 253641) under the heading "Description of Securities - Ordinary Shares - Founder Shares", the Class B ordinary shares will automatically convert into Class A ordinary shares at the time of the Issuer's initial business combination, on a one-for-one basis, subject to certain adjustments described therein and have no expiration date.

As contemplated in connection with the initial public offering of the Issuer, 750,000 Class B ordinary shares of the Issuer were forfeited by StoneBridge Acquisition Sponsor LLC (the "Sponsor") to the Issuer for no consideration and cancelled because the underwriters of the Issuer's initial public offering did not exercise their over-allotment option as described in the Issuer's registration statement.