ARC Global Investments II LLC - Sep 8, 2021 Form 4 Insider Report for Digital World Acquisition Corp. (DWAC)

Role
10%+ Owner
Signature
/s/ Patrick Orlando, as Managing Member of ARC Global Investments II LLC
Stock symbol
DWAC
Transactions as of
Sep 8, 2021
Transactions value $
$11,329,890
Form type
4
Date filed
9/10/2021, 05:58 PM
Previous filing
Sep 10, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DWAC Class A Common Stock Purchase $11.3M +1.13M $10.00 1.13M Sep 8, 2021 Direct F1

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 DWAC Class B Common Stock Sale -$4.95K -1.65M -23.11% $0.00* 5.49M Sep 8, 2021 Class A Ordinary Shares 1.65M Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares are underlying units (each unit consisting of one share of Class A common stock and one half of one warrant, each whole warrant exercisable to purchase one share of Class A common stock) held by ARC Global Investments II LLC (the "Sponsor"), acquired pursuant to a unit subscription agreement by and between the Sponsor and the issuer.
F2 As described in the issuer's registration statement on Form S-1 (File No. 333-256472) under the heading "Description of Securities--Founder Shares," the shares of Class B common stock, par value $0.0001 per share, will automatically be converted into shares of Class A common stock, par value $0.0001 per share, 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.
F3 These shares represent Class B common stock held by the Sponsor acquired pursuant to a subscription agreement by and between the Sponsor and the issuer.
F4 In connection with the closing of the issuer's initial public offering, the Sponsor transferred these shares to anchor investors pursuant to investment agreements by and among the issuer, the Sponsor and each anchor investor as described in the Registration Statement under the heading "Summary - The Offering - Expressions of Interest."