Tanner Ainge - Sep 10, 2021 Form 4 Insider Report for Banner Acquisition Corp. (BNNR)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Tanner Ainge
Stock symbol
BNNR
Transactions as of
Sep 10, 2021
Transactions value $
-$6,234
Form type
4
Date filed
9/14/2021, 01:59 PM
Previous filing
Sep 7, 2021
Next filing
Oct 19, 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 BNNR Class B Common Stock Sale -$6.23K -891K -21.6% $0.01* 3.23M Sep 10, 2021 Class A Common Stock 891K 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 Class B Common Stock are convertible into the Issuer's Class A Common Stock on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights and have no expiration date.
F2 Includes 562,500 Class B Common Stock that are subject to forfeiture if the underwriter in the Issuer's initial public offering does not exercise its over- allotment option in full.
F3 Banner SPAC Sponsor, LLC ("Sponsor") is the record holder of the shares reported herein. Banner Ventures Management, LLC is the managing member of the Sponsor, and Tanner Ainge is the managing member of Banner Ventures Management, LLC. Accordingly, Banner Ventures Management, LLC and Mr. Ainge may be deemed to have or share beneficial ownership of the common stock held directly by the Sponsor. Each such entity or person disclaims any such beneficial ownership of such securities except to the extent of their pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.