David Gow - 21 Oct 2021 Form 4 Insider Report for Sportsmap Tech Acquisition Corp. (MSAI)

Role
Chief Executive Officer, Director
Signature
/s/ David Gow
Issuer symbol
MSAI
Transactions as of
21 Oct 2021
Net transactions value
$0
Form type
4
Filing time
25 Oct 2021, 17:47:50 UTC
Previous filing
18 Oct 2021
Next filing
06 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SMAP Common Stock Purchase +540,000 +23% 2,840,000 21 Oct 2021 By SportsMap, LLC F1, F5

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 SMAP Private Warrants to purchase common stock Purchase +405,000 405,000 21 Oct 2021 Common stock 405,000 $11.50 By SportsMap, LLC F1, F2, F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These securities are included within the 540,000 units of the issuer held by SportsMap, LLC ("Sponsor") and purchased for $10.00 per unit. Each unit consists of one share of common stock and three-quarters of one warrant.
F2 These warrants underly 540,000 units of the issuer held by the Sponsor.
F3 The warrants become exercisable on the later of (i) 30 days after the completion of the registrant's initial business combination and (ii) 12 months from the closing of the registrant's initial public offering.
F4 The warrants expire five years after the completion of the registrant's initial business combination or earlier upon redemption or liquidation, as described in the Form S-1 (File No. 333-259912).
F5 The units are held by Sponsor. David Gow is the sole manager of the Sponsor. Mr. Gow disclaims beneficial ownership of the securities held by the Sponsor except to the extent of his pecuniary interest therein.