IVan Kaufman - Oct 28, 2021 Form 3 Insider Report for Arbor Rapha Capital Bioholdings Corp. I (ARCK)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Ivan Kaufman, as President and Chief Executive Officer of Arbor Commercial Mortgage LLC, Managing Member of Arbor Rapha Capital LLC
Stock symbol
ARCK
Transactions as of
Oct 28, 2021
Transactions value $
$0
Form type
3
Date filed
10/28/2021, 09:49 PM
Previous filing
Oct 1, 2021
Next filing
Nov 16, 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
holding ARCK Class B common stock Oct 28, 2021 Class A common stock 4.31M By Arbor Rapha Capital LLC 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. 333-259516) under the heading "Description of Securities--Founder Shares," the Class B common stock of the issuer, par value $0.0001 per share, will automatically convert into Class A common stock of the issuer, par value $0.0001 per share, at the time of the issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to certain adjustments, and have no expiration date.
F2 Arbor Rapha Capital LLC ("Sponsor") is the record holder of the shares of Class B common stock reported herein, which include 562,500 shares of Class B common stock that are subject to forfeiture to the extent that the underwriter of the issuer's public offering does not exercise its over-allotment option in full. Arbor Commercial Mortgage LLC ("ACM") is the managing member of Sponsor. Ivan Kaufman is President and Chief Executive Officer of ACM. As a result of the foregoing, Mr. Kaufman and ACM may be deemed to beneficially own shares held by Sponsor. Each of Mr. Kaufman and ACM disclaims beneficial ownership of the shares held by Sponsor except to the extent of his or its pecuniary interest therein.

Remarks:

Mr. Kaufman serves on the board of directors of the issuer and serves as its Chief Executive Officer. On the basis of the relationship between Sponsor and Mr. Kaufman, Sponsor may be deemed a director by deputization with respect to the issuer for the purposes of Section 16 of the Securities Exchange Act of 1934, as amended.