Aren C. LeeKong - Nov 4, 2021 Form 3 Insider Report for 7 Acquisition Corp (SVNAU)

Role: 10%+ Owner
Signature: /s/ Aren LeeKong
Stock symbol: SVNAU
Transactions as of: Nov 4, 2021
Transactions value $: $0
Form type: 3
Date filed: 11/4/2021, 07:54 PM
Previous filing: Aug 30, 2021
Next filing: Nov 16, 2022

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	SVNAU	Class B ordinary shares							Nov 4, 2021	Class A ordinary shares	5.63M		Direct	F1, F2, F3, F4

* 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. 333-260368) under the heading "Description of Securities--Founder Shares", the Class B ordinary shares, par value $0.0001 per share, will automatically convert into Class A ordinary shares, par value $0.0001 per share, of the issuer 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 adjustment for share splits, share capitalizations, reorganizations, recapitalizations and the like, and certain anti-dilution rights and have no expiration date.
F2	The Class B ordinary shares beneficially owned by the reporting person include up to 750,000 shares that are subject to forfeiture to the extent the underwriters of the initial public offering of the issuer's securities do not exercise in full their over-allotment option as described in the issuer's registration statement.
F3	Voting and investment decisions with respect to the ordinary shares held of record by 7 Acquisition Holdings, LLC require the unanimous approval of the reporting person and Craig Cogut and Joel Haney. Accordingly, the reporting person may be deemed to beneficially own the reported securities, provided that the reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein and this filing shall not be deemed an admission of beneficial ownership for any other purpose.
F4	Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), this filing shall not be deemed an admission that Aren LeeKong is, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owner of any equity securities in excess of their respective pecuniary interests.

Remarks:

Exhibit List - Exhibit 24.1 - Power of Attorney