Craig Cogut - Nov 4, 2021 Form 3 Insider Report for 7 Acquisition Corp (SVNAU)

Role
10%+ Owner
Signature
/s/ Craig Cogut
Stock symbol
SVNAU
Transactions as of
Nov 4, 2021
Transactions value $
$0
Form type
3
Date filed
11/10/2021, 05:16 PM

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 Aren LeeKong 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 Craig Cogut 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