Michael Millette - Nov 16, 2021 Form 4 Insider Report for Kairos Acquisition Corp. (KAIR)

Signature
/s/ Michael Millette
Stock symbol
KAIR
Transactions as of
Nov 16, 2021
Transactions value $
$0
Form type
4
Date filed
11/18/2021, 04:30 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
transaction KAIR Class B Ordinary Shares Purchase $0 +15K +0.38% $0.00 3.96M Nov 16, 2021 Class A Ordinary Shares 15K See Footnote 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 registrant's registration statement on Form S-1 (File No. 333-251553) under the heading "Description of Securities - Founder Shares", the Class B ordinary shares will automatically convert into Class A ordinary shares at the time of the registrant's initial business combination on a one-for-one basis (unless otherwise provided in the registrant's initial business combination agreement), subject to adjustment for share subdivisions, share consolidations, share capitalizations, reorganizations, recapitalizations and the like, and certain anti-dilution rights and have no expiration date.
F2 Vikas Singhal, a Director of the issuer, and Michael Millette, the board observer of the issuer, are the Partners of Hudson Structured Capital Management Ltd. ("HSCM") which manages HSCM Bermuda Fund Ltd. ("HSCM Fund One") and HS Santanoni LP ("HSCM Fund Two"). HSCM Fund One and HSCM Fund Two jointly own HS Chronos LLC, of which Messrs. Singhal and Millette also serve as officers. Therefore, Messrs. Singhal and Millette manage, directly or indirectly, each of HS Chronos LLC, HSCM Fund One, HSCM Fund Two and HSCM (collectively, the "HSCM Holders"), and therefore may be deemed to be the beneficial owners of all the ordinary shares beneficially owned by the HSCM Holders. Messrs. Singhal and Millette, HSCM Fund One, HSCM Fund Two and HSCM disclaim beneficial ownership of the ordinary shares except to the extent of their respective pecuniary interests therein.