Jeb Spencer - Dec 9, 2021 Form 3 Insider Report for Southport Acquisition Corp (PORT)

Role: Chief Executive Officer, Director, 10%+ Owner
Signature: /s/ Jeb Spencer
Stock symbol: PORT
Transactions as of: Dec 9, 2021
Transactions value $: $0
Form type: 3
Date filed: 12/9/2021, 07:52 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	PORT	Class B Common Stock							Dec 9, 2021	Class A Common Stock	5.75M		By Southport Acquisition Sponsor LLC	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Shares of Class B Common Stock will automatically convert into shares of the Issuer's Class A Common Stock at the time of the Issuer's initial business combination, or at any time prior thereto at the option of the holder, on a one-for-one basis, subject to adjustment, as described under the heading "Description of Securities" in the Issuer's registration statement on Form S-1 (File No. 333-261370), and have no expiration date.
F2	The securities are held by Southport Acquisition Sponsor LLC. The Reporting Person is one of the two members of the board of managers of Southport Acquisition Sponsor LLC, and shares voting and dispositive power over and may be deemed to beneficially own such shares held by Southport Acquisition Sponsor LLC. The Reporting Person disclaims beneficial ownership over any securities owned by Southport Acquisition Sponsor LLC other than to the extent of any pecuniary interest he may have therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.

Content

Shares of Class B Common Stock will automatically convert into shares of the Issuer's Class A Common Stock at the time of the Issuer's initial business combination, or at any time prior thereto at the option of the holder, on a one-for-one basis, subject to adjustment, as described under the heading "Description of Securities" in the Issuer's registration statement on Form S-1 (File No. 333-261370), and have no expiration date.

The securities are held by Southport Acquisition Sponsor LLC. The Reporting Person is one of the two members of the board of managers of Southport Acquisition Sponsor LLC, and shares voting and dispositive power over and may be deemed to beneficially own such shares held by Southport Acquisition Sponsor LLC. The Reporting Person disclaims beneficial ownership over any securities owned by Southport Acquisition Sponsor LLC other than to the extent of any pecuniary interest he may have therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.