AP Sponsor LLC - Dec 16, 2021 Form 3 Insider Report for AP Acquisition Corp (APCA)

Role
10%+ Owner
Signature
/S/ Richard Lee Folsom
Stock symbol
APCA
Transactions as of
Dec 16, 2021
Transactions value $
$0
Form type
3
Date filed
12/16/2021, 05:07 AM

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 APCA Class B ordinary shares Dec 16, 2021 Class A ordinary shares 4.22M Direct F1, F2, F3
* 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. 333-261440) 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, 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 562,500 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 Richard Lee Folsom is the manager of AP Sponsor LLC and has voting and investment discretion with respect to the ordinary shares held of record by AP Sponsor LLC.