Morgan Callagy - Dec 16, 2021 Form 3 Insider Report for Revelstone Capital Acquisition Corp. (RCAC)

Signature
/s/ Morgan Callagy
Stock symbol
RCAC
Transactions as of
Dec 16, 2021
Transactions value $
$0
Form type
3
Date filed
12/16/2021, 08:18 PM
Next filing
Jan 14, 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 RCAC Class B common stock Dec 16, 2021 Class A common stock 607K Direct F1
holding RCAC Class B common stock Dec 16, 2021 Class A common stock 518K 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 issuer's registration statement on Form S-1 (File No. 333-261352) under the heading "Description of Securities," the shares of Class B common stock of the issuer will automatically convert into shares of Class A common stock of the issuer at the time of the issuer's initial business combination or earlier at the option of the holders thereof, on a one-for-one basis, subject to certain adjustments described therein, and have no expiration date.
F2 These shares represent 517,500 shares of Class B common stock are held by La Jolla Group, Inc., of which the reporting person is a director. As a director of La Jolla Group, Inc., Mr. Callagy has voting and dispositive power over the securities held directly by La Jolla Group, Inc., and disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly.