Emerald ESG Advisors, LLC - 20 Dec 2021 Form 3 Insider Report for FTAC Emerald Acquisition Corp. (FLD)

Role: 10%+ Owner
Signature: /s/ Betsy Z. Cohen, Managing Member
Issuer symbol: FLD
Transactions as of: 20 Dec 2021
Net transactions value: $0
Form type: 3
Filing time: 22 Dec 2021, 16:31:38 UTC
Next filing: 19 Jan 2022
SEC: View on sec.gov

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	EMLD	Class B Common Stock, par value $0.0001							20 Dec 2021	Class A Common Stock	4,353,333		Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	The Class B common stock will automatically convert into Class A common stock at the time of the Issuer's initial business combination on a one-for-one basis, subject to certain adjustments described in the Issuer's charter documents and has no expiration date.
F2	The Class B common stock held by the Reporting Person was acquired from Emerald ESG Sponsor, LLC ("Sponsor") through a distribution by Sponsor to the Reporting Person, the member of Sponsor. The Class B common stock owned by the Reporting Person includes up to 726,194 shares of common stock that are subject to forfeiture in the event the underwriter of the Issuer's initial public offering does not exercise in full its over-allotment option.

Content

The Class B common stock will automatically convert into Class A common stock at the time of the Issuer's initial business combination on a one-for-one basis, subject to certain adjustments described in the Issuer's charter documents and has no expiration date.

The Class B common stock held by the Reporting Person was acquired from Emerald ESG Sponsor, LLC ("Sponsor") through a distribution by Sponsor to the Reporting Person, the member of Sponsor. The Class B common stock owned by the Reporting Person includes up to 726,194 shares of common stock that are subject to forfeiture in the event the underwriter of the Issuer's initial public offering does not exercise in full its over-allotment option.