Emerald ESG Sponsor, LLC - 20 Dec 2021 Form 4 Insider Report for FTAC Emerald Acquisition Corp. (FLD)

Role
10%+ Owner
Signature
/s/ Betsy Z. Cohen, Name: Betsy Z. Cohen, Title: Managing Member
Issuer symbol
FLD
Transactions as of
20 Dec 2021
Net transactions value
$0
Form type
4
Filing time
22 Dec 2021, 16:33:27 UTC
Previous filing
15 Dec 2021
Next filing
19 Jan 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EMLD Class A Common Stock, par value $0.0001 Purchase +890,000 890,000 20 Dec 2021 Direct F1

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 EMLD Class B Common Stock, par value $0.0001 Other $0 -4,353,333 -50% $0.000000 4,410,000 20 Dec 2021 Class A Common Stock 4,353,333 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person purchased 890,000 units of FTAC Emerald Acquisition Corp. (the "Issuer") in a private placement that closed simultaneously with the Issuer's initial public offering for an aggregate purchase price of $8,900,000. Each unit consists of one share of the Issuer's Class A Common Stock, par value $0.0001, and one-half of one redeemable warrant, as described under the heading "Description of Securities - Units - Placement Units" in the Issuer's registration statement on Form S-1 (File No. 333-261254).
F2 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.
F3 4,353,333 shares of Class B common stock held by the Reporting Person were distributed to its member, Emerald ESG Advisors, LLC ("Advisors"). The Class B common stock distributed to Advisors includes up to 726,194 shares of Class B 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.