Betsy Cohen - Dec 20, 2021 Form 4 Insider Report for FTAC Emerald Acquisition Corp. (EMLD)

Role
Director, 10%+ Owner
Signature
/s/ Betsy Cohen
Stock symbol
EMLD
Transactions as of
Dec 20, 2021
Transactions value $
$0
Form type
4
Date filed
12/22/2021, 04:34 PM
Previous filing
Dec 15, 2021
Next filing
Jan 19, 2022

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 +890K 890K Dec 20, 2021 By Emerald ESG Sponsor, LLC F1, F2, F3

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 -4.35M -49.68% $0.00 4.41M Dec 20, 2021 Class A Common Stock 4.35M By Emerald ESG Sponsor, LLC F1, F3, F4
transaction EMLD Class B Common Stock, par value $0.0001 Other $0 +4.35M $0.00 4.35M Dec 20, 2021 Class A Common Stock 4.35M By Emerald ESG Advisors, LLC F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person is the managing member of each of Emerald ESG Sponsor, LLC, a Delaware limited liability company ("Sponsor"), and Emerald ESG Advisors, LLC, a Delaware limited liability company ("Advisors"). As such, the Reporting Person has voting and investment discretion with respect to the common stock held of record by Sponsor and Advisors, and may be deemed to have beneficial ownership of the common stock held directly by each of Sponsor and Advisors, and disclaims any beneficial ownership of the reported common stock other than to the extent of any pecuniary interest she may have therein, directly or indirectly.
F2 Sponsor 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 theheading "Description of Securities - Units - Placement Units" in the Issuer's registration statement on Form S-1 (File No. 333-261254).
F3 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.
F4 4,353,333 shares of Class B common stock held by Sponsor were distributed to Advisors, Sponsor's member. 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.