Betsy Z. Cohen - Jan 14, 2022 Form 4 Insider Report for FTAC Emerald Acquisition Corp. (EMLD)

Role: Director, 10%+ Owner
Signature: /s/ Betsy Cohen
Stock symbol: EMLD
Transactions as of: Jan 14, 2022
Transactions value $: $0
Form type: 4
Date filed: 1/19/2022, 04:12 PM
Previous filing: Dec 22, 2021
Next filing: Oct 10, 2024

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		+86.1K	+9.67%		976K	Jan 14, 2022	By Emerald ESG Sponsor, LLC	F1, F2

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	-60.6K	-1.37%	$0.00	4.35M	Jan 14, 2022	Class A Common Stock	60.6K		By Emerald ESG Sponsor, LLC	F1, F3, F4
transaction	EMLD	Class B Common Stock, par value $0.0001	Other	$0	-87.6K	-2.01%	$0.00	4.27M	Jan 14, 2022	Class A Common Stock	87.6K		By Emerald ESG Advisors, LLC	F1, F3, F5

* 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 86,081 units of FTAC Emerald Acquisition Corp. (the "Issuer") in a private placement that closed in connection with the underwriter's partial exercise of its over-allotment option, for an aggregate purchase price of $860,810. 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).
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	60,598 shares of Class B common stock were forfeited by Sponsor to the Issuer for no consideration and cancelled because the underwriters for the Issuer's initial public offering partially exercised their over-allotment option.
F5	87,594 shares of Class B common stock were forfeited by Advisors to the Issuer for no consideration and cancelled because the underwriters for the Issuer's initial public offering partially exercised their over-allotment option.