Emerald ESG Advisors, LLC - Jan 14, 2022 Form 4 Insider Report for FTAC Emerald Acquisition Corp. (EMLD)

Role
10%+ Owner
Signature
/s/ Betsy Z. Cohen, Name: Betsy Z. Cohen, Title: Managing Member
Stock symbol
EMLD
Transactions as of
Jan 14, 2022
Transactions value $
$0
Form type
4
Date filed
1/19/2022, 04:13 PM
Previous filing
Dec 22, 2021

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 -87.6K -2.01% $0.00 4.27M Jan 14, 2022 Class A Common Stock 87.6K 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 Reporting Person forfeited 87,594 shares of Class B common stock to the Issuer for no consideration and cancellation because the underwriters of the Issuer's initial public offering partially exercised their over-allotment.