Emerald ESG Sponsor, LLC - 14 Jan 2022 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
14 Jan 2022
Net transactions value
$0
Form type
4
Filing time
19 Jan 2022, 16:13:40 UTC
Previous filing
22 Dec 2021
Next filing
19 Feb 2025
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 +86,081 +9.7% 976,081 14 Jan 2022 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 -60,598 -1.4% $0.000000 4,349,402 14 Jan 2022 Class A Common Stock 60,598 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 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).
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 60,598 shares of Class B common stock were forfeited by Sponsor to the Issuer for no consideration and cancelled because the underwriters of the Issuer's initial public offering partially exercised their over-allotment.