Bhargava Marepally - Aug 30, 2021 Form 4 Insider Report for StoneBridge Acquisition Corp. (APAC)

Role: Chief Executive Officer, Director, 10%+ Owner
Signature: /s/ Bhargava Marepally
Stock symbol: APAC
Transactions as of: Aug 30, 2021
Transactions value $: $0
Form type: 4
Date filed: 3/4/2022, 09:34 AM
Previous filing: Jul 15, 2021
Next filing: Mar 12, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	APAC	Class B ordinary shares, par value $0.0001	Other	$0	-750K	-13.04%	$0.00	5M	Aug 30, 2021	By StoneBridge Acquisition Sponsor LLC	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	As described in StoneBridge Acquisition Corp.'s (the "Issuer") registration statement on Form S-1 (File No. 333-253641), as amended (the "Registration Statement") and the Reporting Person's Initial Statement of Beneficial Ownership of Securities on Form 3, 750,000 Class B ordinary shares, par value $0.0001 per share (the "Class B ordinary shares"), were subject to forfeiture to the extent that the underwriters did not fully or partially exercise their over-allotment option in the Issuer's initial public offering of its securities. The underwriters did not exercise their over-allotment option, resulting in the Reporting Person forfeiting 750,000 Class B ordinary shares.
F2	StoneBridge Acquisition Sponsor LLC, a Delaware limited liability company (the "Sponsor"), is the record holder of such Class B ordinary shares. The Class B ordinary shares will automatically convert into Class A ordinary shares at the time of the Issuer's initial business combination on a one-for-one basis, subject to adjustment, as described in the Registration Statement. Mr. Marepally is one of the managing members of the Sponsor. As such, Mr. Marepally may be deemed to share beneficial ownership of such Class B ordinary shares held directly by the Sponsor. The filing of this statement shall not be deemed to be an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the Reporting Person is the beneficial owner of any securities reported herein.

Content

As described in StoneBridge Acquisition Corp.'s (the "Issuer") registration statement on Form S-1 (File No. 333-253641), as amended (the "Registration Statement") and the Reporting Person's Initial Statement of Beneficial Ownership of Securities on Form 3, 750,000 Class B ordinary shares, par value $0.0001 per share (the "Class B ordinary shares"), were subject to forfeiture to the extent that the underwriters did not fully or partially exercise their over-allotment option in the Issuer's initial public offering of its securities. The underwriters did not exercise their over-allotment option, resulting in the Reporting Person forfeiting 750,000 Class B ordinary shares.

StoneBridge Acquisition Sponsor LLC, a Delaware limited liability company (the "Sponsor"), is the record holder of such Class B ordinary shares. The Class B ordinary shares will automatically convert into Class A ordinary shares at the time of the Issuer's initial business combination on a one-for-one basis, subject to adjustment, as described in the Registration Statement. Mr. Marepally is one of the managing members of the Sponsor. As such, Mr. Marepally may be deemed to share beneficial ownership of such Class B ordinary shares held directly by the Sponsor. The filing of this statement shall not be deemed to be an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the Reporting Person is the beneficial owner of any securities reported herein.