Mannelly Matthew - Apr 29, 2022 Form 4 Insider Report for CC Neuberger Principal Holdings III (PRPC)

Role: Director
Signature: /s/ Matthew Skurbe, as attorney-in-fact for Matthew Mannelly
Stock symbol: PRPC
Transactions as of: Apr 29, 2022
Transactions value $: $0
Form type: 4
Date filed: 5/2/2022, 09:46 PM
Previous filing: Mar 3, 2022
Next filing: Jun 15, 2022

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	PRPC	Class B ordinary shares	Purchase		+40K			40K	Apr 29, 2022	Class A ordinary shares	40K		Direct	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 the issuer's registration statement on Form S-1 (File No. 333-252104) under the heading "Description of Securities--Founder Shares", the Class B ordinary shares, par value $0.0001 ("Class B Ordinary Shares"), will automatically convert into Class A ordinary shares, par value $0.0001, of the issuer at the time of the issuer's initial business combination on a one-for-one basis, subject to adjustment for share splits, share capitalizations, reorganizations, recapitalizations and the like, and certain anti-dilution rights and have no expiration date.
F2	On April 29, 2022, CC Neuberger Principal Holdings III Sponsor LLC, the issuer's sponsor (the "Sponsor"), transferred 40,000 Class B Ordinary Shares to the reporting person for $0.001 per share, the initial purchase price per share paid by the Sponsor for its Class B Ordinary Shares.

Content

As described in the issuer's registration statement on Form S-1 (File No. 333-252104) under the heading "Description of Securities--Founder Shares", the Class B ordinary shares, par value $0.0001 ("Class B Ordinary Shares"), will automatically convert into Class A ordinary shares, par value $0.0001, of the issuer at the time of the issuer's initial business combination on a one-for-one basis, subject to adjustment for share splits, share capitalizations, reorganizations, recapitalizations and the like, and certain anti-dilution rights and have no expiration date.

On April 29, 2022, CC Neuberger Principal Holdings III Sponsor LLC, the issuer's sponsor (the "Sponsor"), transferred 40,000 Class B Ordinary Shares to the reporting person for $0.001 per share, the initial purchase price per share paid by the Sponsor for its Class B Ordinary Shares.