OTR Acquisition Sponsor LLC - 06 May 2022 Form 4 Insider Report for OTR Acquisition Corp.

Role
10%+ Owner
Signature
/s/ Nicholas J. Singer
Issuer symbol
N/A
Transactions as of
06 May 2022
Net transactions value
$0
Form type
4
Filing time
10 May 2022, 08:51:21 UTC
Next filing
20 May 2022
SEC
View on sec.gov

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 OTRA Class B Common Stock Other $0 -1,305,920 -50% $0.000000 1,305,918 06 May 2022 Class A Common Stock 1,305,920 Direct F1, F2
transaction OTRA Warrants Other $0 -5,817,757 -100% $0.000000* 0 06 May 2022 Class A Common Stock 5,817,757 $11.50 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 As described in the OTR Acquisition Corp.'s registration statement on Form S-1 (File No. 333-248093) under the heading "Description of Securities," the Class B common stock of the issuer will automatically convert into Class A common stock of the issuer at the time of the issuer's initial business combination or earlier at the option of the holders thereof, on a one-for-one basis, subject to certain adjustments described therein, and have no expiration date.
F2 On May 6, 2022, OTR Acquisition Sponsor LLC (the "Sponsor") transferred an aggregate of 1,305,920 shares of Class B common stock, par value U.S. $0.0001 per share, of OTR Acquisition Corp. ("Founder Shares") and 5,817,757 warrants previously held by the Sponsor to certain members of the Sponsor.
F3 The warrants are not exercisable until 30 days after the issuer's initial business combination and expire five years from the consummation of the issuer's initial business combination.