David William Neithardt - May 6, 2022 Form 4 Insider Report for OTR Acquisition Corp. (OTRA)

Role: Director
Signature: /s/ David William Neithardt
Stock symbol: OTRA
Transactions as of: May 6, 2022
Transactions value $: $0
Form type: 4
Date filed: 5/10/2022, 08:55 AM
Next filing: May 20, 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	OTRA	Class B Common Stock	Other	$0	+157K		$0.00	157K	May 6, 2022	Class A Common Stock	157K		See Footnote	F1, F2, F4
transaction	OTRA	Warrants	Other	$0	+784K		$0.00	784K	May 6, 2022	Class A Common Stock	784K	$11.50	See Footnote	F2, F3, F4

* 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, par value U.S. $0.0001 per share, of the issuer (the "Founder Shares") 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, including 157,287 Founder Shares and 784,212 warrants to the reporting person.
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.
F4	Securities held directly by Hammock Park Capital LLC. The reporting person is the manager of Hammock Park Capital LLC. Beaumont Irrevocable Trust, of which the reporting person is a Trustee, owns 100% of Hammock Park Capital LLC. As such, the reporting person may be deemed to have beneficial ownership of such shares. The reporting person disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly.