Gary Begeman - Oct 27, 2022 Form 4 Insider Report for Endurance Acquisition Corp. (EDNC)

Role
Director
Signature
/s/ Tyler Miller as attorney-in-fact for Gary Begeman
Stock symbol
EDNC
Transactions as of
Oct 27, 2022
Transactions value $
$0
Form type
4
Date filed
10/31/2022, 05:15 PM
Previous filing
Sep 15, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EDNC Class A Ordinary Shares Options Exercise $0 +35K $0.00 35K Oct 27, 2022 Direct
transaction EDNC Class A Ordinary Shares Disposed to Issuer -35K -100% 0 Oct 27, 2022 Direct F1, F2

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 EDNC Class B Ordinary Shares Options Exercise -35K -100% 0 Oct 27, 2022 Class A Ordinary Shares 35K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Gary Begeman is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Pursuant to the Business Combination Agreement, dated March 8, 2022, as amended, by and among the Issuer, SatixFy Communications Ltd., a limited liability company organized under the laws of the State of Israel ("SatixFy"), and SatixFy MS, a Cayman Islands exempted company and a direct, wholly owned subsidiary of SatixFy ("Merger Sub"), on October 27, 2022 Merger Sub merged with and into the Issuer, with the Issuer surviving as a wholly-owned subsidiary of SatixFy (the "Business Combination").
F2 As a result of the Business Combination, (i) each Class B ordinary share of the Issuer was automatically converted into one Class A ordinary share of the Issuer and (ii) each issued and outstanding Class A ordinary share of the Issuer was exchanged for one ordinary share of SatixFy.