Rhett Bennett - 23 Dec 2022 Form 4 Insider Report for Metals Acquisition Corp

Role
Director
Signature
By: /s/ John Rhett Miles Bennett
Issuer symbol
N/A
Transactions as of
23 Dec 2022
Net transactions value
$0
Form type
4
Filing time
27 Dec 2022, 13:33:43 UTC
Previous filing
13 Oct 2021
Next filing
10 Apr 2023
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 MTAL Class B Ordinary Shares Disposed to Issuer -20,000 -11% 170,000 23 Dec 2022 Class A Ordinary Shares 20,000 See Footnote F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Class B Ordinary Shares will automatically convert into shares of the Issuer's 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 under the heading "Description of Securities" in the Issuer's registration statement on Form S-1 (File No. 333-257854) (the "Registration Statement") and have no expiration date.
F2 In connection with certain adjustments to executive compensation of the Issuer, the shares reported herein were transferred by Green Mountain Metals LLC ("GMM"), the beneficial owner of the shares reported herein, as executive compensation.
F3 GMM is the beneficial owner of the shares reported herein. Black Mountain Storage LLC, an entity 100% owned by the Reporting Person, ("BMS") holds 170,000 Class B units in GMM, which entitles BMS to an equivalent number of the Issuer's Class B Ordinary Shares on distribution.