Rhett Bennett - Dec 23, 2022 Form 4 Insider Report for Metals Acquisition Corp (MTAL)

Role
Director
Signature
By: /s/ John Rhett Miles Bennett
Stock symbol
MTAL
Transactions as of
Dec 23, 2022
Transactions value $
$0
Form type
4
Date filed
12/27/2022, 01:33 PM
Previous filing
Oct 13, 2021
Next filing
Apr 10, 2023

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 -20K -10.53% 170K Dec 23, 2022 Class A Ordinary Shares 20K 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.