Seaport Global SPAC II, LLC - Feb 14, 2023 Form 4 Insider Report for Seaport Global Acquisition II Corp. (SGII)

Role: 10%+ Owner
Signature: Seaport Global SPAC II LLC By: /s/ Stephen Smith CEO of Managing Member of Seaport Global SPAC II, LLC
Stock symbol: SGII
Transactions as of: Feb 14, 2023
Transactions value $: $0
Form type: 4
Date filed: 2/16/2023, 07:30 PM
Previous filing: Nov 17, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SGII	Class A common stock, $0.0001 par value	Conversion of derivative security	$0	+3.39M		$0.00	3.39M	Feb 16, 2023	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	SGII	Class B Common Stock	Gift	$0	-200K	-5.57%	$0.00	3.39M	Feb 14, 2023	Class A Common Stock	200K	$0.00	Direct	F1, F2
transaction	SGII	Class B Common Stock	Conversion of derivative security	$0	-3.39M	-100%	$0.00^*	0	Feb 16, 2023	Class A Common Stock	3.39M	$0.00	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On February 14, 2023, the reporting person contributed 200,000 shares of Class B Common Stock to the Issuer's IPO Trust Account, for the benefit of the public shares that were not redeemed by the public shareholders in connection with the special meeting of shareholders held on February 13, 2023.
F2	As described in the Issuer's Current Report on Form 8-K filed with the Securities Exchange Commission on February 15, 2023, the Issuer's amended and restated certificate of incorporation was amended to provide that the shares of Class B common stock may be converted into shares of Class A common stock on a one-for-one basis prior to the closing of a business combination at the election of the holder. On February 14, 2023, the reporting person elected to convert its shares of Class B common stock into shares of Class A common stock.

Content

On February 14, 2023, the reporting person contributed 200,000 shares of Class B Common Stock to the Issuer's IPO Trust Account, for the benefit of the public shares that were not redeemed by the public shareholders in connection with the special meeting of shareholders held on February 13, 2023.

As described in the Issuer's Current Report on Form 8-K filed with the Securities Exchange Commission on February 15, 2023, the Issuer's amended and restated certificate of incorporation was amended to provide that the shares of Class B common stock may be converted into shares of Class A common stock on a one-for-one basis prior to the closing of a business combination at the election of the holder. On February 14, 2023, the reporting person elected to convert its shares of Class B common stock into shares of Class A common stock.