Jay Bhatt - Mar 13, 2023 Form 4 Insider Report for Agile Growth Corp. (AGGRU)

Role
Chief Executive Officer and Chief Financial Officer, Director, 10%+ Owner
Signature
/s/ Jay Bhatt
Stock symbol
AGGRU
Transactions as of
Mar 13, 2023
Transactions value $
$0
Form type
4
Date filed
3/15/2023, 06:30 PM

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 AGGRU Class B ordinary shares Disposed to Issuer $0 -7.75M -100% $0.00 1 Mar 13, 2023 Class A ordinary shares 7.75M Agile Growth Sponsor, LLC F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This Form 4 reflects the surrender to the Issuer of 7,749,999 Class B ordinary shares (the "Class B Shares") for no consideration by Agile Growth Sponsor, LLC (the "Sponsor") pursuant to a Share Surrender Letter, dated March 13, 2023, by and between the Sponsor and the Issuer.
F2 The Class B Shares would have automatically converted into Class A ordinary shares, par value $0.0001 per share, of the Issuer at the time of the Issuer's initial business combination on a one-for-one basis, subject to adjustment for share subdivisions, share capitalizations, reorganizations, recapitalizations and the like, and certain anti-dilution rights and have no expiration date.
F3 The securities reported herein are held directly by the Sponsor. The Reporting Person controls the Sponsor, and as such, has voting and investment discretion with respect to the securities held by the Sponsor and may be deemed to have beneficial ownership of the securities held directly by the Sponsor. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.

Remarks:

Chief Executive Officer and Chief Financial Officer