Israel Acquisitions Sponsor LLC - May 7, 2023 Form 4 Insider Report for Israel Acquisitions Corp (ISRL)

Role
10%+ Owner
Signature
/s/ Alex Greystoke - Israel Acquisitions Sponsor LLC, By: Alex Greystoke, Manager
Stock symbol
ISRL
Transactions as of
May 7, 2023
Transactions value $
$0
Form type
4
Date filed
5/9/2023, 05:00 PM
Previous filing
Jan 19, 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 ISRL Class B ordinary shares, par value $0.0001 Sale -95.9K -2% 4.7M May 7, 2023 Class A ordinary shares, par value $0.0001 95.5K Direct F1, F2, F3, F4
* 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, par value $0.0001 per share (the "Class B Ordinary Shares"), of Israel Acquisitions Corp (the "Issuer") are convertible into Class A ordinary shares, par value $0.0001 per share (the "Class A Ordinary Shares") of the Issuer upon either the consummation of the Issuer's initial business combination or earlier, at the option of the holder. The Class B Ordinary Shares have no expiration date.
F2 Pursuant to that certain securities assignment agreement (the "Securities Assignment Agreement"), effective as of May 7, 2023, by and between the Reporting Person and Mr. Aaron Greenberg, the Reporting Person agreed to assign and sell 95,500 shares of Class B Ordinary Shares to Mr. Aaron Greenberg for $9.55 (the "Purchased Shares").
F3 As part of the Securities Assignment Agreement, Mr. Greenberg agreed (i) that the Purchased Shares are subject to the restrictions (including the lock-up restrictions) and obligations as set forth in that certain Securities Subscription Agreement dated January 22, 2022, by and between the Reporting Person and the Issuer; (ii) to be a party to that certain letter agreement, dated January 12, 2023, by and between the Issuer and Mr. Greenberg and filed as Exhibit 10.1 to the Issuer's Form 8-K, filed on January 19, 2023; and (iii) that Mr.Greenberg will assign the Purchased Shares to the Reporting Person as of the earlier of (a) the date of the Issuer's initial business combination if, as of such date, Mr. Greenberg has not been principally engaged as an advisor to the Issuer during the 30 days prior to such date or (b) the liquidation of the Issuer, if such liquidation occurs.
F4 These Class B Ordinary Shares are held directly by the Issuer's sponsor, Israel Acquisitions Sponsor LLC (the "Sponsor"). The managers of the Sponsor are Mr. Alex Greystoke and Mr. Charles Ecalle. Mr. Greystoke and Mr. Ecalle have voting and dispositive power over the securities held by the Sponsor and each disclaim beneficial ownership over any securities owned by the Sponsor in which Mr. Greystoke and Mr. Ecalle, respectively, do not have a pecuniary interest.