R. Brad Martin - Aug 10, 2021 Form 4 Insider Report for Riverview Acquisition Corp. (RVAC)

Signature
/s/ R. Brad Martin, by William V. Thompson III, Attorney-in-Fact
Stock symbol
RVAC
Transactions as of
Aug 10, 2021
Transactions value $
-$300
Form type
4
Date filed
8/11/2021, 09:32 PM
Previous filing
Aug 5, 2021
Next filing
Sep 28, 2021

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 RVAC Class B Common Stock Other -$300 -75K -1.04% $0.00* 7.11M Aug 10, 2021 Class A Common Stock 75K See Footnote 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 shares of Class B common stock are automatically convertible into the shares of the Issuer's Class A common stock at the time of the Issuer's initial business combination on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights, and have no expiration date.
F2 In connection with the Issuer's initial public offering and the appointment of Willie Gregory, Leslie Keating and Mark Edmunds to the Issuer's Board of Directors, Riverview Sponsor Partners, LLC (the "Sponsor") assigned 25,000 shares of Class B common stock to each of Willie Gregory, Leslie Keating and Mark Edmunds.
F3 These shares include an aggregate of 937,500 shares of Class B common stock that are subject to forfeiture if the underwriters in the Issuer's initial public offering do not exercise their over-allotment option in connection with the registrant's initial public offering in full.
F4 These shares of Class B common stock are held directly by the Sponsor, acquired pursuant to a subscription agreement dated as of February 18, 2021 by and among the Sponsor and the registrant. R. Brad Martin, the Chairman and Chief Executive Officer of the registrant, is the managing member of RBM Riverview, LLC, which is the managing member of the Sponsor. Mr. Martin has sole voting and dispositive control over the shares held by the Sponsor and may be deemed the beneficial owner of such shares. Mr. Martin disclaims beneficial ownership over any securities owned by the Sponsor in which he does not have any pecuniary interest.