Blair Garrou - Aug 20, 2021 Form 4 Insider Report for Mercury Ecommerce Acquisition Corp (SEPA)

Role
Director, 10%+ Owner
Signature
/s/ M. Blair Garrou
Stock symbol
SEPA
Transactions as of
Aug 20, 2021
Transactions value $
$0
Form type
4
Date filed
8/24/2021, 09:16 PM
Previous filing
Aug 3, 2021
Next filing
Feb 23, 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 SEPA Class B common stock Other $0 -521K -13.07% $0.00 3.47M Jul 30, 2021 Class A common stock 521K 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 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 pursuant to certain anti-dilution rights, and has no expiration date.
F2 This Form 4 reflects the automatic surrender to the Issuer of 520,875 shares of Class B common stock for no consideration by Mercury Sponsor Group I LLC pursuant to contractual arrangements with the Issuer, triggered by the election by the underwriter of the issuer's initial public offering not to exercise its option to purchase additional units.
F3 Mercury Sponsor Group I LLC is the record holder of the shares reported herein. M. Blair Garrou is a manager of Mercury Sponsor Group I LLC. Affiliates of M. Blair Garrou own 50% of the economic interest of Mercury Sponsor Group I LLC. As such, M. Blair Garrou may be deemed to have beneficial ownership of the Class B common stock held directly by Mercury Sponsor Group I LLC. M. Blair Garrou disclaims beneficial ownership over any securities owned by Mercury Sponsor Group I LLC in which he does not have any pecuniary interest.