Jorge de Pablo - Oct 8, 2021 Form 4 Insider Report for Enphys Acquisition Corp. (NFYS)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Jorge de Pablo, as authorized signatory
Stock symbol
NFYS
Transactions as of
Oct 8, 2021
Transactions value $
$8,899,795
Form type
4
Date filed
10/13/2021, 06:01 PM
Previous filing
Oct 5, 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 NFYS Warrant to Purchase Common Stock (right to buy) Purchase $8.9M +8.9M +104.15% $1.00* 17.4M Oct 8, 2021 Class A Ordinary Shares 8.9M $11.50 See footnote F1, F2, F3
transaction NFYS Class B Common Stock Other -$205 -2.05M -11.75% $0.00* 15.4M Oct 8, 2021 Class A Ordinary Shares 2.05M See footnote F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The warrants become exercisable on the later of (i) 30 days after the completion of the registrant's initial business combination and (ii) 12 months from the closing of the registrant's initial public offering.
F2 The warrants expire 5 years after the completion of the registrant's initial business combination or earlier upon redemption or liquidation, as described in the registrant's prospectus filed with the SEC (File No. 333-257932).
F3 The securities are held directly by Enphys Acquisition Sponsor LLC (the "Sponsor"). Mr. de Pablo may be deemed to beneficially own securities held by the Sponsor by virtue of his control over the Sponsor. Mr. de Pablo disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
F4 As described in the Registration Statement under the heading "Description of Securities," the Class B ordinary shares automatically convert into the number of shares of Class A ordinary shares of the Issuer at the time of the Issuer's initial business combination on a one-for-one basis, subject to certain adjustments, and have no expiration date.
F5 Such number of shares were cancelled as described in the Registration Statement.