Robert Prather - Feb 7, 2022 Form 4 Insider Report for Heartland Media Acquisition Corp. (HMA)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Robert S. Prather, Jr.
Stock symbol
HMA
Transactions as of
Feb 7, 2022
Transactions value $
$0
Form type
4
Date filed
2/9/2022, 03:21 PM
Previous filing
Jan 20, 2022
Next filing
May 16, 2022

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 HMA Class B common stock, $0.0001 par value per share Other -220K -4.36% 4.81M Feb 7, 2022 Class A common stock, $0.0001 par value per share 220K 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 Reflects the cancellation by the Issuer of 219,518 shares of Class B common stock, $0.0001 par value per share, which were automatically surrendered to the Issuer for no consideration by Heartland Sponsor LLC (the "Sponsor") pursuant to contractual arrangements with the Issuer, triggered by the election by the underwriters of the Issuer's initial public offering to partially exercise their option to purchase additional units and surrender their right to purchase the remainder of the option units.
F2 The shares of Class B common stock are convertible for shares of the Issuer's Class A common stock as described under the heading "Description of Securities" in the Issuer's Registration Statement on Form S-1(File No. 333-261374) (as amended, the "Registration Statement") and have no expiration date.
F3 The shares are held directly by the Sponsor. The managing member of the Sponsor is Robert S. Prather, Jr. Mr. Prather has sole voting and dispositive power over the shares held by the Sponsor and disclaims beneficial ownership over any securities owned by the Sponsor in which he does not have any pecuniary interest.