Fifth Wall Acquisition Sponsor III, LLC - May 24, 2021 Form 3 Insider Report for Fifth Wall Acquisition Corp. III (FWAC)

Role
10%+ Owner
Signature
/s/ Andriy Mykhaylovskyy, Manager
Stock symbol
FWAC
Transactions as of
May 24, 2021
Transactions value $
$0
Form type
3
Date filed
5/24/2021, 08:27 PM
Next filing
May 27, 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
holding FWAC Class B Ordinary Shares May 24, 2021 Class A Ordinary Shares 7.07M Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 As described in the Issuer's Registration Statement under the heading "Description of Securities," the Class B Ordinary Shares will automatically convert into Class A Ordinary Shares of the Issuer at the time of the Issuer's initial business combination and have no expiration date.
F2 The shares of Class B Ordinary Shares owned by the Reporting Person includes up to 937,500 shares that are subject to forfeiture in the event the underwriters of the initial public offering of the issuer's securities do not exercise in full their over-allotment option as described in the issuer's registration statement.
F3 Fifth Wall Acquisition Sponsor III LLC, is the record holder of the shares reported herein. Fifth Wall Acquisition Sponsor III LLC is governed by two managers. Messr. Andriy Mykhaylovskyy and Brendan Wallace have shared voting and investment power over the shares held by Fifth Wall Acquisition Sponsor III LLC, and disclaim beneficial ownership of the shares held by Fifth Wall Acquisition Sponsor III LLC except to the extent of their pecuniary interest therein.