Brian D. Finn - Sep 24, 2021 Form 3 Insider Report for Sarcos Technology & Robotics Corp (STRC)

Role
Director, 10%+ Owner
Signature
/s/ Julie Wolff, Attorney-in-fact on behalf of Brian Finn
Stock symbol
STRC
Transactions as of
Sep 24, 2021
Transactions value $
$0
Form type
3
Date filed
9/24/2021, 05:14 PM
Previous filing
Sep 14, 2021
Next filing
Oct 5, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding STRC Common Stock 8.94M Sep 24, 2021 See footnote F1, F2, F3, F4
holding STRC Common Stock 241K Sep 24, 2021 See footnote F1, F2, F5, F6
holding STRC Common Stock 5.67M Sep 24, 2021 See footnote F7, F8, F9

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 STRC Warrants Sep 24, 2021 Common Stock 5.97M $11.50 See footnote F9, F10, F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects shares of common stock, of Sarcos Corp. ("Sarcos"), acquired on September 24, 2021, upon the completion of the merger (the "Business Combination") pursuant to the Agreement and Plan of Merger, dated as of April 5, 2021, as amended on August 28, 2021, by and among Sarcos Corp., Rotor Merger Sub Corp. and Rotor Acquisition Corp. (the "Merger Agreement").
F2 At the effective time of the Business Combination (the "Effective Time"), each share of Sarcos Corp. common stock outstanding immediately prior to the Effective Time was converted into the right to receive approximately 5.129222424 shares of the common stock of Sarcos, subject to rounding.
F3 Represents shares of common stock held by Rotor Sarcos LLC ("Rotor-Sarcos").
F4 Mr. Finn has shared control of Rotor-Sarcos. As such, has shared voting and dispositive power over the shares owned by Rotor-Sarcos. Mr. Finn disclaims beneficial ownership of these shares except to the extent of any pecuniary interest therein.
F5 Represents shares held by Marstar Investments LLC ("Marstar").
F6 Mr. Finn is the administrator of Marstar and has sole voting and dispositive power over the shares that will be directly held by Marstar. Mr. Finn disclaims beneficial ownership of these shares except to the extent of any pecuniary interest therein.
F7 Represents former shares of Class B common stock of Sarcos predecessor company Rotor Acquisition Corp., which converted into shares of Common Stock of Sarcos upon closing of the Business Combination.
F8 Represents shares of common stock held by Rotor Sponsor LLC ("Rotor Sponsor").
F9 Mr. Finn is the managing member of Rotor Sponsor. As such, he has sole voting and dispositive power over the shares owned by Rotor Sponsor. Mr. Finn disclaims beneficial ownership of these shares except to the extent of any pecuniary interest therein.
F10 Represents warrants to purchase common stock held by Rotor Sponsor.
F11 The warrants will expire at 5:00 p.m., New York City time, on September 24, 2026 or earlier upon redemption or liquidation.