Benjamin G. Wolff - Sep 24, 2021 Form 4 Insider Report for Sarcos Technology & Robotics Corp (STRC)

Signature
/s/ Julie Wolff, Attorney-in-fact on behalf of Benjamin G. Wolff
Stock symbol
STRC
Transactions as of
Sep 24, 2021
Transactions value $
$500,000
Form type
4
Date filed
9/24/2021, 05:37 PM
Previous filing
May 12, 2021
Next filing
Dec 30, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STRC Common Stock Award $500K +50K +0.34% $10.00 14.6M Sep 24, 2021 See footnote F1
holding STRC Common Stock 5.42M Sep 24, 2021 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On April 5, 2021, the issuer entered into subscription agreements with certain investors (the PIPE Investors) pursuant to which the PIPE Investors agreed to purchase shares of the common stock of the issuer for $10.00 per share in connection with, and conditioned upon, the substantially concurrent consummation of certain transactions, including 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 Business Combination). As one of the PIPE Investors, on September 24, 2021, Mares Leg Capital, LLC (Mares Leg) acquired 50,000 shares of the common stock of the issuer for $10.00 per share. Mares Leg is an entity wholly owned by Mr. Wolff and his spouse Julie Wolff.
F2 Includes 287,205 restricted stock units ("RSU"), each RSU representing the right to receive one share of common stock of the issuer.