David A. Friedberg - 24 Sep 2021 Form 4 Insider Report for TPB Acquisition Corp I

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Peter Byrne, Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
24 Sep 2021
Net transactions value
$0
Form type
4
Filing time
28 Sep 2021, 16:45:38 UTC
Previous filing
10 Aug 2021
Next filing
19 Nov 2021
SEC
View on sec.gov

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 TPBAU Class B ordinary shares Other -522,176 -11% 4,404,074 24 Sep 2021 Class A ordinary shares 522,176 By LLC 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 on Form S-1 (File No. 333-253325) under the heading "Description of Securities", the Class B ordinary shares, par value $0.0001 per share, will automatically convert into Class A ordinary shares, par value $0.0001 per share, of the issuer at the time of the issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to adjustment for share splits, share capitalizations, reorganizations, recapitalizations and the like, and certain anti-dilution rights and have no expiration date.
F2 This Form 4 reflects the automatic surrender to the issuer of 522,176 of the issuer's shares of Class B ordinary shares, par value $0.0001 per share, for no consideration by the reporting person pursuant to contractual arrangements with the issuer, triggered by the expiration of the option of the underwriter of the issuer's initial public offering to purchase additional units.
F3 David Friedberg controls TPB Acquisition Sponsor I, LLC (the "Sponsor") and as such has voting and investment discretion with respect to the securities held by the Sponsor and may be deemed to have beneficial ownership of the securities held directly by the Sponsor.