Brian D. Finn - Jan 20, 2021 Form 4 Insider Report for Sarcos Technology & Robotics Corp (STRC)

Signature
BRIAN D. FINN By: /s/ Brian D. Finn
Stock symbol
STRC
Transactions as of
Jan 20, 2021
Transactions value $
$0
Form type
4
Date filed
4/14/2022, 05:37 PM
Previous filing
Apr 14, 2022
Next filing
Jun 14, 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
transaction STRC Class B Common Stock Other $0 -790K -11.45% $0.00 6.11M Jan 20, 2021 Class A Common Stock 790K By Rotor Sponsor LLC F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares of the Issuer's Class B Common Stock are automatically convertible into shares of the Issuer's Class A Common Stock at the time of the Issuer's initial business combination or earlier at the option of the holders thereof, in either case on a one-for-one basis, subject to certain adjustments. The Class B Common Stock has no expiration date.
F2 In connection with the consummation of the Issuer's initial public offering on January 20, 2021, Rotor Sponsor LLC ("Sponsor") forfeited 790,384 shares of Class B Common Stock to the Issuer for no consideration.
F3 Securities are held by Sponsor and indirectly by its managing member, Brian Finn, who is also the Issuer's Chief Executive Officer and a member of the Issuer's Board of Directors. Mr. Finn disclaims beneficial ownership of the securities held by Sponsor except to the extent of any pecuniary interest therein.

Remarks:

The Form 4 is being filed to report the forfeiture of shares of Class B Common Stock of Rotor Acquisition Corp (the "Issuer") at the closing of the Issuer's initial public offering. On September 24, 2021, the Issuer completed its initial business combination and, in connection therewith, changed its name to Sarcos Technology and Robotics Corporation.