Jorgen Pedersen - Apr 25, 2022 Form 3 Insider Report for Sarcos Technology & Robotics Corp (STRC)

Signature
/s/ Steve Sonne, attorney-in-fact on behalf of Jorgen Pedersen
Stock symbol
STRC
Transactions as of
Apr 25, 2022
Transactions value $
$0
Form type
3
Date filed
5/5/2022, 04:40 PM
Next filing
May 23, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding STRC Common Stock 6.18M Apr 25, 2022 Direct F1, F2
* 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 Technology and Robotics Corporation ("Sarcos") acquired on April 25, 2022, upon the completion of the acquisition of RE2, Inc., and pursuant to the Agreement and Plan of Reorganization (the "Merger Agreement") with Spiral Merger Sub I, Inc., a Delaware corporation and a wholly owned subsidiary of Sarcos, and Spiral Merger Sub II, LLC, a Delaware limited liability company and a wholly owned subsidiary of Sarcos, RE2, Inc., a Pennsylvania corporation, and Draper Triangle Ventures III, LP, a Delaware limited partnership, solely in its capacity as the agent for and on behalf of the shareholders of RE2 under the Merger Agreement. The Merger Agreement and the transactions contemplated therein, including the issuance of stock consideration, were approved by the board of directors of Sarcos.
F2 The shares of common stock include (a) 1,400,000 shares subject to a right of redemption of Sarcos in the event of the reporting person's resignation without good reason or termination for cause (as such terms are defined in the reporting person's employment agreement) pursuant to that certain Redemption Rights Agreement, dated March 27, 2022, between the reporting person and Sarcos and (b) 64,844 shares to be held in escrow for a period of eighteen months pursuant to the Merger Agreement for the satisfaction of certain indemnification and purchase price adjustment provisions thereof.