SCS Sponsor I LLC - Aug 19, 2022 Form 4 Insider Report for Akili, Inc. (AKLI)

Role
Former Director and 10% Owner
Signature
SCS SPONSOR I LLC and SC SPAC HOLDINGS LLC By: /s/ James Ryans, as Authorized Signatory AARON COWEN and KISHAN MEHTA By: /s/ James Ryans, as attorney-in-fact
Stock symbol
AKLI
Transactions as of
Aug 19, 2022
Transactions value $
$0
Form type
4
Date filed
8/23/2022, 05:28 PM
Previous filing
Aug 16, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AKLI Common Stock Options Exercise $0 +6.22M +971.88% $0.00 6.86M Aug 19, 2022 Direct F1, F2
transaction AKLI Common Stock Other $0 -6.86M -100% $0.00* 0 Aug 19, 2022 Direct F3

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 AKLI Class B ordinary shares Options Exercise $0 -6.22M -100% $0.00* 0 Aug 19, 2022 Class A ordinary shares 6.22M Direct F1, F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Class B ordinary shares, par value $0.0001 per share (each a "Class B ordinary share"), held by the reporting owner, SCS Sponsor I LLC (the "Sponsor"), converted to the Issuer's common stock, par value $0.0001 per share ("Common Stock"), on a one-for-one basis upon the consummation of the business combination between the Issuer and Akili Interactive Labs, Inc. (the "Business Combination").
F2 The Sponsor is managed by its managers, Chamath Palihapitiya and Kishan Mehta. A majority of the voting interests of the Sponsor are held by SC SPAC Holdings LLC, the successor by merger to ChaChaCha DNA I, LLC ("SC SPAC Holdings"). Messrs. Mehta and Cowen may be deemed to control the other member of the Sponsor. Messrs. Mehta and Cowen and SC SPAC Holdings may be deemed to beneficially own shares held by the Sponsor by virtue of their direct or indirect interests in the Sponsor or their shared control over the Sponsor, as the case may be.
F3 Represents the distribution for no consideration by the Sponsor of 6,860,000 shares of Common Stock to its members pro rata in accordance with their respective interests.
F4 The Class B ordinary shares converted to Common Stock on a one-for-one basis upon the consummation of the Business Combination.

Remarks:

The inclusion of the securities in this report shall not be deemed an admission by the reporting person of beneficial ownership of all of the reported securities for purposes of Section 16 of the Securities Exchange Act of 1934 or for any other purpose or that any of the transactions reported herein are subject to Section 16.