Neil S. Suslak - 08 Dec 2022 Form 4/A - Amendment Insider Report for Getaround, Inc (GETR)

Role: Director
Signature: /s/ Spencer Jackson, as Attorney-in-Fact
Issuer symbol: GETR
Transactions as of: 08 Dec 2022
Net transactions value: $0
Form type: 4/A - Amendment
Filing time: 08 Feb 2023, 19:55:20 UTC
Date Of Original Report: 12 Dec 2022
Previous filing: 13 Jul 2021
Next filing: 15 Dec 2022
SEC: View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Shares	Shares After	Date	Underlying Class	Amount	Ownership	Footnotes
transaction	GETR	Earnout Shares	Award	+1,306,302	1,306,302	08 Dec 2022	Common Stock	1,306,302	By Braemar Energy Ventures III, L.P.	F1, F2
transaction	GETR	Earnout Shares	Award	+37,118	37,118	08 Dec 2022	Common Stock	37,118	By Braemar/Getaround Investments II, LLC	F1, F2
transaction	GETR	Earnout Shares	Award	+172,632	172,632	08 Dec 2022	Common Stock	172,632	By Braemar/Getaround Investments, LLC	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Upon consummation of the Business Combination, the Reporting Person received the right to acquire shares of Common Stock as follows if, at any time during the period following the Closing Date and expiring on the seventh anniversary of the Closing Date, the volume-weighted average price of Common Stock equals or exceeds the respective price for any 20 trading days within any 30 consecutive trading days: 10.0% of the Earnout Shares at $13.50; 10.0% of the Earnout Shares at $17.00; 13.3% of the Earnout Shares at $25.00; 16.7% of the Earnout Shares at $30.00; 16.7% of the Earnout Shares at $37.00; 16.7% of the Earnout Shares at $46.00; and 16.7% of the Earnout Shares at $55.00.
F2	The securities are held directly by Braemar Energy Ventures III, L.P., Braemar/Getaround Investments II, LLC and Braemar/Getaround Investments, LLC (collectively, the "Braemar Funds"). Mr. Suslak is the Managing Partner of Braemar Energy Ventures, which is the General Partner of each of the Braemar Funds. Mr. Suslak shares voting and investment power over the shares held by each of the Braemar Funds with William D. Lese and Donald F. Tappan, III.

Content

Upon consummation of the Business Combination, the Reporting Person received the right to acquire shares of Common Stock as follows if, at any time during the period following the Closing Date and expiring on the seventh anniversary of the Closing Date, the volume-weighted average price of Common Stock equals or exceeds the respective price for any 20 trading days within any 30 consecutive trading days: 10.0% of the Earnout Shares at $13.50; 10.0% of the Earnout Shares at $17.00; 13.3% of the Earnout Shares at $25.00; 16.7% of the Earnout Shares at $30.00; 16.7% of the Earnout Shares at $37.00; 16.7% of the Earnout Shares at $46.00; and 16.7% of the Earnout Shares at $55.00.

The securities are held directly by Braemar Energy Ventures III, L.P., Braemar/Getaround Investments II, LLC and Braemar/Getaround Investments, LLC (collectively, the "Braemar Funds"). Mr. Suslak is the Managing Partner of Braemar Energy Ventures, which is the General Partner of each of the Braemar Funds. Mr. Suslak shares voting and investment power over the shares held by each of the Braemar Funds with William D. Lese and Donald F. Tappan, III.

Remarks:

This amendment to Form 4 is being filed to correct an error in the number of Earnout Shares that the Reporting Person received the right to acquire upon the consummation of the Business Combination reported in the original Form 4 filed on December 12, 2022. Capitalized terms not defined herein shall have the meaning assigned to them in the original Form 4 filed on December 12, 2022.