Benjamin G. Wolff - Sep 8, 2023 Form 4 Insider Report for Sarcos Technology & Robotics Corp (STRC)

Role
Director
Signature
/s/ Stephen Sonne, Attorney-in-fact on behalf of Benjamin G. Wolff
Stock symbol
STRC
Transactions as of
Sep 8, 2023
Transactions value $
$0
Form type
4
Date filed
9/12/2023, 04:42 PM
Previous filing
May 12, 2023
Next filing
Jan 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STRC Common Stock Other $0 -1.25M -76.54% $0.00 383K Sep 8, 2023 See footnote F1, F2, F3
transaction STRC Common Stock Other $0 +1.25M +205.33% $0.00 1.86M Sep 8, 2023 Direct F1, F2
transaction STRC Common Stock Gift $0 -1.25M -67.25% $0.00 609K Sep 8, 2023 Direct F2
holding STRC Common Stock 904 Sep 8, 2023 By spouse F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On September 8, 2023, Mare's Leg Capital, LLC ("MLC") transferred 1,250,000 shares to Benjamin Wolff and his spouse Julie Wolff as members of MLC for no consideration. Subsequently, on September 8, 2023, Mr. Wolff and Mrs. Wolff transferred the shares they received from MLC to three trusts created for estate planning purposes. Specifically, Mr. Wolff and Mrs. Wolff transferred 416,666 shares to Corrival Trust, 416,667 shares to WXW Trust and 416,667 shares to Mare's Leg Trust (each, a "Trust" ), as a gift for no consideration for estate planning purposes. The trustee of each Trust is Willow Street Trust Company of Wyoming, LLC and the beneficiaries of each Trust are Mr. Wolff and Mrs. Wolff together with their family.
F2 The reported number of shares has been adjusted to reflect the impact of the Issuer's 1-for-6 reverse stock split completed on July 5, 2023.
F3 Represents shares held by MLC, an entity wholly owned by Mr. Wolff and Mrs. Wolff.