AF Sponsor LLC - 12 May 2021 Form 4 Insider Report for AF Acquisition Corp.

Role
10%+ Owner
Signature
AF SPONSOR LLC By: /s/ Andrew Scharf, Managing Member
Issuer symbol
N/A
Transactions as of
12 May 2021
Net transactions value
$0
Form type
4
Filing time
13 May 2021, 21:32:04 UTC
SEC
View on sec.gov

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 AFAQ Class B Ordinary Shares Other $0 -150,000 -2.6% $0.000000 5,600,000 12 May 2021 Class A Ordinary Shares 150,000 Direct F1, F2
* 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 will automatically convert into Class A ordinary shares at the time of the Issuer's initial business combination on a one-for-one basis. The Class B ordinary shares have no expiration date.
F2 As contemplated in connection with the initial public offering of the Issuer, 150,000 Class B ordinary shares of the Issuer were returned by the reporting person to the Issuer for no consideration and cancelled because the underwriters' over-allotment option was not fully exercised.