FTAC Olympus Sponsor, LLC - Jun 25, 2021 Form 4 Insider Report for FTAC Olympus Acquisition Corp. (FTOC)

Role: 10%+ Owner
Signature: /s/ Ryan M. Gilbert, Manager
Stock symbol: FTOC
Transactions as of: Jun 25, 2021
Transactions value $: -$8,318,330
Form type: 4
Date filed: 6/29/2021, 07:55 PM

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FTOC	Class A Common Stock	Options Exercise		+7.45M	+343.52%		9.62M	Jun 25, 2021	Direct	F1, F2
transaction	FTOC	Class A Common Stock	Disposed to Issuer		-9.62M	-100%		0	Jun 25, 2021	Direct	F2, 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	Ownership	Footnotes
transaction	FTOC	Warrants	Disposed to Issuer	-$8.32M	-723K	-100%	$11.50	0	Jun 25, 2021	Class A Common Stock	723K	Direct	F2, F4, F5, F6
transaction	FTOC	Class B Common Stock	Disposed to Issuer		-868K	-10%		7.81M	Jun 25, 2021	Class A Common Stock	868K	Direct	F2, F4, F7
transaction	FTOC	Class B Common Stock	Other		-526K	-6.73%		7.29M	Jun 25, 2021	Class A Common Stock	526K	Direct	F2, F7, F8
transaction	FTOC	Class B Common Stock	Other		+168K	+2.3%		7.45M	Jun 25, 2021	Class A Common Stock	168K	Direct	F2, F7, F8
transaction	FTOC	Class B Common Stock	Options Exercise		-7.45M	-100%		0	Jun 25, 2021	Class A Common Stock	7.45M	Direct	F1, F2, F7

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

FTAC Olympus Sponsor, LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	On June 25, 2021 (the "Closing Date"), FTAC Olympus Acquisition Corp. (the "Issuer") completed its reorganization (the "Reorganization") contemplated by that certain Agreement and Plan of Reorganization, dated as of February 3, 2021, as amended on February 16, 2021 and on May 10, 2021 (as it may be further amended or modified, the "Reorganization Agreement"), by and among the Issuer, New Starship Parent Inc. ("New Payoneer"), Starship Merger Sub I Inc., a Delaware corporation and wholly owned subsidiary of New Payoneer, Starship Merger Sub II Inc., a Delaware corporation and wholly owned subsidiary of New Payoneer, and Payoneer Inc., a Delaware corporation (the "Reorganization Agreement"), the parties effected a business combination, concurrent with the consummation of the Reorganization, the shares of Class B Common Stock were converted into Class A Common Stock of the Issuer.
F2	The reporting person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for any other purpose.
F3	Disposed of pursuant to the Reorganization Agreement in exchange for 9,624,365 shares of New Payoneer common stock on the Closing Date of the Reorganization.
F4	These securities were forfeited in connection with the Sponsor Share Surrender and Share Restriction Agreement entered into on February 3, 2021 between New Payoneer, Payoneer Inc., the Issuer, FTAC Olympus Advisors, LLC ("Olympus Advisors") and the reporting person in connection with the Reorganization.
F5	In the absence of the forfeiture, the warrants would become exercisable at the later of 30 days after the consummation of the Issuer's Reorganization or 12 months from the completion of the Issuer's initial public offering.
F6	The warrants would have expired five years after the consummation of the Issuer's Reorganization or earlier upon redemption of all of the Issuer's outstanding Class A ordinary shares or the Issuer's liquidation.
F7	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, subject to certain adjustments described in the Issuer's charter documents and have no expiration date.
F8	Represents shares transferred to other members of Olympus Advisors and the reporting person pursuant to certain side letters by and among certain members of Olympus Advisors and the reporting person.

Remarks:

On June 24, 2021, FTAC Olympus Acquisition Corp., a Delaware corporation, became the successor of FTAC Olympus Acquisition Corp., a Cayman Island exempted company, pursuant to a redomestication. The merger had the effect of changing of FTAC Olympus Acquisition Corp.'s domicile, but did not alter the proportionate interests of security holders.