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

Role
Director
Signature
/s/ Amanda Abrams, as attorney-in-fact
Stock symbol
FTOC
Transactions as of
Jun 25, 2021
Transactions value $
$0
Form type
4
Date filed
6/29/2021, 08:02 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FTOC Class A Common Stock Options Exercise +25.2K 25.2K Jun 25, 2021 By FTAC Olympus Advisors, LLC F1, F2, F3
transaction FTOC Class A Common Stock Disposed to Issuer -25.2K -100% 0 Jun 25, 2021 By FTAC Olympus Advisors, LLC F2, F3, F4

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 FTOC Class B Common Stock Disposed to Issuer -3K -10% 27K Jun 25, 2021 Class A Common Stock 3K By FTAC Olympus Advisors, LLC F2, F5, F6
transaction FTOC Class B Common Stock Other -1.82K -6.73% 25.2K Jun 25, 2021 Class A Common Stock 1.82K By FTAC Olympus Advisors, LLC F2, F6, F7
transaction FTOC Class B Common Stock Options Exercise -25.2K -100% 0 Jun 25, 2021 Class A Common Stock 25.2K FTAC Olympus Advisors, LLC F1, F2, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Mei Mei Tuan 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 These shares are held directly by one of the Issuer's sponsor FTAC Olympus Advisors, LLC ("Olympus Advisors").
F4 Disposed of pursuant to Reorganization Agreement in exchange for 20,986 shares of New Payoneer common stock on the Closing Date of the Reorganization.
F5 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 Sponsor, LLC ("Olympus Sponsor") and Olympus Advisors in connection with the Reorganization.
F6 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.
F7 Represents shares transferred to other members of Olympus Sponsor and Olympus Advisors pursuant to certain side letters by and among certain members of Olympus Sponsor and Olympus Advisors.

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.