David Panton - Jun 29, 2021 Form 3 Insider Report for Shelter Acquisition Corp I (SHQA)

Role: Director
Signature: /s/ Christopher Keber as Attorney-in-Fact
Stock symbol: SHQA
Transactions as of: Jun 29, 2021
Transactions value $: $0
Form type: 3
Date filed: 6/29/2021, 09:47 PM
Next filing: Sep 27, 2021

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
holding	SHQA	Class B Common Stock							Jun 29, 2021	Class A Common Stock	30K		By SPAC Opportunity Partners Investment Sub, LLC	F1, F2

Explanation of Responses:

Id	Content
F1	As described in the issuer's registration statement on Form S-1 (File No. 333-253213) under the heading "Description of Securities--Founder Shares", the shares of Class B common stock, par value $0.0001 per share, will automatically convert into shares of Class A common stock, par value $0.0001 per share, of the issuer at the time of the issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to adjustment for stock splits, stock dividends, reorganizations, recapitalizations and the like, and certain anti-dilution rights and have no expiration date.
F2	The securities reported herein are held by SPAC Opportunity Partners Investment Sub, LLC (the "Direct Owner"). The reporting person has voting and investment discretion with respect to the securities held by the Direct Owner and may be deemed to have shared beneficial ownership of the securities held directly by the Direct Owner. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.

Content

As described in the issuer's registration statement on Form S-1 (File No. 333-253213) under the heading "Description of Securities--Founder Shares", the shares of Class B common stock, par value $0.0001 per share, will automatically convert into shares of Class A common stock, par value $0.0001 per share, of the issuer at the time of the issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to adjustment for stock splits, stock dividends, reorganizations, recapitalizations and the like, and certain anti-dilution rights and have no expiration date.

The securities reported herein are held by SPAC Opportunity Partners Investment Sub, LLC (the "Direct Owner"). The reporting person has voting and investment discretion with respect to the securities held by the Direct Owner and may be deemed to have shared beneficial ownership of the securities held directly by the Direct Owner. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney