J. Michael Stice - Jul 9, 2021 Form 4 Insider Report for Sunlight Financial Holdings Inc. (SUNL)

Role
Director
Signature
/s/ John Michael Stice
Stock symbol
SUNL
Transactions as of
Jul 9, 2021
Transactions value $
$0
Form type
4
Date filed
7/13/2021, 08:31 AM
Previous filing
Jul 2, 2021
Next filing
Aug 17, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SUNL Class A Common Stock Conversion of derivative security +50K 50K Jul 9, 2021 Direct F1

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 SUNL Class B Common Stock Conversion of derivative security -50K -100% 0 Jul 9, 2021 Class A Common Stock 50K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

J. Michael Stice is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 In connection with the closing of the business combination (the "business combination") among Spartan Acquisition Corp. II ("Spartan"), SL Invest I Inc., SL Invest II LLC, SL Financial Investor I LLC, SL Financial Investor II LLC, SL Financial Holdings Inc., SL Financial LLC, Sunlight Financial LLC, FTV-Sunlight, Inc. and Tiger Co-Invest B Sunlight Blocker, LLC, on July 9, 2021, the Reporting Person's shares of Class B Common Stock automatically converted into shares of Spartan's Class A Common Stock on a one-for-one basis. Upon consummation of the business combination, Spartan changed its name to "Sunlight Financial Holdings Inc."
F2 The shares of Class B Common Stock were automatically convertible into shares of Class A Common Stock at the time of Spartan's initial business combination on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights (which rights were waived by the Reporting Person in connection with the business combination), and had no expiration date.