Spartan Acquisition Sponsor II LLC - Jul 9, 2021 Form 4 Insider Report for Sunlight Financial Holdings Inc. (SUNL)

Role
10%+ Owner
Signature
[See signatures attached as Exhibit 99.2]
Stock symbol
SUNL
Transactions as of
Jul 9, 2021
Transactions value $
$0
Form type
4
Date filed
7/13/2021, 04:30 PM

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 +7.34M 7.34M Jul 9, 2021 Direct F1, F2

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 Other -1.19M -13.93% 7.34M Jul 9, 2021 Class A Common Stock 1.19M Direct F2, F3, F4
transaction SUNL Class B Common Stock Conversion of derivative security -7.34M -100% 0 Jul 9, 2021 Class A Common Stock 7.34M Direct F1, F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Spartan Acquisition Sponsor II LLC 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, shares of Class B Common Stock held of record by Spartan Acquisition Sponsor II LLC (the "Sponsor") 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 See Exhibit 99.1.
F3 Immediately prior to the closing of the business combination, the Sponsor automatically and irrevocably surrendered and forfeited to Spartan, for no consideration and as a contribution to Spartan's capital, 1,187,759 shares of Class B Common Stock.
F4 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 and had no expiration date.