Spartan Acquisition Sponsor II LLC - 09 Jul 2021 Form 4 Insider Report for Sunlight Financial Holdings Inc.

Role
10%+ Owner
Signature
[See signatures attached as Exhibit 99.2]
Issuer symbol
N/A
Transactions as of
09 Jul 2021
Net transactions value
$0
Form type
4
Filing time
13 Jul 2021, 16:30:33 UTC
SEC
View on sec.gov

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 +7,337,241 7,337,241 09 Jul 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 -1,187,759 -14% 7,337,241 09 Jul 2021 Class A Common Stock 1,187,759 Direct F2, F3, F4
transaction SUNL Class B Common Stock Conversion of derivative security -7,337,241 -100% 0 09 Jul 2021 Class A Common Stock 7,337,241 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.