Felipe MacLean - Jul 19, 2021 Form 3 Insider Report for Clover Leaf Capital Corp. (CLOE)

Role
President and CEO, Director, 10%+ Owner
Signature
/s/ Felipe MacLean
Stock symbol
CLOE
Transactions as of
Jul 19, 2021
Transactions value $
$0
Form type
3
Date filed
7/19/2021, 08:29 PM
Next filing
Jul 22, 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 CLOE Class B Common Stock Jul 19, 2021 Class A Common Stock 3.59M See Footnote F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 As described in the issuer's registration statement on Form S-1 (File No. 333-255111) under the heading "Description of Securities--Founder Shares", Class B common stock will automatically convert into shares of Class A common stock at the time of the issuer's initial business combination, on a one-for-one basis, subject to certain adjustments described therein and have no expiration date.
F2 These shares represent Class B common stock held by Yntegra Capital Investments, LLC (the "Sponsor") acquired pursuant to a subscription agreement by and between the Sponsor and the issuer. The Class B common stock owned by the Sponsor includes up to 468,750 shares that are subject to forfeiture in the event the underwriter of the issuer's initial public offering does not exercise in full its over-allotment option as described in the issuer's registration statement.
F3 Reporting Person is Chairman of the Board, President, and Chief Executive Officer of the issuer, and is the sole manager of the Sponsor. The Reporting Person has voting and investment discretion with respect to the securities held by the Sponsor. As such, Reporting Person may be deemed to share beneficial ownership of Class B common stock held directly by the Sponsor. The Reporting Person disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly.