TortoiseEcofin Sponsor III LLC - Jul 19, 2021 Form 4 Insider Report for TortoiseEcofin Acquisition Corp. III (TRTL)

Role
10%+ Owner
Signature
/s/ TortoiseEcofin Sponsor III LLC, by Steven C. Schnitzer as Attorney-in-Fact
Stock symbol
TRTL
Transactions as of
Jul 19, 2021
Transactions value $
$0
Form type
4
Date filed
7/21/2021, 04:19 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
transaction TRTL Class B Ordinary Shares Other $0 -120K -1.39% $0.00 8.51M Jul 19, 2021 Class A Ordinary Shares 120K 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 The Class B Ordinary Shares are convertible into the Issuer's Class A Ordinary Shares on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights, and have no expiration date.
F2 In connection with the Issuer's initial public offering and the appointment of Juan J. Daboub, William J. Clinton and Mary Beth Mandanas to the Issuer's Board of Directors, TortoiseEcofin Sponsor III forfeited 120,000 Class B Ordinary Shares to the Issuer and the Issuer issued 40,000 Class B Ordinary Shares to each of Juan J. Daboub, William J. Clinton and Mary Beth Mandanas.
F3 TortoiseEcofin Sponsor III LLC is the record holder of the shares reported herein. TortoiseEcofin Borrower LLC is the managing member of TortoiseEcofin Sponsor III LLC. TortoiseEcofin Parent Holdco LLC is the sole member of TortoiseEcofin Borrower LLC and TortoiseEcofin Investments, LLC is the sole member of TortoiseEcofin Parent Holdco LLC. Accordingly, TortoiseEcofin Borrower LLC and TortoiseEcofin Investments, LLC may be deemed to have or share beneficial ownership of the Class B Ordinary Shares held directly by TortoiseEcofin Sponsor III LLC. The address of each of TortoiseEcofin Borrower LLC and TortoiseEcofin Investments, LLC is 6363 College Boulevard, Overland Park, Kansas 66211.