Jennifer Deason - Jul 22, 2021 Form 3 Insider Report for Belong Acquisition Corp. (BLNG)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Jennifer Deason
Stock symbol
BLNG
Transactions as of
Jul 22, 2021
Transactions value $
$0
Form type
3
Date filed
7/22/2021, 07:30 PM
Previous filing
Jul 9, 2021
Next filing
Jul 28, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding BLNG Class A common shares 550K Jul 22, 2021 By Belong Acquisition Sponsor, LLC F1, F2, F3

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 BLNG Class B common shares Jul 22, 2021 Class A common shares 4.45M By Belong Acquisition Sponsor, LLC F2, F3, F4, F5
holding BLNG Warrants Jul 22, 2021 Class A common shares 275K $11.50 By Belong Acquisition Sponsor, LLC F2, F3, F6, F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares underlie 550,000 units of the issuer that Belong Acquisition Sponsor, LLC has irrevocably committed to purchase.
F2 The reporting person disclaims beneficial ownership of these securities, except to the extent of her pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for any other purpose.
F3 These shares are held directly by the issuer's sponsor, Belong Acquisition Sponsor, LLC, which is co-managed by the reporting person.
F4 The Class B common shares will automatically convert into Class A common shares at the time of the issuer's initial business combination on a one-for-one basis, subject to certain adjustments described in the issuer's charter documents and have no expiration date.
F5 Includes up to 562,500 shares that are subject to forfeiture in the event the underwriters of the issuer's initial public offering do not exercise in full their over-allotment option.
F6 The warrants will become exercisable at the later of 30 days after the consummation of the issuer's initial business combination or 12 months from the completion of the issuer's initial public offering.
F7 The warrants will expire five years after the consummation of the issuer's initial business combination or earlier upon redemption of all of the issuer's outstanding Class A common shares or the issuer's liquidation.
F8 These warrants underlie 550,000 units of the issuer that Belong Acquisition Sponsor, LLC has irrevocably committed to purchase.

Remarks:

Exhibit 24 - Power of Attorney