Shira Birenbaum - Jul 26, 2021 Form 3 Insider Report for ION Acquisition Corp 3 Ltd. (IACC)

Role
Director
Signature
/s/ Anthony Reich Attorney-in-Fact for Shira Fayans Birenbaum
Stock symbol
IACC
Transactions as of
Jul 26, 2021
Transactions value $
$0
Form type
3
Date filed
7/27/2021, 06:26 AM

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 IACC Options to Purchase Class B Ordinary Shares Jul 26, 2021 Class A Ordinary Shares 25K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person owns 25,000 options (the "Options"), granted by ION Holdings 3, LP ("ION 3 LP"), each allowing for the purchase of one Class B ordinary share, par value $0.0001 per share, of ION Acquisition Corp 3 Ltd. (the "Issuer"). Shira Fayans Birenbaum paid ION 3 LP an aggregate amount of $25.00 in consideration for the assignment of the Options, or $0.001 per Option. The reporting person was granted the options immediately prior to her appointment as a director of the Issuer. The aggregate exercise price for all 25,000 Options is $73.81, or $0.003 per Option. The Options shall be exercised on the date of the close of a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses and the Issuer.

Remarks:

See Exhibit 24.1 - Power of Attorney.