Joseph Baker - Aug 3, 2021 Form 4 Insider Report for Authentic Equity Acquisition Corp. (AEAC)

Role: Director
Signature: /s/ Peter Arbeiter as attorney in fact for Joseph Baker
Stock symbol: AEAC
Transactions as of: Aug 3, 2021
Transactions value $: -$2,500,000
Form type: 4
Date filed: 8/4/2021, 06:38 PM

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	AEAC	Class B Ordinary Shares	Other	-$2.5M	-25K	-100%	$100.00^*	0	Aug 3, 2021	Class A Ordinary Shares	25K		Direct	F1, F2

* 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. 333-251575) under the heading "Description of Securities-Founder Shares", the Class B ordinary shares, par value $0.0001, will automatically convert into Class A ordinary shares, par value $0.0001, of the issuer at the time of the issuer's initial business combination transaction on a one-for-one basis, subject to adjustment for share splits, share capitalizations, reorganizations, recapitalizations and the like, and certain anti-dilution rights and will have no expiration date.
F2	In connection with Joseph Baker's resignation as an independent director of the issuer, Authentic Equity Sponsor LLC (the "Sponsor") repurchased 25,000 Class B ordinary shares of the issuer from Mr. Baker for $100.00, or $0.004 per share.

Content

As described in the issuer's registration statement on Form S-1 (File No. 333-251575) under the heading "Description of Securities-Founder Shares", the Class B ordinary shares, par value $0.0001, will automatically convert into Class A ordinary shares, par value $0.0001, of the issuer at the time of the issuer's initial business combination transaction on a one-for-one basis, subject to adjustment for share splits, share capitalizations, reorganizations, recapitalizations and the like, and certain anti-dilution rights and will have no expiration date.

In connection with Joseph Baker's resignation as an independent director of the issuer, Authentic Equity Sponsor LLC (the "Sponsor") repurchased 25,000 Class B ordinary shares of the issuer from Mr. Baker for $100.00, or $0.004 per share.