David B. Williams - Aug 5, 2021 Form 4 Insider Report for Williams Rowland Acquisition Corp. (WRAC)

Role
Co-CEO, Director, 10%+ Owner
Signature
/s/ David B. Williams
Stock symbol
WRAC
Transactions as of
Aug 5, 2021
Transactions value $
$5,550,000
Form type
4
Date filed
8/9/2021, 07:38 PM
Previous filing
Aug 2, 2021
Next filing
Dec 19, 2022

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 WRAC Warrants to purchase Common Stock Purchase $4.95M +4.95M $1.00* 4.95M Jul 29, 2021 Common Stock 4.95M $11.50 See Footnote F1, F2, F3
transaction WRAC Warrants to purchase Common Stock Purchase $600K +600K $1.00* 600K Aug 5, 2021 Common Stock 600K $11.50 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 warrants become exercisable on the later of (i) 30 days after the completion of the registrant's initial business combination and (ii) 12 months from the closing of the registrant's initial public offering.
F2 The warrants expire 5 years after the completion of the registrant's initial business combination or earlier upon redemption or liquidation, as described in the registrant's prospectus filed with the SEC.
F3 Warrants are owned directly by Williams Rowland Sponsor LLC of which David Williams is the sole manager.