Shelter Sponsor LLC - Aug 13, 2021 Form 4 Insider Report for Shelter Acquisition Corp I (SHQA)

Role
10%+ Owner
Signature
/s/ Christopher Keber as Managing Member
Stock symbol
SHQA
Transactions as of
Aug 13, 2021
Transactions value $
$0
Form type
4
Date filed
8/16/2021, 09:37 PM
Previous filing
Jun 29, 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 SHQA Class B common stock Other -209K -3.79% 5.3M Aug 13, 2021 Class A common stock 209K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This Form 4 reflects the automatic surrender to the issuer of 208,814 shares of the issuer's Class B common stock, par value $0.0001 per share ("Class B Shares"), for no consideration by the reporting person pursuant to contractual arrangements with the issuer, triggered by the expiration of the option of the underwriters of the issuer's initial public offering to purchase additional units.
F2 As described in the issuer's registration statement on Form S-1 (File No. 333-253213) under the heading "Description of Securities-Founder Shares", the Class B Shares will automatically convert into shares of Class A common stock, par value $0.0001 per share, of the issuer at the time of the issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to adjustment for stock splits, stock dividends, reorganizations, recapitalizations and the like, and certain anti-dilution rights and have no expiration date.
F3 Christopher Keber and John "Jack" Chandler; control the reporting person, and as such have voting and investment discretion with respect to, and may be deemed to have beneficial ownership of, the securities held directly by the reporting person.