CF Finance Holdings III, LLC - Aug 16, 2021 Form 4 Insider Report for CF Finance Acquisition Corp. III (LIDR)

Role: Former 10% holder
Signature: /s/ Howard Lutnick, as Chief Executive Officer of CF Finance Holdings III, LLC
Stock symbol: LIDR
Transactions as of: Aug 16, 2021
Transactions value $: $5,000,000
Form type: 4
Date filed: 8/18/2021, 01:26 PM

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LIDR	Class A common stock	Options Exercise	$0	+5.71M	+1142%	$0.00	6.21M	Aug 16, 2021	Direct	F1, F3
transaction	LIDR	Class A common stock	Purchase	$5M	+500K	+8.05%	$10.00	6.71M	Aug 16, 2021	Direct	F2, F3
transaction	LIDR	Class A common stock	Other	$0	-2.28M	-34.04%	$0.00	4.43M	Aug 16, 2021	Direct	F3, F4

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	LIDR	Class B Common Stock	Options Exercise	$0	-5.71M	-100%	$0.00^*	0	Aug 16, 2021	Class A Common Stock	5.71M		Direct	F1, F3
transaction	LIDR	Warrants	Award		+167K			167K	Aug 16, 2021	Class A Common Stock	167K	$11.50	Direct	F3, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

CF Finance Holdings III, LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	As described in the issuer's registration statement on Form S-1 (File No. 333-249367) under the heading "Description of Securities--Founder Shares", upon consummation of the issuer's initial business combination and waiver of the anti-dilution rights in connection with the conversion, the shares of Class B common stock converted into shares of Class A common stock on a one-for-one basis.
F2	Pursuant to that certain Subscription Agreement, dated February 17, 2021, by and between the issuer and CF Finance Holdings III, LLC ("CF Finance Holdings III"), CF Finance Holdings III purchased an aggregate of 500,000 shares of Class A common stock of the issuer on August 16, 2021 in a private placement in connection with the issuer's initial business combination with AEye, Inc.
F3	CF Finance Holdings III is the record holder of the securities reported herein. Cantor Fitzgerald, L.P. ("Cantor") is the sole member of CF Finance Holdings III. CF Group Management, Inc. ("CFGM") is the managing general partner of Cantor. Mr. Lutnick is the Chairman and Chief Executive Officer of CFGM and is also the trustee of the sole stockholder of CFGM. As such, each of Cantor, CFGM and Mr. Lutnick may be deemed to have beneficial ownership of the securities directly held by CF Finance Holdings III. Each such entity or person disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest they may have therein, directly or indirectly.
F4	CF Finance Holdings III transferred an aggregate of 2,284,000 shares of Class A common stock of the issuer to a third party immediately after the closing of the issuer's initial business combination.
F5	These warrants represent warrants issued to CF Finance Holdings III upon separation of the private units previously purchased by CF Finance Holdings III from the issuer in November 2020. CF Finance Holdings III acquired the private units for a purchase price of $10.00 per unit in a private placement that consummated in connection with the issuer's initial public offering. The warrants become eligible for exercise on November 17, 2021, which is one year from the closing of the issuer's initial public offering.