Jennifer Deason - Sep 6, 2021 Form 4 Insider Report for Belong Acquisition Corp. (BLNG)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Jennifer Deason
Stock symbol
BLNG
Transactions as of
Sep 6, 2021
Transactions value $
$0
Form type
4
Date filed
9/7/2021, 04:30 PM
Previous filing
Jul 28, 2021
Next filing
Mar 24, 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 BLNG Class B common stock Other -563K -12.64% 3.89M Sep 6, 2021 Class A common stock 563K By Belong Acquisition Sponsor, LLC F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares of Class B common stock will automatically convert into shares of Class A common stock at the time of the issuer's initial business combination on a one-for-one basis, subject to certain adjustments described in the issuer's charter documents and have no expiration date.
F2 Forfeiture and cancellation of shares of Class B common stock for no consideration because the underwriters' over-allotment option was not exercised.
F3 These shares are held directly by the issuer's sponsor, Belong Acquisition Sponsor, LLC, which is co-managed by the reporting person. The reporting person disclaims beneficial ownership of these securities, except to the extent of her pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for any other purpose.