Peter Saldarriaga - 06 Sep 2021 Form 4 Insider Report for Belong Acquisition Corp.

Role
President, CFO and Secretary, 10%+ Owner
Signature
/s/ Peter Saldarriaga
Issuer symbol
N/A
Transactions as of
06 Sep 2021
Net transactions value
$0
Form type
4
Filing time
07 Sep 2021, 16:31:50 UTC
Previous filing
22 Jul 2021
SEC
View on sec.gov

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 -562,500 -13% 3,887,500 06 Sep 2021 Class A common stock 562,500 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 his 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.