Hendricks Factual Media LLC - Feb 22, 2021 Form 4 Insider Report for CuriosityStream Inc. (CURI)

Role: 10%+ Owner
Signature: /s/ Ana Cerna as attorney-in-fact for John Hendricks
Stock symbol: CURI
Transactions as of: Feb 22, 2021
Transactions value $: -$135,460
Form type: 4
Date filed: 11/3/2021, 04:31 PM
Next filing: Mar 25, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CURI	Common Stock	Other	-$135K	-13.5K	-0.06%	$10.04^*	21.4M	Feb 22, 2021	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	1,030,448 shares were unintentionally omitted from the reporting person's original Form 3 filed on October 15, 2020. These 1,030,448 shares were being held in escrow and were subject to forfeiture during the one-year period following the merger of the company formerly known as CuriosityStream, Inc. ("Legacy CuriosityStream") with and into the Issuer (the "Merger") to satisfy indemnification obligations and final working capital calculations. At the effective time of the Merger, each share of Legacy CuriosityStream common stock issued and outstanding immediately prior to the effective time was converted into the right to receive 0.62622713 of a share of the Issuer's common stock and each share of Legacy CuriosityStream preferred stock issued and outstanding immediately prior to the effective time was converted into the right to receive 1.202259922 of a share of the Issuer's common stock, with fractional shares rounded to the nearest whole share. The 1,016,956 indemnification escrow shares were released from escrow to the reporting person on October 18, 2021. The 21,356,188 shares being reported by the reporting person on this Form 4 reflect the release of the 1,016,956 indemnification escrow shares to the reporting person and the forfeiture of the 13,492 working capital escrow shares as reported herein.
F2	Forfeiture of shares as a result of final working capital calculations pursuant to the escrow agreement entered into on October 14, 2020 in connection with the Merger.

Content

1,030,448 shares were unintentionally omitted from the reporting person's original Form 3 filed on October 15, 2020. These 1,030,448 shares were being held in escrow and were subject to forfeiture during the one-year period following the merger of the company formerly known as CuriosityStream, Inc. ("Legacy CuriosityStream") with and into the Issuer (the "Merger") to satisfy indemnification obligations and final working capital calculations. At the effective time of the Merger, each share of Legacy CuriosityStream common stock issued and outstanding immediately prior to the effective time was converted into the right to receive 0.62622713 of a share of the Issuer's common stock and each share of Legacy CuriosityStream preferred stock issued and outstanding immediately prior to the effective time was converted into the right to receive 1.202259922 of a share of the Issuer's common stock, with fractional shares rounded to the nearest whole share. The 1,016,956 indemnification escrow shares were released from escrow to the reporting person on October 18, 2021. The 21,356,188 shares being reported by the reporting person on this Form 4 reflect the release of the 1,016,956 indemnification escrow shares to the reporting person and the forfeiture of the 13,492 working capital escrow shares as reported herein.

Forfeiture of shares as a result of final working capital calculations pursuant to the escrow agreement entered into on October 14, 2020 in connection with the Merger.