Christopher Yoshida - Nov 5, 2021 Form 4 Insider Report for McLaren Technology Acquisition Corp. (MLAIU)

Role: Director
Signature: /s/ Christopher Yoshida
Stock symbol: MLAIU
Transactions as of: Nov 5, 2021
Transactions value $: $0
Form type: 4
Date filed: 11/9/2021, 07:12 PM
Previous filing: Nov 2, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MLAIU	Class B Common Stock	Other	$0	+40K		$0.00	40K	Nov 5, 2021	see footnote	F1, F2

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

Explanation of Responses:

Id	Content
F1	As described in the Issuer's registration statement on Form S-1 (File No. 333-259339) (the "Registration Statement") under the heading "Description of Securities," the shares of Class B common stock, par value $0.0001 per share ("Class B Common Stock") of the Issuer, will automatically convert into shares of Class A common stock, par value $0.0001 per share, at the time of the Issuer's initial business combination, on a one-for-one basis, subject to certain adjustments described therein.
F2	Mr. Yoshida has an indirect pecuniary interest in shares of Class B Common Stock of the registrant through his ownership of membership interests of McLaren Technology Acquisition Sponsor LLC (the "Sponsor"), over which the reporting person does not have voting or dispositive control. Pursuant to a Transfer Agreement entered into on November 5, 2021, by and between the Sponsor and Mr. Yoshida, the Sponsor granted the allocation of 40,000 shares of Class B Common Stock beneficially owned by the Sponsor to Mr. Yoshida for his services rendered to the Issuer.

Content

As described in the Issuer's registration statement on Form S-1 (File No. 333-259339) (the "Registration Statement") under the heading "Description of Securities," the shares of Class B common stock, par value $0.0001 per share ("Class B Common Stock") of the Issuer, will automatically convert into shares of Class A common stock, par value $0.0001 per share, at the time of the Issuer's initial business combination, on a one-for-one basis, subject to certain adjustments described therein.

Mr. Yoshida has an indirect pecuniary interest in shares of Class B Common Stock of the registrant through his ownership of membership interests of McLaren Technology Acquisition Sponsor LLC (the "Sponsor"), over which the reporting person does not have voting or dispositive control. Pursuant to a Transfer Agreement entered into on November 5, 2021, by and between the Sponsor and Mr. Yoshida, the Sponsor granted the allocation of 40,000 shares of Class B Common Stock beneficially owned by the Sponsor to Mr. Yoshida for his services rendered to the Issuer.