Secil Tabli Watson - Nov 5, 2021 Form 4 Insider Report for McLaren Technology Acquisition Corp. (MLAIU)

Role
Director
Signature
/s/ Secil Tabli Watson
Stock symbol
MLAIU
Transactions as of
Nov 5, 2021
Transactions value $
$7,312,500,000
Form type
4
Date filed
11/9/2021, 07:18 PM
Previous filing
Nov 2, 2021
Next filing
Jan 5, 2022

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
transaction MLAIU Class B Common Stock Other $1.69B +22.5K +56.25% $75,000.00* 62.5K Nov 5, 2021 See Footnote F1, F3

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 MLAIU Warrants Other $5.63B +75K $75,000.00* 75K Nov 5, 2021 Common Stock 75K $11.50 See Footnote F3, F4, F5
* 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"), will automatically convert into shares of Class A common stock, par value $0.0001 per share, ("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 therein.
F2 Ms. Watson has an indirect pecuniary interest in shares of Class B Common Stock through her 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 Ms. Watson, the Sponsor granted the allocation of 40,000 shares of Class B Common Stock beneficially owned by the Sponsor to Ms. Watson for her services rendered to the Issuer.
F3 Ms. Watson has an indirect pecuniary interest in shares of Class B Common Stock and warrants to purchase Class A Common Stock through her ownership of membership interests of the Sponsor, over which the reporting person does not have voting or dispositive control. Pursuant to a Subscription Agreement entered into on November 5, 2021, by and between the Sponsor and Ms. Watson, Ms. Watson made a capital contribution to the Sponsor in the amount of $75,000 and the Sponsor allocated 22,500 shares of Class B Common Stock and 75,000 warrants of the Issuer to Ms. Watson, which the Sponsor owns.
F4 Each warrant will become exercisable on the later of 30 days after the completion of the Issuer's initial business combination or November 5, 2022.
F5 Each warrant will expire five years after the completion of the Issuer's initial business combination.