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

Role: 10%+ Owner
Signature: /s/ Sajan Pillai, Authorized Signatory of McLaren Technology Acquisition Sponsor LLC
Stock symbol: MLAIU
Transactions as of: Nov 5, 2021
Transactions value $: $81,785,468,750,000
Form type: 4
Date filed: 11/9/2021, 07:19 PM

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MLAIU	Class B Common Stock	Other	-$117B	-4.68M	-50%	$25,000.00^*	4.68M	Nov 5, 2021	Direct	F1, F2, 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	$81.9T	+9.05M		$9,050,000.00^*	9.05M	Nov 5, 2021	Common Stock	9.05M	$11.50	Direct	F4, F5, F6, F7

* 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	These shares represent shares of Class B Common Stock held by McLaren Technology Acquisition Sponsor LLC (the "Sponsor") acquired pursuant to a subscription agreement by and between the Sponsor and the Issuer, dated as of March 9, 2021.
F3	As contemplated in connection with the initial public offering of the Issuer, (i) 300,000 shares of Class B Common Stock were returned by the Sponsor to the Issuer for no consideration and cancelled and (ii) 50,000 shares of Class B Common Stock were transferred from the Sponsor to Mizuho Securities USA LLC, leaving the Sponsor with 4,681,250 shares of Class B Common Stock.
F4	These warrants are held by the Sponsor and were purchased by the Sponsor on a private placement basis pursuant to a private placement warrants purchase agreement, dated November 2, 2021, in connection with the Issuer's initial public offering.
F5	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.
F6	Each warrant will expire five years after the completion of the Issuer's initial business combination.
F7	McLaren Strategic Ventures Holdings, Inc. is the managing member of the Sponsor and has voting and investment discretion with respect to the securities held by the Sponsor. As such, it may be deemed to share beneficial ownership of the securities of the Issuer held directly by the Sponsor.