Sunir Kapoor - 05 Nov 2021 Form 4 Insider Report for McLaren Technology Acquisition Corp.

Role: Director
Signature: /s/ Sunir Kapoor
Issuer symbol: N/A
Transactions as of: 05 Nov 2021
Net transactions value: $0
Form type: 4
Filing time: 09 Nov 2021, 19:21:06 UTC
Previous filing: 02 Nov 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MLAIU	Class B Common Stock	Other	$0	+40,000		$0.000000	40,000	05 Nov 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. Kapoor has an indirect pecuniary interest in shares of Class B Common Stock 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. Kapoor, the Sponsor granted the allocation of 40,000 shares of Class B Common Stock beneficially owned by the Sponsor to Mr. Kapoor 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. Kapoor has an indirect pecuniary interest in shares of Class B Common Stock 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. Kapoor, the Sponsor granted the allocation of 40,000 shares of Class B Common Stock beneficially owned by the Sponsor to Mr. Kapoor for his services rendered to the Issuer.