Ryan M. Gilbert - Nov 23, 2021 Form 4 Insider Report for FTAC ZEUS ACQUISITION CORP. (ZING)

Signature
/s/ Ryan M. Gilbert
Stock symbol
ZING
Transactions as of
Nov 23, 2021
Transactions value $
$787,500
Form type
4
Date filed
11/24/2021, 04:02 PM
Previous filing
Nov 18, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ZING Class A common stock Other $788K +78.8K +4.63% $10.00 1.78M Nov 23, 2021 By FTAC Zeus Sponsor, LLC 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 ZING Warrants Other $0 +39.4K +4.63% $0.00 889K Nov 23, 2021 Class A Common Stock 39.4K $11.50 By FTAC Zeus Sponsor, LLC F1, F3, F4, F5
holding ZING Class B Common Stock 7.22M Nov 23, 2021 Class A Common Stock 7.22M By FTAC Zeus Sponsor, LLC F3, F6, F7
holding ZING Class B Common Stock 6.79M Nov 23, 2021 Class A Common Stock 6.79M By FTAC Zeus Advisors, LLC F3, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Acquisition by FTAC Zeus Sponsor, LLC in connection with the full exercise of the underwriter's over-allotment option.
F2 These shares underlie the same number of units of the issuer held by FTAC Zeus Sponsor, LLC.
F3 These shares are held directly by the issuer's sponsors, FTAC Zeus Sponsor, LLC and FTAC Zeus Advisors, LLC, which are co-managed by the reporting person. As a result, all of the securities may be deemed to be beneficially held by the reporting person. The reporting person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for any other purpose.
F4 The warrants will become exercisable 30 days after the consummation of the issuer's initial business combination.
F5 The warrants will expire five years after the consummation of the issuer's initial business combination or earlier upon redemption of all of the issuer's outstanding Class A common shares or the issuer's liquidation.
F6 The shares of Class B common stock will automatically convert into shares of 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 in the issuer's charter documents and have no expiration date.
F7 Represents shares of Class B common stock held by the issuer's sponsors, FTAC Zeus Sponsor, LLC and FTAC Zeus Advisors, LLC, after full exercise of the underwriter's over-allotment option.