Michelle D. Wilson - Dec 15, 2021 Form 4 Insider Report for Bowlero Corp. (BOWL)

Role: Director, Former 10% holder
Signature: /s/ Michelle Wilson
Stock symbol: BOWL
Transactions as of: Dec 15, 2021
Transactions value $: $6,445,187
Form type: 4
Date filed: 12/17/2021, 03:37 PM
Next filing: Mar 3, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BOWL	Class A common stock	Options Exercise		+5.81M	+5814636%		5.81M	Dec 15, 2021	See footnote	F1, F2, F3
transaction	BOWL	Class A common stock	Disposed to Issuer		-1.93M	-33.12%		3.89M	Dec 15, 2021	See footnote	F1, F2, F3
transaction	BOWL	Class A common stock	Award	$500K	+50K	+1.29%	$10.00	3.94M	Dec 15, 2021	Direct	F4

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	BOWL	Class B common stock	Options Exercise		+5.81M			0	Dec 15, 2021	Class A common stock	5.81M		See footnote	F1, F2
transaction	BOWL	Warrants	Award	$5.95M	+3.96M		$1.50^*	3.96M	Dec 15, 2021	Class A common stock	3.96M	$11.50	See footnote	F2, 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. 333-252283), under the heading "Description of securities - Founder shares", upon consummation of the Issuer's initial business combination and waiver of anti-dilution rights in connection with the conversion, the shares of Class B common stock converted into shares of Class A common stock on a one-for-one basis. The Issuer's initial business combination was consummated on December 15, 2021. Upon closing of its initial business combination, the Sponsor forfeited 1,925,855 shares of Class A common stock for cancellation by the Issuer.
F2	Michelle Wilson is a managing member of Isos Acquisition Sponsor LLC (the "Sponsor") and has voting and investment discretion with respect to the securities held by the Sponsor. As such, Ms. Wilson may be deemed to possess beneficial ownership of the 3,888,781 securities held directly by the Sponsor. Ms. Wilson disclaim any beneficial ownership of the reported securities other than to the extent of any pecuniary interest he may have therein, directly or indirectly.
F3	Includes 100 shares of Class A common stock of the Issuer acquired by the Reporting Person on March 3, 2021.
F4	Pursuant to that certain Subscription Agreement dated July 1, 2021, by and between the Issuer and the Reporting Person, the Reporting Person purchased an aggregate of 50,000 shares of Class A common stock of the Issuer on December 15, 2021, in a private placement that was consummated in connection with the Issuer's initial business combination.
F5	These warrants were issued and sold by the Issuer to the Sponsor in a private placement that closed concurrently with the closing of the Issuer's initial public offering, on March 5, 2021. The warrants will become exercisable on March 5, 2021, which is 12 months from the closing of the Issuer's initial public offering. The warrants will expire on December 15, 2026, which is five years after the completion of the Issuer's initial business combination, or earlier upon redemption or liquidation. Each whole warrant will entitle the holder thereof to purchase one share of Class A common stock as a price of $11.50 per share (subject to adjustment). These warrants are being reported as having been acquired on December 15, 2021, due to satisfaction of a condition precedent through the closing of the initial business combination.