Scott Crist - Jan 11, 2022 Form 3 Insider Report for Industrial Tech Acquisitions II, Inc. (ITAQ)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s / E. Scott Crist
Stock symbol
ITAQ
Transactions as of
Jan 11, 2022
Transactions value $
$0
Form type
3
Date filed
1/11/2022, 08:31 PM

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
holding ITAQ Class B Common Stock Jan 11, 2022 Class A Common Stock 4.31M See footnotes F1, F2, F3
* 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. 333-254594) under the heading "Description of Securities--Founder Shares," 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, or at any time prior thereto at the option of the holder, on a one-for-one basis, subject to certain adjustments described therein and have no expiration date.
F2 These shares represent the Class B common stock, $0.0001 par value per share, held by Industrial Tech Partners II, LLC (the "Sponsor"), acquired pursuant to a subscription agreement by and between the Sponsor and the issuer. The Class B common stock owned by the Sponsor includes up to 562,500 shares that are subject to forfeiture in the event the underwriters of the initial public offering of the issuer's securities do not exercise their over-allotment option in full as described in the issuer's registration statement.
F3 E. Scott Crist, the issuer's Chief Executive Officer and Chairman of the Board of Directors, is the managing member of the Sponsor. As such, Mr. Crist has sole voting and dispositive power over the shares held by the Sponsor. Mr. Crist disclaims beneficial ownership over any securities owned by the Sponsor in which he does not have any pecuniary interest.