Akicv Llc - Jan 25, 2022 Form 4 Insider Report for Sports Ventures Acquisition Corp. (AKICU)

Role: 10%+ Owner
Signature: /s/ Alan Kestenbaum, Authorized Signatory
Stock symbol: AKICU
Transactions as of: Jan 25, 2022
Transactions value $: $55,000,000
Form type: 4
Date filed: 1/25/2022, 09:52 AM
Previous filing: Jan 25, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AKICU	Class A Ordinary Shares	Purchase	$55M	+5.5M		$10.00	5.5M	Jan 25, 2022	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On January 25, 2022, AKICV LLC (the "Sponsor") and the issuer entered into a Subscription Agreement whereby Sponsor agreed to purchase the reported shares from the issuer. Does not include 5,750,000 Class B ordinary shares, which shares will automatically convert into Class A ordinary shares at the time of the issuer's initial business combination on a one-for-one basis, subject to adjustment for stock splits, stock dividends, reorganizations, recapitalizations and the like, and certain anti-dilution rights.
F2	Alan Kestenbaum, the Chief Executive Officer and a Director of the issuer, and Robert Tilliss, the Chief Financial Officer, President and a Director of the issuer, are the managing members of the Sponsor and have voting and investment discretion with respect to the securities held by the Sponsor. As such, each of Messrs. Kestenbaum and Tilliss may be deemed to share beneficial ownership of Class B ordinary shares held directly by the Sponsor. Each such person disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest they may have therein, directly or indirectly.

Content

On January 25, 2022, AKICV LLC (the "Sponsor") and the issuer entered into a Subscription Agreement whereby Sponsor agreed to purchase the reported shares from the issuer. Does not include 5,750,000 Class B ordinary shares, which shares will automatically convert into Class A ordinary shares at the time of the issuer's initial business combination on a one-for-one basis, subject to adjustment for stock splits, stock dividends, reorganizations, recapitalizations and the like, and certain anti-dilution rights.

Alan Kestenbaum, the Chief Executive Officer and a Director of the issuer, and Robert Tilliss, the Chief Financial Officer, President and a Director of the issuer, are the managing members of the Sponsor and have voting and investment discretion with respect to the securities held by the Sponsor. As such, each of Messrs. Kestenbaum and Tilliss may be deemed to share beneficial ownership of Class B ordinary shares held directly by the Sponsor. Each such person disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest they may have therein, directly or indirectly.