Randall Waterfield - Mar 2, 2022 Form 4 Insider Report for 26 Capital Acquisition Corp. (ADER)

Role
Director
Signature
/s / J. Randall Waterfield
Stock symbol
ADER
Transactions as of
Mar 2, 2022
Transactions value $
$510,992
Form type
4
Date filed
3/7/2022, 05:18 AM
Previous filing
May 26, 2021
Next filing
Apr 29, 2022

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 ADER Warrants Purchase $482K +984K $0.49 984K Mar 2, 2022 Class A Common Stock 984K $11.50 Direct F1, F2, F3
transaction ADER Warrants Purchase $28.8K +57.6K +5.85% $0.50 1.04M Mar 3, 2022 Class A Common Stock 57.6K $11.50 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These are warrants included in the units sold in the Issuer's initial public offering.
F2 Each whole warrant is exercisable to purchase one share of the Issuer's Class A common stock, par value $0.0001 per share ("Class A Common Stock") at an exercise price of $11.50 during the period commencing on the later of (i) twelve months from the date of the closing of the Issuer's initial public offering or (ii) 30 days following the consummation of the Issuer's initial business combination (the "Business Combination"), and expiring on the fifth anniversary of the consummation of the Business Combination or earlier upon redemption or liquidation.
F3 Represents the weighted average purchase price of the warrants on such date. The warrants were acquired in two transactions of 8,745 warrants and 975,363 warrants each, at $0.47 per warrant and $0.49 per warrant, respectively.