FirstMark Horizon Sponsor LLC - 28 Mar 2022 Form 4 Insider Report for FirstMark Horizon Acquisition Corp.

Role
Director, 10%+ Owner
Signature
FirstMark Horizon Sponsor LLC, by: /s/ Amish Jani, Manager
Issuer symbol
N/A
Transactions as of
28 Mar 2022
Net transactions value
$0
Form type
4
Filing time
28 Mar 2022, 17:33:09 UTC
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FMAC Class A common stock Options Exercise +5,385,109 5,385,109 28 Mar 2022 Direct F1, F2
transaction FMAC Class A common stock Disposed to Issuer -5,385,109 -100% 0 28 Mar 2022 Direct 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 FMAC Class B common stock Options Exercise -10,230,000 -100% 0 28 Mar 2022 Class A common stock 10,230,000 Direct F1, F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

FirstMark Horizon Sponsor LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 In connection with the issuer's business combination with Starry Group Holdings, Inc. (the "Business Combination"), all 10,230,000 shares of Class B common stock, par value $0.0001 per share ("Class B Share"), of the issuer held by the reporting owner, FirstMark Horizon Sponsor LLC (the "Sponsor"), were exchanged and converted into the number of shares of Class A common stock, par value $0.0001 per share ("Class A Share"), of the issuer equal to 6,685,613 divided by 1.2415 (the "Exchange Ratio").
F2 The reporting owner, FirstMark Horizon Sponsor LLC (the "Sponsor"), in whose name the securities reported herein are held, is managed by its managers, Richard Heitzmann and Amish Jani. Messrs. Heitzmann and Jani may be deemed to beneficially own shares held by the Sponsor by virtue of their shared control over the Sponsor. Each of Messrs. Heitzmann and Jani disclaims beneficial ownership of the shares held by the Sponsor, except to the extent of such person's pecuniary interest therein.
F3 In connection with the Business Combination, all 5,385,109 Class A Shares held by the Sponsor were canceled and converted into the right to receive the number of shares of Class A common stock, par value $0.0001 per share, of Starry Group Holdings, Inc. equal to the number of canceled Class A Shares multiplied by the Exchange Ratio.
F4 Class B Shares were convertible into Class A Shares on a one-for-one basis, subject to certain adjustment, and had no expiration date.

Remarks:

Messrs. Heitzmann and Jani, the managers of the Sponsor, serve on the board of directors of the issuer. For the purposes of Section 16 of the Securities Exchange Act of 1934, as amended, the Sponsor may be deemed a director by deputization with respect to the issuer on the basis of the service of Messrs. Heitzmann and Jani on the issuer's board of directors.