Hurricane Sponsor LLC - 06 Jun 2022 Form 4 Insider Report for Jaws Hurricane Acquisition Corp

Role: 10%+ Owner
Signature: /s/ Michael Racich, as attorney in fact for Hurricane Sponsor LLC
Issuer symbol: N/A
Transactions as of: 06 Jun 2022
Net transactions value: $0
Form type: 4
Filing time: 08 Jun 2022, 16:14:57 UTC
Previous filing: 10 Jun 2021
Next filing: 26 Jun 2023
SEC: View on sec.gov

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	HCNE	Class B Common Stock	Other	$0	-25,000	-0.32%	$0.000000	7,831,250	06 Jun 2022	Class A Common Stock	25,000		Direct	F1, F2, F3, F4, F5

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

Explanation of Responses:

Id	Content
F1	This form is being filed by the following reporting persons: Hurricane Sponsor LLC (the "Sponsor") and Barry S. Sternlicht (together with the Sponsor, the "Reporting Persons"). Because of the relationship between the Reporting Persons, the Reporting Persons may be deemed to beneficially own the securities reported herein to the extent of their respective pecuniary interests. Each Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein, if any.
F2	As described in the JAWS Hurricane Acquisition Corporation's (the "Issuer") registration statement on Form S-1 (File No. 333-253541) under the heading "Description of Securities - Founder Shares", the Class B common stock, par value $0.0001 per share, will automatically convert into Class A common stock, par value $0.0001 per share, of the Issuer at the time of the Issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to adjustment for share splits, share capitalizations, reorganizations, recapitalizations and the like, and certain anti-dilution rights and have no expiration date.
F3	On June 6, 2022, the Reporting Persons transferred 25,000 shares of Class B common stock to Sanjan Dhody, a director of the Issuer, for nominal consideration, subject to the option of the Reporting Persons to repurchase the transferred shares at the original nominal purchase price (approximately $0.003 per share) if the director fails to satisfy the vesting conditions.
F4	Barry S. Sternlicht is the sole member of Hurricane Sponsor LLC.
F5	Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), this filing shall not be deemed an admission that the Reporting Persons are, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owners of any equity securities in excess of their respective pecuniary interests.