Elliot Spiro - 09 Sep 2022 Form 4 Insider Report for Nauticus Robotics, Inc. (KITT)

Role
Director
Signature
/s/ Eli Spiro, by M. Dilshad Kasmani as Attorney-in-Fact
Issuer symbol
KITT
Transactions as of
09 Sep 2022
Net transactions value
+$4,783,333
Form type
4
Filing time
13 Sep 2022, 21:52:16 UTC
Previous filing
13 Dec 2021
Next filing
12 Oct 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KITT Common Stock Award $0 +2,595,000 $0.000000 2,595,000 09 Sep 2022 CleanTech Sponsor I LLC F1, F2

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 KITT Private Warrant Purchase $4,333,333 +4,333,333 $1.00 4,333,333 19 Jul 2021 Common Stock 4,333,333 $11.50 CleanTech Sponsor I LLC F2, F3
transaction KITT Private Warrant Purchase $450,000 +450,000 +10% $1.00 4,783,333 28 Jul 2021 Common Stock 450,000 $11.50 CleanTech Sponsor I LLC F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The securities were acquired in connection with the business combination of CleanTech Acquisition Corp. ("CLAQ"), CleanTech Merger Sub, Inc., a wholly owned subsidiary of CLAQ, and Nauticus Robotics, Inc., dated December 16, 2021 and consummated on September 9, 2022.
F2 Shares held directly by CleanTech Sponsor I LLC. The Reporting Person, as the managing member of CleanTech Sponsor I LLC, may be deemed to share voting and dispositive power over the shares held by CleanTech Sponsor I LLC. The Reporting Person disclaims beneficial ownership of shares held by CleanTech Sponsor I LLC, except to the extent of any pecuniary interest therein.
F3 The securities were acquired in connection with the initial public offering of CLAQ on July 19, 2021.
F4 The securities were acquired in connection with the underwriter's non-concurrent exercise of its over-allotment option on July 28, 2021, in connection with the initial public offering of CLAQ on July 19, 2021.