Neil Jacobson - Nov 28, 2022 Form 4 Insider Report for Music Acquisition Corp (TMAC)

Role
Chief Executive Officer, Director
Signature
/s/ Neil Jacobson
Stock symbol
TMAC
Transactions as of
Nov 28, 2022
Transactions value $
$331,550
Form type
4
Date filed
11/30/2022, 03:15 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TMAC Class B Common Stock Purchase $332K +33.2K $10.00 33.2K Nov 28, 2022 Direct F1, F2
holding TMAC Class B Common Stock 5.68M Nov 28, 2022 By Music Acquisition Sponsor LLC. See Footnote F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 As described in the issuer's registration statement on Form S-1 (File No. 333-252152) under the heading "Description of Securities - Founder Shares", the Class B common stock, par value $0.0001 per share (the "Class B Common Stock"), will automatically convert into shares of Class A common stock, par value $0.0001 per share, of the issuer at the time of the issuer's initial business combination, on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights and have no expiration date. The reporting person entered into a binding Note Conversion & Stock Purchase Agreement with the Issuer on November 28, 2022 (the "Note Conversion and Stock Purchase Agreement"), pursuant to which the reporting person agreed to purchase the 33,155 shares reported in this Form 4.
F2 Pursuant to the Note Conversion and Stock Purchase Agreement, the reporting person paid $10.0 per share of Class B Common Stock, par value $0.0001 per share, for the 33,155 shares reported in this Form 4.
F3 The securities are held directly by Music Acquisition Sponsor, LLC (the "Sponsor") and indirectly by Neil Jacobson and Todd Lowen as managers of the Sponsor. Each of Messrs. Jacobson and Lowen disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.