Lake Street Landlords, LLC - Nov 29, 2022 Form 3 Insider Report for Appreciate Holdings, Inc. (SFR)

Role
10%+ Owner
Signature
/s/ Luisa M. Surmak, Attorney-in-Fact
Stock symbol
SFR
Transactions as of
Nov 29, 2022
Transactions value $
$0
Form type
3
Date filed
12/9/2022, 06:29 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding SFR Class B Common Stock 20.1M Nov 29, 2022 Direct F1, 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
holding SFR Class A Units Nov 29, 2022 Class A Common Stock 20.1M Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Holds 20,132,807 units in Appreciate Intermediate Holdings, LLC. Each unit in Appreciate Intermediate Holdings, LLC may be exchanged together with one share of Class B Common Stock in Appreciate Holdings, Inc. (the "Company") for one share of Class A Common Stock in the Company pursuant to the Appreciate Intermediate Holdings, LLC Amended and Restated Limited Liability Company Agreement (the "A&R LLC Agreement"), dated November 29, 2022.
F2 Pursuant to the A&R LLC Agreement, the Company's common units held by the reporting person are not exchangeable for the Company's Class A Common stock until the expiration or waiver of certain lock-up periods and other restrictions mentioned therein.
F3 The following directors own units in Lake Street Landlords, LLC: (i) Marcy Haymaker indirectly owns 38,799 units in Lake Street Landlords, LLC, which equates to 23,682 shares in Class B Common Stock in the Company ("Class B Common Stock"); (ii) Scott Honour indirectly owns 620,784 units in Lake Street Landlords, LLC, which equates to 378,912 shares in Class B Common Stock; and (iii) Douglas Bergeron directly holds and beneficially owns 3,577,770 units in Lake Street Landlords, LLC, which equates to 2,039,288 shares in Class B Common Stock through his investment vehicle, DGB Investment where Mr. Bergeron is the sole shareholder. These persons disclaim beneficial ownership of these shares.

Remarks:

Exhibit 24.1 - Power of Attorney