Mark A. Weinberger - Dec 23, 2022 Form 4 Insider Report for Accelerate Acquisition Corp. (AAQC)

Role
Director
Signature
/s/ Michael Simoff, as attorney-in-fact for Mark A. Weinberger
Stock symbol
AAQC
Transactions as of
Dec 23, 2022
Transactions value $
$0
Form type
4
Date filed
12/27/2022, 03:34 PM
Previous filing
Dec 8, 2022
Next filing
Jan 5, 2023

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 AAQC Class B common stock Disposed to Issuer $0 -30K -100% $0.00* 0 Dec 23, 2022 Class A common stock 30K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Mark A. Weinberger is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 As described in the registration statement on Form S-1 (File No. 333-253764) under the heading "Description of Securities--Founder Shares", the shares of Class B common stock, par value $0.0001 per share, of Accelerate Acquisition Corp. (the "Issuer") would have automatically converted 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 for stock splits, stock dividends, reorganizations, recapitalizations and the like, and certain anti-dilution rights and have no expiration date.
F2 This Form 4 reflects the surrender to the Issuer of 30,000 Class B Shares for no consideration by the Reporting Person pursuant to the Share Forfeiture Letter, dated December 15, 2022 by and between the Issuer and the Reporting Person.