James Francis - Jun 16, 2023 Form 4 Insider Report for ESH Acquisition Corp. (ESHA)

Signature
/s/ James Francis
Stock symbol
ESHA
Transactions as of
Jun 16, 2023
Transactions value $
$6,320,000
Form type
4
Date filed
6/21/2023, 09:43 PM
Previous filing
Jun 21, 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 ESHA Warrants to purchase Class A common stock Purchase $6.32M +6.32M $1.00 6.32M Jun 16, 2023 Class A common stock 6.32M $11.50 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 ESH Sponsor LLC (the "Sponsor") purchased 6,320,000 warrants, as described in the issuer's registration statement on Form S-1 (File No. 333-265226) (the "S-1"), in a private placement of warrants at a price of $1.00 per private placement warrant. Each whole private placement warrant is exercisable to purchase one Class A common stock at a price of $11.50 per share.
F2 James Francis is the manager (the "Manager") of ESH Sponsor LLC (the "Sponsor") and, in such capacity, has voting and dispositive power with respect to the securities held of record by the Sponsor and, as such, may be deemed to have shared beneficial ownership of such securities with the Sponsor. The Manager disclaims any beneficial ownership of the reported securities other than to the extent of any pecuniary interest it may have therein, directly or indirectly.
F3 The warrants will become exercisable on the later of 30 days after the completion of ESH Acquisition Corp.'s initial business combination or 12 months from the closing of ESH Acquisition Corp.'s initial public offering, and will expire 5 years after the completion of ESH Acquisition Corp.'s initial business combination or earlier upon redemption or liquidation, as described in the S-1.