Hurricane Sponsor LLC - Jun 23, 2023 Form 4 Insider Report for Jaws Hurricane Acquisition Corp (HCNE)

Role
10%+ Owner
Signature
Hurricane Sponsor LLC: By: /s/ Matthew Walters, Attorney-in-Fact
Stock symbol
HCNE
Transactions as of
Jun 23, 2023
Transactions value $
$0
Form type
4
Date filed
6/26/2023, 04:30 PM
Previous filing
Jun 8, 2022

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 HCNE Class B common stock Disposed to Issuer $0 -7.91M -100% $0.00 1 Jun 23, 2023 Class A common stock 7.91M Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Hurricane Sponsor LLC 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 Issuer's registration statement on Form S-1 (File No. 333-253541) under the heading "Description of Securities-Founder Shares", the shares of Class B common stock, par value $0.001 per share ("Class B common stock"), 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, or earlier at the option of the holder, 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 had no expiration date.
F2 In connection with the liquidation and dissolution of the Issuer, each of Andy Appelbaum, Benjamin Weprin, and Sanjan Dhody surrendered to the Issuer, for no consideration, 25,000 shares of Class B common stock directly held by such reporting person. Hurricane Sponsor LLC (the "Sponsor") and Barry S. Sternlicht surrendered to the Issuer, for no consideration, 7,831,249 shares of Class B common stock directly held by the Sponsor.
F3 Mr. Sternlicht is the sole member of the Sponsor and, as such, may be deemed to have beneficial ownership of the securities held directly by the Sponsor. Each of the Sponsor and Mr. Sternlicht disclaims beneficial ownership of the securities reported herein, except to the extent of each of the Sponsor and Mr. Sternlicht's pecuniary interest therein, if any.

Remarks:

After giving effect to the Issuer's delisting and deregistration, the Reporting Persons will no longer be subject to Section 16 reporting obligations.