Simanson Gary A - Aug 7, 2023 Form 4 Insider Report for Thunder Bridge Capital Partners III Inc. (TBCP)

Role: President and CEO, Director, 10%+ Owner
Signature: /s/ Gary A. Simanson Gary A. Simanson
Stock symbol: TBCP
Transactions as of: Aug 7, 2023
Transactions value $: $0
Form type: 4
Date filed: 8/9/2023, 04:38 PM
Previous filing: Jun 29, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TBCP	Class A Common Stock	Conversion of derivative security		+10.3M	+1031.9%		11.4M	Aug 7, 2023	See footnote	F1, F2, F4
holding	TBCP	Class A Common Stock						100K	Aug 7, 2023	Direct	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
transaction	TBCP	Class B Common Stock	Conversion of derivative security		-10.3M	-100%		1	Aug 7, 2023	Class A Common Stock	10.3M		See footnote	F1, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The shares of Class B common stock of the Issuer are convertible into shares of Class A common stock on a one-for-one basis. The Class B common stock has no expiration date. On August 7, 2023, the reporting person elected to convert 10,349,999 shares of Class B common stock held by it into 10,349,999 shares of Class A common stock.
F2	Includes 1,003,000 shares of Class A common stock underlying private placement units (each unit consisting of one share of Class A common stock and one-fifth of one warrant, each whole warrant exercisable to purchase one share of Class A common stock) held by TBCP III, LLC (the "Sponsor"), acquired in connection with the Issuer's initial public offering.
F3	Represents Class A Common Stock underlying the 100,000 units purchased by Mr. Simanson, the President and Chief Executive Officer of the Issuer, in connection with the Issuer's initial public offering. Each unit consists of one Class A Common Stock and one-fifth of one warrant, each whole warrant entitling the holder to purchase one share of Class A Common Stock at $11.50 per share.
F4	The Sponsor is the record holder of the securities reported herein. Mr. Simanson is the managing member of the Sponsor and has sole voting and investment discretion with respect to the common stock held of record by the Sponsor. By virtue of this relationship, Mr. Simanson may be deemed to have beneficial ownership of the securities held of record by the Sponsor. Each such person disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest they may have therein, directly or indirectly.