Davin Kazama - Feb 9, 2023 Form 3 Insider Report for Pono Capital Three, Inc. (PTHR)

Role: Chief Executive Officer, Director
Signature: /s/ Davin Kazama, by Nelson Mullins Riley & Scarborough LLP with Power of Attorney
Stock symbol: PTHR
Transactions as of: Feb 9, 2023
Transactions value $: $0
Form type: 3
Date filed: 2/9/2023, 05:14 PM

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	PTHR	Class B Ordinary Shares							Feb 9, 2023	Class A Ordinary Shares	0		See footnote 1	F1

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

Explanation of Responses:

Id	Content
F1	Class B Ordinary Shares have no expiration date and will automatically convert Class A Ordinary at the time of the issuer's initial business combination on a one-for-one basis, subject to adjustment as set forth in the issuer's registration statement on Form S-1 (File No. 333-268283).