Mehana Equity LLC - 10 Aug 2021 Form 3 Insider Report for Pono Capital Corp

Role: 10%+ Owner
Signature: Mehana Equity LLC /s/ Dustin Shindo By: Dustin Shindo Title: Managing Member
Issuer symbol: N/A
Transactions as of: 10 Aug 2021
Net transactions value: $0
Form type: 3
Filing time: 16 Aug 2021, 16:47:41 UTC
SEC: View on sec.gov

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	AWINW	Class B common stock							10 Aug 2021	Class A common stock	2,775,000		Direct	F1, F2, F3

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

Explanation of Responses:

Id	Content
F1	As described in the registration statement on Form S-1 (File No. 333-2571504) under the heading "Description of Securities--Founder Shares and Placement Shares," the shares of Class B common stock, par value $0.000001 per share, of Pono Capital Corp (the "Issuer") will automatically convert into shares of Class A common stock, par value $0.000001 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	The shares of Class B common stock owned by the Reporting Person include up to 375,000 shares that are subject to forfeiture to the extent the underwriters of the initial public offering of the Issuer's securities do not exercise in full their over-allotment option as described in the Issuer's registration statement.
F3	Mehana Equity LLC (the "Sponsor") is the record holder of the shares reported herein. The Sponsor is managed by its sole managing member, Dustin Shindo.