Surendra K. Ajjarapu - Sep 14, 2021 Form 3 Insider Report for Aesther Healthcare Acquisition Corp. (OCEAW)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Suren Ajjarapu
Stock symbol
OCEAW
Transactions as of
Sep 14, 2021
Transactions value $
$0
Form type
3
Date filed
9/20/2021, 08:30 AM
Previous filing
May 27, 2021
Next filing
Dec 16, 2021

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 OCEAW Class B common stock Sep 14, 2021 Class A common stock 2.88M See footnote 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 issuer's registration statement on Form S-1 (File No. 333- 258012) under the heading "Description of Securities," the shares of Class B common stock of the issuer will automatically convert into shares of Class A common stock of the issuer at the time of the issuer's initial business combination, on a one-for-one basis, subject to certain adjustments described therein, and have no expiration date.
F2 These shares represent 2,875,000 shares of Class B common stock of the issuer held by Aesther Healthcare Sponsor, LLC (the "Sponsor"), including an aggregate of up to 375,000 shares subject to forfeiture by the Sponsor to the extent that the underwriter's over-allotment is not exercised in full or in part (provided that a portion of such over-allotment has already been exercised and as such only 250,000 shares remain subject to forfeiture).
F3 Suren Ajjarapu is the managing member of the Sponsor and Chief Executive Officer of the Issuer. As such, the Reporting Person may be deemed to have beneficial ownership of such shares. Mr. Ajjarapu disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly.