B. Luke Weil - Nov 7, 2024 Form 3 Insider Report for Willow Lane Acquisition Corp. (WLAC)

Signature
/s/ B. Luke Weil
Stock symbol
WLAC
Transactions as of
Nov 7, 2024
Transactions value $
$0
Form type
3
Date filed
11/7/2024, 05:21 PM
Previous filing
May 28, 2024

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 WLAC Class B Ordinary Shares Nov 7, 2024 Class A Ordinary Shares 4.02M 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. 333-282495) of Willow Lane Acquisition Corp. (the "Issuer") under the heading "Description of Securities--Founder Shares," the shares of Class B ordinary shares will automatically convert into shares of Class A ordinary shares at the time of the Issuer's initial business combination, or at any time prior to the Issuer's initial business combination, at the option of the holder, on a one-for-one basis, subject to certain adjustments.
F2 These shares represent the Class B ordinary shares held by Willow Lane Sponsor, LLC (the "Sponsor") acquired pursuant to a subscription agreement by and between the Issuer and the Sponsor. The Class B ordinary shares include up to 603,740 shares that are subject to forfeiture in the event the underwriters of the Issuer's initial public offering do not exercise in full their over-allotment option as described in the Issuer's registration statement.
F3 There is one managing member of the Sponsor, B. Luke Weil, who holds voting and investment discretion with respect to the ordinary shares held of record by the Sponsor. As such, B. Luke Weil may be deemed to have beneficial ownership of the securities held of record by the Sponsor. B. Luke Weil disclaims any beneficial ownership except to the extent of his pecuniary interest therein.

Remarks:

B. Luke Weil is the Chief Executive Officer and Chairman of the Board of Directors of Willow Lane Acquisition Corp.