Sixth Street Partners Management Company, L.P. - Jul 1, 2021 Form 3 Insider Report for Apex Technology Acquisition Corp (AVPT)

Role
10%+ Owner
Signature
Sixth Street Partners Management Company, L.P. By: /s/ David Stiepleman, Authorized Signatory of the GP of Sixth Street Partners Management Company, L.P.
Stock symbol
AVPT
Transactions as of
Jul 1, 2021
Transactions value $
$0
Form type
3
Date filed
7/12/2021, 04:34 PM
Previous filing
Aug 27, 2021
Next filing
Jun 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding AVPT Common Stock 8.74M Jul 1, 2021 Held by Avatar Investment Solutions (A), LLC F1, F2, F3, F8
holding AVPT Common Stock 6.84M Jul 1, 2021 Held by Avatar Investment Solutions 1, LLC F2, F4, F5, F8
holding AVPT Common Stock 13.6M Jul 1, 2021 Held by Avatar Investment Opportunities, LLC F2, F6, F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 213,106 shares of Common Stock that the Reporting Persons have the right to receive if the trading price of the Common Stock reaches certain thresholds (the "Contingent Consideration").
F2 The Contingent Consideration vests in equal thirds if the trading price of Common Stock is greater than or equal to $12.50, $15 and $17.50, respectively, for any 20 trading days within any 30-trading day period (the "Milestones"). If the Milestones are not met by the seventh anniversary of the closing of the issuer's initial public offering, then the unvested Contingent Consideration will be forfeited.
F3 These shares are owned directly by Avatar Investment Solutions (A), LLC. Avatar Investment Solutions (A), LLC's managing member is TCS Finance (A), LLC, the managing member of which is TSSP Capital Solutions GenPar, L.P., a Delaware limited partnership. TSSP Capital Solutions GenPar, L.P. is ultimately indirectly controlled by Sixth Street Partners Management Company, L.P., a Delaware limited partnership ("Management Company"). Management Company is managed by its general partner, whose managing member is Alan Waxman.
F4 Includes 166,953 shares of Contingent Consideration.
F5 These shares are owned directly by Avatar Investment Solutions 1, LLC. Avatar Investment Solutions 1, LLC's managing member is TCS Finance 1, LLC, the manager of which is TSSP Capital Solutions GenPar, L.P. TSSP Capital Solutions GenPar, L.P. is ultimately indirectly controlled by Management Company. Management Company is managed by its general partner, whose managing member is Alan Waxman.
F6 Includes 332,552 shares of Contingent Consideration.
F7 These shares are owned directly by Avatar Investment Opportunities, LLC. Avatar Investment Opportunities, LLC's managing member is Redwood IV Finance 1, LLC, the managing member of which is TSSP Opportunities GenPar IV, L.P. TSSP Opportunities GenPar IV, L.P. is ultimately indirectly controlled by Management Company. Management Company is managed by its general partner, whose managing member is Alan Waxman.
F8 Alan Waxman disclaims beneficial ownership over the reported securities, except to the extent of his pecuniary interest therein.

Remarks:

Exhibit 24 - Authorization and Designation Letter, dated July 12, 2021, by Alan Waxman (incorporated by reference to Exhibit 2 to the Schedule 13D filed with the SEC by the Reporting Persons on July 12, 2021).