Level Field Capital II, LLC - 19 Nov 2021 Form 4 Insider Report for LF Capital Acquisition Corp. II

Role: 10%+ Owner
Signature: /s/ Alberto Bianchinotti, Attorney-in-Fact for the Sponsor, Level Field Partners and Level Field Management
Issuer symbol: N/A
Transactions as of: 19 Nov 2021
Net transactions value: -$320
Form type: 4
Filing time: 19 Nov 2021, 18:15:11 UTC
Previous filing: 16 Nov 2021
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
transaction	LFAC	Class B Common Stock, par value $0.0001 per share	Sale	$320	-80,000	-1.2%	$0.004000^*	6,388,750	19 Nov 2021	Class A Common Stock, par value $0.0001 per share			Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Prior to the transaction reported hereby, Level Field Capital II, LLC (the "Sponsor") directly owned 6,468,750 shares of Class B common stock, par value $0.0001 per share (the "Class B Shares"), of LF Capital Acquisition Corp. II (the "Issuer"). The Class B Shares have no expiration date and (i) are convertible into shares of Class A common stock, par value $0.0001 per share ("Class A Shares"), of the Issuer at any time at the option of the holder on a one-for-one basis and (ii) will automatically convert into Class A Shares at the time of the Issuer's initial business combination on a one-for-one basis, in each case, subject to adjustment as described under the heading "Description of Securities-Founder Shares" in the Issuer's registration statement on Form S-1 (File No. 333-260541).
F2	Level Field Partners II, LLC ("Level Field Partners") is the managing member of the Sponsor. Level Field Management II, LLC ("Level Field Management") is the managing member of Level Field Partners. Level Field Management is managed by its two members, Elias Farhat and Djemi Traboulsi. As such, Mr. Farhat and Mr. Traboulsi may be deemed to share beneficial ownership of the Class B Shares held directly by the Sponsor. Mr. Farhat and Mr. Traboulsi disclaim any beneficial ownership of the reported shares other than to the extent of any pecuniary interest they may have therein, directly or indirectly.

Content

Prior to the transaction reported hereby, Level Field Capital II, LLC (the "Sponsor") directly owned 6,468,750 shares of Class B common stock, par value $0.0001 per share (the "Class B Shares"), of LF Capital Acquisition Corp. II (the "Issuer"). The Class B Shares have no expiration date and (i) are convertible into shares of Class A common stock, par value $0.0001 per share ("Class A Shares"), of the Issuer at any time at the option of the holder on a one-for-one basis and (ii) will automatically convert into Class A Shares at the time of the Issuer's initial business combination on a one-for-one basis, in each case, subject to adjustment as described under the heading "Description of Securities-Founder Shares" in the Issuer's registration statement on Form S-1 (File No. 333-260541).

Level Field Partners II, LLC ("Level Field Partners") is the managing member of the Sponsor. Level Field Management II, LLC ("Level Field Management") is the managing member of Level Field Partners. Level Field Management is managed by its two members, Elias Farhat and Djemi Traboulsi. As such, Mr. Farhat and Mr. Traboulsi may be deemed to share beneficial ownership of the Class B Shares held directly by the Sponsor. Mr. Farhat and Mr. Traboulsi disclaim any beneficial ownership of the reported shares other than to the extent of any pecuniary interest they may have therein, directly or indirectly.