Matthew Potere - Oct 3, 2022 Form 4 Insider Report for Sunlight Financial Holdings Inc. (SUNL)

Role
Chief Executive Officer, Director
Signature
/s/ William B. Miller, attorney-in-fact
Stock symbol
SUNL
Transactions as of
Oct 3, 2022
Transactions value $
$10,002
Form type
4
Date filed
6/23/2023, 04:49 PM
Previous filing
Oct 4, 2022
Next filing
Jan 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SUNL Class A Common Stock Purchase $10K +3.76K +0.27% $2.66* 1.42M Oct 3, 2022 Direct F1

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 SUNL Private Units 3.51M Oct 3, 2022 Class A Common Stock 2.98M Direct F2
holding SUNL Private Units 3.51M Oct 3, 2022 Class A Common Stock 527K By grantor retained annuity trust(s) F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares purchased through payroll deductions under Sunlight Financial Holdings Inc.'s employee stock purchase plan.
F2 The reporting person received these Private Units on July 9, 2021, pursuant to the Business Combination Agreement, dated as of January 23, 2021 by and among Spartan Acquisition Corp. II ("Spartan"), Sunlight Financial LLC ("SFLLC"), and certain of their respective affiliates and subsidiaries. Each Private Unit consists of a Class EX Unit issued by SFLLC, together with one share of Class C Common Stock issued by the Company. Each Private Unit is exchangeable, subject to certain conditions, for either one share of Class A Common Stock, or at SFLLC's election, an amount of cash equivalent to the market value of one share of Class A Common Stock, pursuant to and in accordance with the terms of the Fifth Amended and Restated Limited Liability Company Agreement of SFLCC. The Class C Common Stock will vote together with the Class A Common Stock as a single class, but will have no economic rights. These exchange rights do not expire.
F3 The reporting person disclaims beneficial ownership, except to the extent of his pecuniary interest therein.