TKB Sponsor I, LLC - Jan 18, 2023 Form 4 Insider Report for TKB Critical Technologies 1 (USCT)

Role
10%+ Owner
Signature
TKB Sponsor I By: /s/ Angela Blatteis, Manager
Stock symbol
USCT
Transactions as of
Jan 18, 2023
Transactions value $
$0
Form type
4
Date filed
1/19/2023, 08:31 PM
Previous filing
Oct 26, 2021
Next filing
Jun 30, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction USCT Class A Ordinary Shares Conversion of derivative security +5.65M 5.65M Jan 18, 2023 Direct F1, F3

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 USCT Class B Ordinary Shares Conversion of derivative security $0 -5.65M -100% $0.00* 0 Jan 18, 2023 Class A Ordinary Shares 5.65M Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 In accordance with the amended and restated memorandum and articles of association of TKB Critical Technologies 1 ("TKB"), the Reporting Person elected to convert its Class B Ordinary Shares into Class A Ordinary Shares on a one-for-one basis for no consideration.
F2 The Class B Ordinary Shares were (i) convertible into Class A Ordinary Shares at the Reporting Person's election on a one-for-one basis and (ii) automatically convertible into Class A Ordinary Shares at the time of the closing of TKB's initial business combination on a one-for-one basis, in each case subject to adjustment pursuant to certain anti-dilution rights (which rights were waived by TKB Sponsor I, LLC in connection with TKB's proposed business combination), and had no expiration date.
F3 TKB Sponsor I, LLC is the record holder of the shares reported herein. Each of Angela Blatteis, Greg Klein and Philippe Tartavull own interests in TKB Sponsor I, LLC and are managers of TKB Sponsor I, LLC, and may be deemed to share beneficial ownership of such shares. Each of Ms. Blatteis, Mr. Klein and Mr. Tartavull disclaims beneficial ownership of such shares except to the extent of his or her pecuniary interest therein.