Worldwide Webb Acquisition Sponsor, LLC - Nov 8, 2023 Form 4 Insider Report for Aeries Technology, Inc. (WWACW)

Role
10%+ Owner
Signature
Worldwide Webb Acquisition Sponsor, LLC, By: Daniel Webb, its managing member /s/ Daniel Webb
Stock symbol
WWACW
Transactions as of
Nov 8, 2023
Transactions value $
$0
Form type
4
Date filed
11/13/2023, 05:00 PM
Previous filing
Oct 26, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WWACW Class A ordinary shares Conversion of derivative security +1.5M 1.5M Nov 8, 2023 Direct F1, F2, F3
transaction WWACW Class A ordinary shares Other $0 -1.5M -100% $0.00* 0 Nov 8, 2023 Direct F3, F4

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 WWACW Class B ordinary shares Disposed to Issuer $0 -3M -66.67% $0.00 1.5M Nov 8, 2023 Class A ordinary shares 3M Direct F1, F2, F3, F5
transaction WWACW Class B ordinary shares Conversion of derivative security $0 -1.5M -100% $0.00* 0 Nov 8, 2023 Class A ordinary shares 1.5M Direct F1, F2, F3
transaction WWACW Private placement warrants Other -9.53M -100% 0 Nov 8, 2023 Class A ordinary shares 9.53M $11.50 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Worldwide Webb Acquisition Sponsor, LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Each Class B ordinary share was converted into one Class A ordinary share of the Issuer in connection with the consummation of the Issuer's initial business combination
F2 The Class B ordinary shares were automatically convertible into Class A ordinary shares at the time of the Issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to certain adjustments, and had no expiration date.
F3 Daniel Webb is the manager of the Reporting Person. As such, Mr. Webb may be deemed to have beneficial ownership of the Class B ordinary shares and private placement warrants held directly by the Reporting Person. Mr. Webb disclaims any beneficial ownership of the reported securities other than to the extent of any pecuniary interest he may have therein.
F4 On November 8, 2023, the Reporting Person effectuated a pro rata distribution of (i) 9,527,810 private placement warrants and (ii) 1,500,000 Class A ordinary shares to its members for no consideration.
F5 On November 8, 2023, in connection with the closing of the Business Combination, the Reporting Person forfeited 3,000,000 Class B ordinary shares.