Daniel S. Webb - 08 Nov 2023 Form 4 Insider Report for Aeries Technology, Inc. (AERT)

Role
Chief Investment Officer, Director, 10%+ Owner
Signature
/s/ Daniel S. Webb
Issuer symbol
AERT
Transactions as of
08 Nov 2023
Net transactions value
$0
Form type
4
Filing time
13 Nov 2023, 17:00:35 UTC
Previous filing
26 Oct 2021
Next filing
24 May 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WWACW Class A Ordinary Shares Other +560,000 560,000 08 Nov 2023 Direct 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 -3,000,000 -67% $0.000000 1,500,000 08 Nov 2023 Class A ordinary shares 3,000,000 see footnote F1, F2, F3, F5
transaction WWACW Class B ordinary shares Conversion of derivative security $0 -1,500,000 -100% $0.000000* 0 08 Nov 2023 Class A ordinary shares 1,500,000 see footnote F1, F2, F3
transaction WWACW Private placement warrants Other -9,527,810 -100% 0 08 Nov 2023 Class A ordinary shares 9,527,810 $11.50 see footnote F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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 Worldwide Webb Acquisition Sponsor, LLC ("Sponsor") is the record holder of the securities reported herein. The Reporting Person is the manager of Sponsor. The Reporting Person, by virtue of his control over Sponsor may be deemed to beneficially own Class B ordinary shares and private placement warrants held by Sponsor. The Reporting Person 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, Sponsor effectuated a pro rata distribution of (i) 9,527,810 private placement warrants and (ii) 1,500,000 Class A ordinary shares of the Issuer to its members, of which 560,000 Class A ordinary shares were distributed to the Reporting Person.
F5 On November 8, 2023, in connection with the closing of the Business Combination, Sponsor forfeited 3,000,000 Class B ordinary shares.