Endurance Antarctica Partners, LLC - Sep 17, 2021 Form 4 Insider Report for Endurance Acquisition Corp. (EDNC)

Role: 10%+ Owner
Signature: /s/ Tyler Miller as attorney-in-fact for Endurance Antarctica Partners, LLC
Stock symbol: EDNC
Transactions as of: Sep 17, 2021
Transactions value $: $5,000
Form type: 4
Date filed: 9/21/2021, 03:23 PM
Previous filing: Sep 15, 2021
Next filing: Oct 31, 2022

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	EDNC	Class B ordinary shares	Sale	$5K	+1.25M	+40.72%	$0.00^*	4.32M	Sep 17, 2021	Class A ordinary shares	1.25M		Direct	F1, F2, F3, F4

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

Explanation of Responses:

Id	Content
F1	The Class B Ordinary Shares, par value $0.0001 per share ("Class B Shares"), of Endurance Acquisition Corp. (the "Issuer"), have no expiration date and (i) are convertible into Class A Ordinary Shares, 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. 333-259098) (the "Registration Statement").
F2	Endurance Antarctica Partners, LLC (the "Sponsor") directly owns 4,320,000 Class B Shares, including up to 750,000 Class B Shares that are subject to forfeiture if the underwriters of the Issuer's initial public offering do not exercise in full an option granted to them to cover over-allotments.
F3	Chandra R. Patel, Richard Charles Davis and Graeme B. Shaw share control over the managing member of the Sponsor and therefore, indirectly, the Sponsor and, as a result, each may be deemed to beneficially own the securities reported herein. Each of Chandra R. Patel, Richard Charles Davis and Graeme B. Shaw disclaims beneficial ownership of the reported securities, except to the extent of his pecuniary interest therein.
F4	In connection with the closing of the Issuer's initial public offering, the Sponsor transferred an aggregate of 1,250,000 Class B Shares to anchor investors pursuant to investment agreements, by and among the Issuer, the Sponsor and each anchor investor, as described in the Registration Statement under the heading "Summary - The Offering - Expressions of Interest."