5 Ak, Llc - Jun 23, 2021 Form 3 Insider Report for Northern Lights Acquisition Corp. (SHFS)

Role: 10%+ Owner
Signature: /s/ John Darwin, as Managing Partner of the Reporting Person's Manager
Stock symbol: SHFS
Transactions as of: Jun 23, 2021
Transactions value $: $0
Form type: 3
Date filed: 6/23/2021, 07:14 PM
Next filing: Sep 30, 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
holding	SHFS	Class B Common Stock							Jun 23, 2021	Class A Common Stock	2.84M		Direct	F1, F2, F3

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

Explanation of Responses:

Id	Content
F1	The shares of Class B common stock have no expiration date and will automatically convert into shares of Class A common stock at the time of the issuer's initial business combination on a one-for-one basis, subject to adjustment as set forth in the issuer's registration statement on Form S-1 (File No. 333-256701).
F2	Includes up to 375,000 shares subject to forfeiture depending on the extent to which the underwriters' over-allotment option is exercised, if at all.
F3	This Form 3 is being filed by 5AK, LLC, the sponsor of the issuer (the "Sponsor"). John Darwin and Joshua Mann, the issuer's co-chief executive officers, are each a control person of the member and manager of the Sponsor, Luminous Capital Inc. Each of Messrs. Darwin and Mann may be deemed to beneficially own shares held by the Sponsor by virtue of each individual's control over the Sponsor. Messrs. Darwin and Mann each disclaims beneficial ownership of the shares of the issuer's Class B common stock held by the Sponsor, except to the extent of his respective pecuniary interest