John Darwin - Jun 23, 2021 Form 3 Insider Report for Northern Lights Acquisition Corp. (SHFS)

Role
Co-Chief Executive Officer, Director
Signature
/s/ John Darwin
Stock symbol
SHFS
Transactions as of
Jun 23, 2021
Transactions value $
$0
Form type
3
Date filed
6/23/2021, 07:26 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 See Footnote 3. 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 The securities are held directly by 5AK, LLC, the sponsor of the issuer (the "Sponsor"). The reporting person is a control person of the member and manager of the Sponsor, Luminous Capital Inc., and may be deemed to beneficially own shares held by the Sponsor by virtue of his control over the Sponsor. The reporting person disclaims beneficial ownership of the shares of the issuer's Class B common stock held by the Sponsor, except to the extent of his pecuniary interest.