Matthew Potere - Nov 29, 2021 Form 4 Insider Report for Sunlight Financial Holdings Inc. (SUNL)

Role
Chief Executive Officer, Director
Signature
/s/ Lindsay Schall, attorney-in-fact
Stock symbol
SUNL
Transactions as of
Nov 29, 2021
Transactions value $
$86,200
Form type
4
Date filed
11/30/2021, 09:24 AM
Previous filing
Sep 13, 2021
Next filing
Jul 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SUNL Class A Common Stock Purchase $86.2K +20K +3.36% $4.31* 615K Nov 29, 2021 Direct F1

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 SUNL Private Units 3.51M Nov 29, 2021 Class A Common Stock 2.98M Direct F2
holding SUNL Private Units 3.51M Nov 29, 2021 Class A Common Stock 527K By grantor retained annuity trust(s) F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $4.22 to $4.39, inclusive. The reporting person undertakes to provide to Sunlight Financial Holdings Inc. (the "Company"), any security holder of the Company or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the aforementioned range.
F2 Each Private Unit consists of a Class EX Unit issued by Sunlight Financial LLC ("SFLLC"), together with one share of Class C Common Stock issued by the Company. Each Private Unit is exchangeable, subject to certain conditions, for either one share of Class A Common Stock, or at SFLLC's election, an amount of cash equivalent to the market value of one share of Class A Common Stock, pursuant to and in accordance with the terms of the Fifth Amended and Restated Limited Liability Company Agreement of SFLLC. The Class C Common Stock will vote together with the Class A Common Stock as a single class, but will have no economic rights. These exchange rights do not expire.
F3 The reporting person disclaims beneficial ownership, except to the extent of his pecuniary interest therein.