Dharmendra Magasvaran - Jan 19, 2022 Form 3 Insider Report for DUET Acquisition Corp. (DUET)

Role
Co-Chief Executive Officer
Signature
/s/ Dharmendra Magasvaran
Stock symbol
DUET
Transactions as of
Jan 19, 2022
Transactions value $
$0
Form type
3
Date filed
1/19/2022, 05:23 PM

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 DUET Class B Common Stock Jan 19, 2022 Class A Common Stock 2.16M 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. 333-261494).
F2 Includes up to 281,250 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 DUET Partners, LLC, the sponsor of the issuer (the "Sponsor"). The reporting person 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.