James L. Francis - 16 Jun 2023 Form 4 Insider Report for ESH Acquisition Corp. (ESHA)

Reporting relationship: Chief Executive Officer, Director, 10%+ Owner
Issuer ticker: ESHA
Reported as of: 16 Jun 2023
Net transaction value: +$6,320,000
SEC form: 4
Accepted by SEC: 21 Jun 2023, 21:43:54 UTC
Prior SEC filing: 21 Jun 2023
Source filing: View source filing
Reporting owner signature: /s/ James Francis

Key filing fact

James L. Francis filed Form 4 for ESH Acquisition Corp. (ESHA) on 21 Jun 2023.

Key facts

This page summarizes James L. Francis's Form 4 filing for ESH Acquisition Corp. (ESHA).
1 reported transaction and 1 derivative row are listed below.
Accepted by SEC: 21 Jun 2023, 21:43.

Change

Previous filing in this sequence was filed on 21 Jun 2023.
Current net transaction value: +$6,320,000.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

ESHA transaction Derivative

Warrants to purchase Class A common stock

Purchase

Transaction value: $6,320,000
Shares: +6,320,000
Change %
Price: $1.00
Shares after: 6,320,000
Date: 16 Jun 2023
Ownership: Direct
Underlying class: Class A common stock
Underlying amount: 6,320,000
Exercise price: $11.50
Footnotes: F1, F2, F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

ESH Sponsor LLC (the "Sponsor") purchased 6,320,000 warrants, as described in the issuer's registration statement on Form S-1 (File No. 333-265226) (the "S-1"), in a private placement of warrants at a price of $1.00 per private placement warrant. Each whole private placement warrant is exercisable to purchase one Class A common stock at a price of $11.50 per share.

Footnote F2

James Francis is the manager (the "Manager") of ESH Sponsor LLC (the "Sponsor") and, in such capacity, has voting and dispositive power with respect to the securities held of record by the Sponsor and, as such, may be deemed to have shared beneficial ownership of such securities with the Sponsor. The Manager disclaims any beneficial ownership of the reported securities other than to the extent of any pecuniary interest it may have therein, directly or indirectly.

Footnote F3

The warrants will become exercisable on the later of 30 days after the completion of ESH Acquisition Corp.'s initial business combination or 12 months from the closing of ESH Acquisition Corp.'s initial public offering, and will expire 5 years after the completion of ESH Acquisition Corp.'s initial business combination or earlier upon redemption or liquidation, as described in the S-1.