Gary A. Simanson - 07 Aug 2023 Form 4 Insider Report for Thunder Bridge Capital Partners III Inc.

Reporting relationship: President and CEO, Director, 10%+ Owner
Issuer ticker: N/A
Reported as of: 07 Aug 2023
Net transaction value: $0
SEC form: 4
Accepted by SEC: 09 Aug 2023, 16:38:41 UTC
Prior SEC filing: 29 Jun 2023
Next SEC filing: 12 Dec 2024
Source filing: View source filing
Reporting owner signature: /s/ Gary A. Simanson Gary A. Simanson

Key filing fact

Gary A. Simanson filed Form 4 for Thunder Bridge Capital Partners III Inc. on 09 Aug 2023.

Key facts

This page summarizes Gary A. Simanson's Form 4 filing for Thunder Bridge Capital Partners III Inc..
2 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 09 Aug 2023, 16:38.

Change

Previous filing in this sequence was filed on 29 Jun 2023.
Current net transaction value: $0.

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 non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

TBCP transaction

Class A Common Stock

Conversion of derivative security

Transaction value
Shares: +10,349,999
Change %: +1032%
Price
Shares after: 11,353,000
Date: 07 Aug 2023
Ownership: See footnote
Footnotes: F1, F2, F4

TBCP holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 100,000
Date: 07 Aug 2023
Ownership: Direct
Footnotes: F3

Reported derivative securities

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

TBCP transaction Derivative

Class B Common Stock

Conversion of derivative security

Transaction value
Shares: -10,349,999
Change %: -100%
Price
Shares after: 1
Date: 07 Aug 2023
Ownership: See footnote
Underlying class: Class A Common Stock
Underlying amount: 10,349,999
Exercise price
Footnotes: F1, F4

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

The shares of Class B common stock of the Issuer are convertible into shares of Class A common stock on a one-for-one basis. The Class B common stock has no expiration date. On August 7, 2023, the reporting person elected to convert 10,349,999 shares of Class B common stock held by it into 10,349,999 shares of Class A common stock.

Footnote F2

Includes 1,003,000 shares of Class A common stock underlying private placement units (each unit consisting of one share of Class A common stock and one-fifth of one warrant, each whole warrant exercisable to purchase one share of Class A common stock) held by TBCP III, LLC (the "Sponsor"), acquired in connection with the Issuer's initial public offering.

Footnote F3

Represents Class A Common Stock underlying the 100,000 units purchased by Mr. Simanson, the President and Chief Executive Officer of the Issuer, in connection with the Issuer's initial public offering. Each unit consists of one Class A Common Stock and one-fifth of one warrant, each whole warrant entitling the holder to purchase one share of Class A Common Stock at $11.50 per share.

Footnote F4

The Sponsor is the record holder of the securities reported herein. Mr. Simanson is the managing member of the Sponsor and has sole voting and investment discretion with respect to the common stock held of record by the Sponsor. By virtue of this relationship, Mr. Simanson may be deemed to have beneficial ownership of the securities held of record by the Sponsor. Each such person disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest they may have therein, directly or indirectly.