Stuart J. Zimmer - 09 Jun 2023 Form 4 Insider Report for Zimmer Energy Transition Acquisition Corp.

Reporting relationship: Chief Executive Officer, Director
Issuer ticker: N/A
Reported as of: 09 Jun 2023
Net transaction value: -$35,861,000
SEC form: 4
Accepted by SEC: 13 Jun 2023, 16:16:26 UTC
Prior SEC filing: 15 Jun 2021
Next SEC filing: 11 Jun 2025
Source filing: View source filing
Reporting owner signature: /s/ Stuart J. Zimmer

Key filing fact

Stuart J. Zimmer filed Form 4 for Zimmer Energy Transition Acquisition Corp. on 13 Jun 2023.

Key facts

This page summarizes Stuart J. Zimmer's Form 4 filing for Zimmer Energy Transition Acquisition Corp..
1 reported transaction and 0 derivative rows are listed below.
Accepted by SEC: 13 Jun 2023, 16:16.

Change

Previous filing in this sequence was filed on 15 Jun 2021.
Current net transaction value: -$35,861,000.

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 non-derivative transactions

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

ZT transaction

Class A Common Stock

Disposed to Issuer

Transaction value: $35,861,000
Shares: -3,500,000
Change %: -100%
Price: $10.25
Shares after: 0
Date: 09 Jun 2023
Ownership: By ZP Master Utility Fund, Ltd.
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

On June 2, 2023, Zimmer Energy Transition Acquisition Corp. (the "Issuer") announced that it will redeem all of its outstanding shares of Class A Common Stock that were included in the units issued in its initial public offering (the "Public Shares"), effective as of the close of business on June 16, 2023, as the Issuer will not consummate an initial business combination within the time period required by its Amended and Restated Certificate of Incorporation. The per share redemption price for the Public Shares will be $10.24600261, which was definitively determined on June 9, 2023. As of the close of business on June 16, 2023, the Public Shares, including all shares of Class A Common Stock that were beneficially owned by the Reporting Persons, will be deemed cancelled and will represent only the right to receive the redemption amount.

Footnote F2

ZP Master Utility Fund, Ltd. ("Master Utility") directly holds the shares of Class A Common Stock reported herein. Zimmer Partners, LP is the investment manager of Master Utility. Zimmer Partners GP, LLC ("Zimmer GP") is the general partner of Zimmer Partners, LP, and Sequentis Financial LLC ("Sequentis") is the sole member of Zimmer GP. Stuart J. Zimmer, and a trust for his benefit, are the sole members of Sequentis. Each of Zimmer Partners, LP, Zimmer GP, Sequentis and Stuart J. Zimmer may have been deemed to exercise voting and investment power over and have had beneficial ownership of the securities held by Master Utility due to their relationship with Master Utility.

Footnote F3

Each of Zimmer Partners, LP, Zimmer GP, Sequentis and Stuart J. Zimmer disclaims beneficial ownership of the securities of the Issuer held directly by Master Utility except to the extent of its or his pecuniary interest therein, and this report shall not be deemed an admission that any of Zimmer Partners, LP, Zimmer GP, Sequentis or Stuart J. Zimmer was the beneficial owner of such securities for purposes of Section 16 or any other purpose.

SEC remarks

Stuart J. Zimmer serves as Chairman of the Board of Directors of Zimmer Energy Transition Acquisition Corp. (the "Issuer"). By virtue of their representation on the Issuer's Board of Directors, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, the Reporting Persons other than Mr. Zimmer are deemed to be directors by deputization of the Issuer.