Joseph Andrew Baker - 03 Aug 2021 Form 4 Insider Report for Authentic Equity Acquisition Corp.

Reporting relationship: Director
Issuer ticker: N/A
Reported as of: 03 Aug 2021
Net transaction value: -$2,500,000
SEC form: 4
Accepted by SEC: 04 Aug 2021, 18:38:49 UTC
Source filing: View source filing
Reporting owner signature: /s/ Peter Arbeiter as attorney in fact for Joseph Baker

Key filing fact

Joseph Andrew Baker filed Form 4 for Authentic Equity Acquisition Corp. on 04 Aug 2021.

Key facts

This page summarizes Joseph Andrew Baker's Form 4 filing for Authentic Equity Acquisition Corp..
1 reported transaction and 1 derivative row are listed below.
Accepted by SEC: 04 Aug 2021, 18:38.

Change

No earlier filing in this sequence is available for direct comparison.
Current net transaction value: -$2,500,000.

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.

AEAC transaction Derivative

Class B Ordinary Shares

Other

Transaction value: $2,500,000
Shares: -25,000
Change %: -100%
Price: $100.00^*
Shares after: 0
Date: 03 Aug 2021
Ownership: Direct
Underlying class: Class A Ordinary Shares
Underlying amount: 25,000
Exercise price
Footnotes: F1, F2

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote F1

As described in the issuer's registration statement on Form S-1 (File No. 333-251575) under the heading "Description of Securities-Founder Shares", the Class B ordinary shares, par value $0.0001, will automatically convert into Class A ordinary shares, par value $0.0001, of the issuer at the time of the issuer's initial business combination transaction on a one-for-one basis, subject to adjustment for share splits, share capitalizations, reorganizations, recapitalizations and the like, and certain anti-dilution rights and will have no expiration date.

Footnote F2

In connection with Joseph Baker's resignation as an independent director of the issuer, Authentic Equity Sponsor LLC (the "Sponsor") repurchased 25,000 Class B ordinary shares of the issuer from Mr. Baker for $100.00, or $0.004 per share.