Key facts
- This page summarizes Sandip I. Patel's Form 4 filing for Monterey Innovation Acquisition Corp.
- 2 reported transactions and 0 derivative rows are listed below.
- Accepted by SEC: 13 Mar 2023, 20:44.
Sandip I. Patel - 09 Mar 2023 Form 4 Insider Report for Monterey Innovation Acquisition Corp
- Reporting relationship
- Director, 10%+ Owner
- Issuer ticker
- N/A
- Reported as of
- 09 Mar 2023
- Net transaction value
- -$3,420
- SEC form
- 4
- Accepted by SEC
- 13 Mar 2023, 20:44:11 UTC
- Prior SEC filing
- 30 Sep 2021
- Next SEC filing
- 16 Feb 2024
- Source filing
- View source filing
- Reporting owner signature
- /s/ Jason T. Simon, as Attorney-in-Fact
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Sandip I. Patel filed Form 4 for Monterey Innovation Acquisition Corp on 13 Mar 2023.
Change
- Previous filing in this sequence was filed on 30 Sep 2021.
- Current net transaction value: -$3,420.
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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
MTRY
transaction
Common Stock
Sale
- Transaction value
- $3,420
- Shares
- -570,000
- Change %
- -30%
- Price
- $0.006000*
- Shares after
- 1,342,500
- Date
- 09 Mar 2023
- Ownership
- See footnote
- Footnotes
- F1, F2
MTRY
transaction
Common Stock
Other
- Transaction value
- Shares
- +75,000
- Change %
- +5.6%
- Price
- Shares after
- 1,417,500
- Date
- 09 Mar 2023
- Ownership
- See footnote
- Footnotes
- F1, F3
MTRY
holding
Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 35,000
- Date
- 09 Mar 2023
- Ownership
- Direct
* 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
The shares of common stock (the "founder shares") of Monterey Innovation Acquisition Corp. (the "Company") are held directly by NorthStar Bio Ventures, LLC (the "NorthStar Co-Sponsor"). The Reporting Person is a manager of NorthStar Co-Sponsor. Accordingly, the Reporting Person has voting and dispositive power over the founder shares held by NorthStar Co-Sponsor and may be deemed to beneficially own such shares. The Reporting Person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
Footnote F2
In connection with the Company's previously disclosed management transition, and pursuant to share transfer agreements dated March 9, 2023, NorthStar Co-Sponsor transferred (i) 478,125 founder shares to Chardan Monterey Investments LLC and (ii) 30,625 founder shares to each of the Company's three new directors, in each case, at a price of $0.006 per share.
Footnote F3
On March 9, 2023, Sanjeev Satyal resigned as the Company's Chief Executive Officer and, pursuant to an assignment dated March 9, 2023, transferred back to NorthStar Co-Sponsor 75,000 of the founder shares that he received from NorthStar Co-Sponsor prior to the Company's initial public offering.