Jorge de Pablo - 08 Oct 2021 Form 4 Insider Report for Enphys Acquisition Corp.

Reporting relationship: Chief Executive Officer, Director, 10%+ Owner
Issuer ticker: N/A
Reported as of: 08 Oct 2021
Net transaction value: +$8,899,795
SEC form: 4
Accepted by SEC: 13 Oct 2021, 18:01:17 UTC
Prior SEC filing: 05 Oct 2021
Source filing: View source filing
Reporting owner signature: /s/ Jorge de Pablo, as authorized signatory

Key filing fact

Jorge de Pablo filed Form 4 for Enphys Acquisition Corp. on 13 Oct 2021.

Key facts

This page summarizes Jorge de Pablo's Form 4 filing for Enphys Acquisition Corp..
2 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 13 Oct 2021, 18:01.

Change

Previous filing in this sequence was filed on 05 Oct 2021.
Current net transaction value: +$8,899,795.

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.

NFYS transaction Derivative

Warrant to Purchase Common Stock (right to buy)

Purchase

Transaction value: $8,900,000
Shares: +8,900,000
Change %: +104%
Price: $1.00^*
Shares after: 17,445,000
Date: 08 Oct 2021
Ownership: See footnote
Underlying class: Class A Ordinary Shares
Underlying amount: 8,900,000
Exercise price: $11.50
Footnotes: F1, F2, F3

NFYS transaction Derivative

Class B Common Stock

Other

Transaction value: $205
Shares: -2,050,200
Change %: -12%
Price: $0.000100^*
Shares after: 15,394,800
Date: 08 Oct 2021
Ownership: See footnote
Underlying class: Class A Ordinary Shares
Underlying amount: 2,050,200
Exercise price
Footnotes: F3, F4, F5

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

The warrants become exercisable on the later of (i) 30 days after the completion of the registrant's initial business combination and (ii) 12 months from the closing of the registrant's initial public offering.

Footnote F2

The warrants expire 5 years after the completion of the registrant's initial business combination or earlier upon redemption or liquidation, as described in the registrant's prospectus filed with the SEC (File No. 333-257932).

Footnote F3

The securities are held directly by Enphys Acquisition Sponsor LLC (the "Sponsor"). Mr. de Pablo may be deemed to beneficially own securities held by the Sponsor by virtue of his control over the Sponsor. Mr. de Pablo disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.

Footnote F4

As described in the Registration Statement under the heading "Description of Securities," the Class B ordinary shares automatically convert into the number of shares of Class A ordinary shares of the Issuer at the time of the Issuer's initial business combination on a one-for-one basis, subject to certain adjustments, and have no expiration date.

Footnote F5

Such number of shares were cancelled as described in the Registration Statement.