Key facts
- This page summarizes Sajan Pillai's Form 4 filing for McLaren Technology Acquisition Corp..
- 2 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 09 Nov 2021, 19:17.
Sajan Pillai - 05 Nov 2021 Form 4 Insider Report for McLaren Technology Acquisition Corp.
- Reporting relationship
- Chairman and CEO, Director
- Issuer ticker
- N/A
- Reported as of
- 05 Nov 2021
- Net transaction value
- +$45,033,169,683,000
- SEC form
- 4
- Accepted by SEC
- 09 Nov 2021, 19:17:00 UTC
- Prior SEC filing
- 02 Nov 2021
- Source filing
- View source filing
- Reporting owner signature
- /s/ Sajan Pillai
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Sajan Pillai filed Form 4 for McLaren Technology Acquisition Corp. on 09 Nov 2021.
Change
- Previous filing in this sequence was filed on 02 Nov 2021.
- Current net transaction value: +$45,033,169,683,000.
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
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.
MLAIU
transaction
Class B Common Stock
Other
- Transaction value
- $16,527,250,870,500
- Shares
- +2,906,018
- Change %
- Price
- $5687250.00*
- Shares after
- 2,906,018
- Date
- 05 Nov 2021
- Ownership
- See Footnote
- Footnotes
- F1, F2
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
MLAIU
transaction
Derivative
Warrants
Other
- Transaction value
- $28,505,918,812,500
- Shares
- +5,012,250
- Change %
- Price
- $5687250.00*
- Shares after
- 5,012,250
- Date
- 05 Nov 2021
- Ownership
- See Footnote
- Underlying class
- Common Stock
- Underlying amount
- 5,012,250
- Exercise price
- $11.50
- Footnotes
- F2, F3, 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
As described in the Issuer's registration statement on Form S-1 (File No. 333-259339) (the "Registration Statement") under the heading "Description of Securities," the shares of Class B common stock, par value $0.0001 per share ("Class B Common Stock") of the Issuer, will automatically convert into shares of Class A common stock, par value $0.0001 per share, ("Class A Common Stock") at the time of the issuer's initial business combination, on a one-for-one basis, subject to certain adjustments described therein.
Footnote F2
Mr. Pillai has an indirect pecuniary interest in shares of Class B Common Stock and warrants to purchase Class A Common Stock through his ownership of membership interests of McLaren Technology Acquisition Sponsor LLC (the "Sponsor"). Pursuant to a Subscription Agreement entered into on November 5, 2021, by and between the Sponsor and Mr. Pillai, Mr. Pillai made a capital contribution to the Sponsor in the amount of $5,687,250 and the Sponsor allocated 2,906,018 shares of Class B Common Stock and 5,012,250 warrants of the Issuer to Mr. Pillai, which the Sponsor owns. Mr. Pillai, the Chairman and Chief Executive Officer of the Issuer, is the controlling shareholder of McLaren Strategic Ventures Holdings, Inc., the managing member of the Sponsor, and may be deemed to beneficially own all of the Issuer's securities owned by the Sponsor. Mr. Pillai disclaims any such beneficial ownership except to the extent of his pecuniary interest.
Footnote F3
Each warrant will become exercisable on the later of 30 days after the completion of the Issuer's initial business combination or November 5, 2022.
Footnote F4
Each warrant will expire five years after the completion of the Issuer's initial business combination.