Tanner Ainge - 10 Sep 2021 Form 4 Insider Report for Banner Acquisition Corp.

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
14 Sep 2021, 13:59:38 UTC
Prior SEC filing
07 Sep 2021
Next SEC filing
19 Oct 2021
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Tanner Ainge

Key filing fact

Tanner Ainge filed Form 4 for Banner Acquisition Corp. on 14 Sep 2021.

Key facts

  • This page summarizes Tanner Ainge's Form 4 filing for Banner Acquisition Corp..
  • 1 reported transaction and 1 derivative row are listed below.
  • Accepted by SEC: 14 Sep 2021, 13:59.

Change

  • Previous filing in this sequence was filed on 07 Sep 2021.
  • Current net transaction value: -$6,234.

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.

BNNR transaction Derivative

Class B Common Stock

Sale

Transaction value
$6,234
Shares
-890,625
Change %
-22%
Price
$0.007000*
Shares after
3,231,875
Date
10 Sep 2021
Ownership
See Footnote
Underlying class
Class A Common Stock
Underlying amount
890,625
Exercise price
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

The Class B Common Stock are convertible into the Issuer's Class A Common Stock on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights and have no expiration date.

Footnote F2

Includes 562,500 Class B Common Stock that are subject to forfeiture if the underwriter in the Issuer's initial public offering does not exercise its over- allotment option in full.

Footnote F3

Banner SPAC Sponsor, LLC ("Sponsor") is the record holder of the shares reported herein. Banner Ventures Management, LLC is the managing member of the Sponsor, and Tanner Ainge is the managing member of Banner Ventures Management, LLC. Accordingly, Banner Ventures Management, LLC and Mr. Ainge may be deemed to have or share beneficial ownership of the common stock held directly by the Sponsor. Each such entity or person disclaims any such beneficial ownership of such securities except to the extent of their pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.

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