Key facts
- This page summarizes ShoulderUP Technology Sponsor, LLC's Form 4 filing for ShoulderUP Technology Acquisition Corp. (SUAC).
- 1 reported transaction and 1 derivative row are listed below.
- Accepted by SEC: 23 Nov 2021, 20:16.
ShoulderUP Technology Sponsor, LLC - 19 Nov 2021 Form 4 Insider Report for ShoulderUP Technology Acquisition Corp. (SUAC)
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- SUAC
- Reported as of
- 19 Nov 2021
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 23 Nov 2021, 20:16:00 UTC
- Prior SEC filing
- 23 Nov 2021
- Source filing
- View source filing
- Reporting owner signature
- By: /s/ Phyllis W. Newhouse, as the Managing Member of ShoulderUp Technology Sponsor LLC
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
ShoulderUP Technology Sponsor, LLC filed Form 4 for ShoulderUP Technology Acquisition Corp. (SUAC) on 23 Nov 2021.
Change
- Previous filing in this sequence was filed on 23 Nov 2021.
- Current net transaction value: $0.
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.
SUAC
transaction
Class A Common Stock
Purchase
- Transaction value
- Shares
- +13,500,000
- Change %
- Price
- Shares after
- 13,500,000
- Date
- 19 Nov 2021
- Ownership
- Direct
- Footnotes
- F1, F2
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
SUAC
holding
Derivative
Class B Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 10,450,000
- Date
- 19 Nov 2021
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 10,450,000
- Exercise price
- 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
Consists of 13,500,000 units of the issuer, purchased by ShoulderUp Technology Sponsor LLC (the "Sponsor") in a private placement transaction for $10.00 per unit. Each such unit consists of one share of Class A common stock and one-half of one redeemable warrant.
Footnote F2
The Sponsor is the record holder of the shares reported herein. Phyllis Newhouse is the managing member of the Sponsor and may be deemed to have or share the beneficial ownership of the securities held by the Sponsor. Ms. Newhouse is also a director of and the Chief Executive Officer of the issuer. Ms. Newhouse disclaims beneficial ownership over any securities except to the extent of her pecuniary interest therein.
Footnote F3
The shares of Class B common stock will automatically convert into shares of Class A common stock at the time of the issuer's initial business combination as described under the heading "Description of Securities - Founder Shares and Private Placement Shares" in the issuer's registration statement on Form S-1, as amended (File No. 333-260503), on a one-for-one basis, subject to adjustment for stock splits, stock capitalizations, reorganizations, recapitalizations and the like, and certain anti-dilution rights. The shares of Class B common stock have no expiration date.
Footnote F4
On November 19, 2021, the issuer effected a 1.0627119 for 1 stock split of the Class B common stock, which resulted in a change from 9,833,333 shares to 10,450,000 shares of Class B common stock as of such date.