Key facts
- This page summarizes Worldwide Webb Acquisition Sponsor, LLC's Form 4 filing for Aeries Technology, Inc. (AERT).
- 5 reported transactions and 3 derivative rows are listed below.
- Accepted by SEC: 13 Nov 2023, 17:00.
Worldwide Webb Acquisition Sponsor, LLC - 08 Nov 2023 Form 4 Insider Report for Aeries Technology, Inc. (AERT)
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- AERT
- Reported as of
- 08 Nov 2023
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 13 Nov 2023, 17:00:28 UTC
- Prior SEC filing
- 26 Oct 2021
- Source filing
- View source filing
- Reporting owner signature
- Worldwide Webb Acquisition Sponsor, LLC, By: Daniel Webb, its managing member /s/ Daniel Webb
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Worldwide Webb Acquisition Sponsor, LLC filed Form 4 for Aeries Technology, Inc. (AERT) on 13 Nov 2023.
Change
- Previous filing in this sequence was filed on 26 Oct 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.
WWACW
transaction
Class A ordinary shares
Conversion of derivative security
- Transaction value
- Shares
- +1,500,000
- Change %
- Price
- Shares after
- 1,500,000
- Date
- 08 Nov 2023
- Ownership
- Direct
- Footnotes
- F1, F2, F3
WWACW
transaction
Class A ordinary shares
Other
- Transaction value
- $0
- Shares
- -1,500,000
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 08 Nov 2023
- Ownership
- Direct
- Footnotes
- F3, F4
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
WWACW
transaction
Derivative
Class B ordinary shares
Disposed to Issuer
- Transaction value
- $0
- Shares
- -3,000,000
- Change %
- -67%
- Price
- $0.000000
- Shares after
- 1,500,000
- Date
- 08 Nov 2023
- Ownership
- Direct
- Underlying class
- Class A ordinary shares
- Underlying amount
- 3,000,000
- Exercise price
- Footnotes
- F1, F2, F3, F5
WWACW
transaction
Derivative
Class B ordinary shares
Conversion of derivative security
- Transaction value
- $0
- Shares
- -1,500,000
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 08 Nov 2023
- Ownership
- Direct
- Underlying class
- Class A ordinary shares
- Underlying amount
- 1,500,000
- Exercise price
- Footnotes
- F1, F2, F3
WWACW
transaction
Derivative
Private placement warrants
Other
- Transaction value
- Shares
- -9,527,810
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 08 Nov 2023
- Ownership
- Direct
- Underlying class
- Class A ordinary shares
- Underlying amount
- 9,527,810
- Exercise price
- $11.50
- Footnotes
- F3, F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Worldwide Webb Acquisition Sponsor, LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 5 footnotes
Footnote F1
Each Class B ordinary share was converted into one Class A ordinary share of the Issuer in connection with the consummation of the Issuer's initial business combination
Footnote F2
The Class B ordinary shares were automatically convertible into Class A ordinary shares at the time of the Issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to certain adjustments, and had no expiration date.
Footnote F3
Daniel Webb is the manager of the Reporting Person. As such, Mr. Webb may be deemed to have beneficial ownership of the Class B ordinary shares and private placement warrants held directly by the Reporting Person. Mr. Webb disclaims any beneficial ownership of the reported securities other than to the extent of any pecuniary interest he may have therein.
Footnote F4
On November 8, 2023, the Reporting Person effectuated a pro rata distribution of (i) 9,527,810 private placement warrants and (ii) 1,500,000 Class A ordinary shares to its members for no consideration.
Footnote F5
On November 8, 2023, in connection with the closing of the Business Combination, the Reporting Person forfeited 3,000,000 Class B ordinary shares.