Morgan Callagy - 27 Jul 2023 Form 4 Insider Report for Revelstone Capital Acquisition Corp.

Reporting relationship: Co-CEO and Director, Director
Issuer ticker: N/A
Reported as of: 27 Jul 2023
Net transaction value: $0
SEC form: 4
Accepted by SEC: 04 Jan 2024, 19:22:51 UTC
Prior SEC filing: 10 Jul 2023
Source filing: View source filing
Reporting owner signature: /s/ Morgan Callagy

Key filing fact

Morgan Callagy filed Form 4 for Revelstone Capital Acquisition Corp. on 04 Jan 2024.

Key facts

This page summarizes Morgan Callagy's Form 4 filing for Revelstone Capital Acquisition Corp..
6 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 04 Jan 2024, 19:22.

Change

Previous filing in this sequence was filed on 10 Jul 2023.
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

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

RCAC transaction

Class A Common Stock, par value $0.0001 per share

Conversion of derivative security

Transaction value: $0
Shares: +550,361
Change %
Price: $0.000000
Shares after: 550,358
Date: 27 Jul 2023
Ownership: Direct
Footnotes: F1

RCAC transaction

Class A Common Stock, par value $0.0001 per share

Conversion of derivative security

Transaction value: $0
Shares: +495,000
Change %
Price: $0.000000
Shares after: 495,000
Date: 27 Jul 2023
Ownership: See footnote
Footnotes: F1, F3

RCAC transaction

Class A Common Stock, par value $0.0001 per share

Other

Transaction value: $0
Shares: -54,874
Change %: -10%
Price: $0.000000
Shares after: 495,486
Date: 27 Jul 2023
Ownership: Direct
Footnotes: F4

RCAC transaction

Class A Common Stock, par value $0.0001 per share

Other

Transaction value: $0
Shares: -54,873
Change %: -11%
Price: $0.000000
Shares after: 440,127
Date: 27 Jul 2023
Ownership: See footnote
Footnotes: F3, F4

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

RCAC transaction Derivative

Class B Common Stock, par value $0.0001 per share

Conversion of derivative security

Transaction value: $0
Shares: -550,358
Change %: -100%
Price: $0.000000
Shares after: 3
Date: 27 Jul 2023
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 550,358
Exercise price
Footnotes: F1, F2

RCAC transaction Derivative

Class B Common Stock, par value $0.0001 per share

Conversion of derivative security

Transaction value: $0
Shares: -495,000
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 27 Jul 2023
Ownership: See footnote
Underlying class: Class A Common Stock
Underlying amount: 495,000
Exercise price
Footnotes: F1, F3

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

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Morgan Callagy is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 4 footnotes

Footnote F1

Each share of Class B Common Stock, par value $0.0001 per share, was converted into one share of Class A Common Stock, par value $0.0001 per share, of the issuer for no consideration

Footnote F2

As described in the issuer's registration statement on Form S-1 (File No. 333-261352) under the heading "Description of Securities," the shares of Class B common stock of the issuer will automatically convert into shares of Class A common stock of the issuer at the time of the issuer's initial business combination or earlier at the option of the holders thereof, on a one-for-one basis, subject to certain adjustments described therein, and have no expiration date.

Footnote F3

La Jolla Group, Inc., is the record holder of the securities reported herein, of which the reporting person is a director. As a director of La Jolla Group, Inc., Mr. Callagy has voting and dispositive power over the securities held directly by La Jolla Group, Inc., and disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly.

Footnote F4

After the conversion of shares of Class B Common Stock to shares of Class A Common Stock, these shares were transferred from the reporting person pursuant to a Stock Transfer Agreement dated July 27, 2023 for no consideration.