Key facts
- This page summarizes Eric Hippeau's Form 4 filing for Lerer Hippeau Acquisition Corp..
- 2 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 16 Dec 2022, 15:06.
Eric Hippeau - 14 Dec 2022 Form 4 Insider Report for Lerer Hippeau Acquisition Corp.
- Reporting relationship
- Chief Executive Officer, Director, 10%+ Owner
- Issuer ticker
- N/A
- Reported as of
- 14 Dec 2022
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 16 Dec 2022, 15:06:50 UTC
- Prior SEC filing
- 22 Nov 2022
- Next SEC filing
- 03 Jan 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Daniel Rochkind, Attorney-in-fact
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Eric Hippeau filed Form 4 for Lerer Hippeau Acquisition Corp. on 16 Dec 2022.
Change
- Previous filing in this sequence was filed on 22 Nov 2022.
- 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.
LHAA
transaction
Class A common stock, $0.0001 par value per share
Other
- Transaction value
- Shares
- -685,324
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 14 Dec 2022
- Ownership
- See Footnote
- Footnotes
- F1, F2, F3
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
LHAA
transaction
Derivative
Class B common stock, $0.0001 par value per share
Other
- Transaction value
- Shares
- -5,566,546
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 14 Dec 2022
- Ownership
- See Footnote
- Underlying class
- Class A common stock, $0.0001 par value per share
- Underlying amount
- 5,566,546
- Exercise price
- Footnotes
- F1, F3, F4, F5
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 5 footnotes
Footnote F1
On December 14, 2022, because the Issuer had not completed a business combination by December 14, 2022, as required by its Amended and Restated Certificate of Incorporation, as amended, the Issuer redeemed all issued and outstanding public shares of Class A common stock, $0.0001 par value per share (the "Public Shares"), at a per share redemption price of $10.09143587 (the "Liquidation"). On December 13, 2022, The Nasdaq Stock Market LLC filed a Form 25 with the U.S. Securities and Exchange Commission ("SEC") to delist the Issuer's securities. As a result, the Public Shares ceased trading as of the close of business on December 13, 2022. The Issuer is expected to file a Form 15 with the SEC to terminate the registration of the securities under the Securities Exchange Act of 1934, as amended. Upon the effectiveness of the Form 15, the reporting person will cease to have a reporting obligation with respect to the Issuer's securities.
Footnote F2
Reflects the cancellation by the Issuer of 685,324 shares of Class A common stock, $0.0001 par value per share, pursuant to the Liquidation.
Footnote F3
The shares are held directly by the Issuer's sponsor, LHAC Sponsor LLC (the "Sponsor"). The managing member of the Sponsor is KEB II LLC, the members of which are Eric Hippeau, Kenneth Lerer and Benjamin Lerer. Each of Mssrs. Hippeau, Lerer and Lerer have joint voting and dispositive power over the shares held by the Sponsor and disclaim beneficial ownership over any securities owned by the Sponsor in which they do not have any pecuniary interest.
Footnote F4
As described in the Issuer's registration statement on Form S-1 (File No. 333-253066) under the heading "Description of Securities--Founder Shares," the shares of Class B common stock, par value $0.0001 per share, of the Issuer automatically convert into shares of Class A common stock, par value $0.0001 per share, of the Issuer upon an initial business combination of the Issuer on a one-for-one basis, subject to certain adjustments, and have no expiration date.
Footnote F5
Reflects the cancellation by the Issuer of 5,566,546 shares of Class B common stock, $0.0001 par value per share, pursuant to the Liquidation.