| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| holding | KCGI | Class B Ordinary Shares | Aug 12, 2021 | Class A Ordinary Shares | 6.9M | See Footnote | F1, F2, F3 |
| Id | Content |
|---|---|
| F1 | As described in the issuer's registration statement on Form S-1 (File No. 333-257993) under the heading "Description of Securities-Founder Shares", the issuer's Class B ordinary shares, par value $0.0001 per share, will automatically convert into the issuer's Class A ordinary shares, par value $0.0001 per share, 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 adjustment for share sub-divisions, share capitalizations, reorganizations, recapitalizations and the like, and certain anti-dilution rights and have no expiration date. |
| F2 | These shares represent Class B ordinary shares held by Kensington Capital Sponsor V LLC (the "Sponsor") that were acquired pursuant to a subscription agreement by and between the Sponsor and the issuer. The Class B ordinary shares owned by the Sponsor include up to 900,000 shares that are subject to forfeiture to the extent the underwriters of the initial public offering of the issuer's securities do not exercise in full their over-allotment option as described in the issuer's registration statement. |
| F3 | As a managing member of the managing member of the Sponsor, the reporting person may be deemed to share beneficial ownership of the Class B ordinary shares held directly by the Sponsor, 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. |
Chairman and Chief Executive Officer. Exhibit 24 Power of Attorney.