Anthemis Digital Acquisitions I Sponsor LP - Nov 1, 2021 Form 4 Insider Report for Anthemis Digital Acquisitions I Corp (ADAL)

Role: 10%+ Owner
Signature: Anthemis Digital Acquisitions I Sponsor LP, By: /s/ Mei Lim, Manager
Stock symbol: ADAL
Transactions as of: Nov 1, 2021
Transactions value $: $11,700,000
Form type: 4
Date filed: 11/1/2021, 06:53 PM
Previous filing: Oct 27, 2021

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	ADAL	Warrants	Purchase	$11.7M	+7.8M		$1.50^*	7.8M	Nov 1, 2021	Class A ordinary shares	7.8M	$11.50	See footnote	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The warrants will become exercisable commencing on the later of 12 months from the closing of the Issuer's initial public offering or 30 days after the completion of the Issuer's initial business combination, and will expire five years after the completion of the Issuer's initial business combination or earlier upon redemption or liquidation.
F2	Anthemis Digital Acquisitions I Sponsor LP ("Sponsor") is the record holder of the shares reported herein acting through its general partner, Anthemis Digital Acquisitions I Sponsor LLC which is governed by the following managers: Ms. Nauiokas, Ms. Lim and Ms. Van Strijp (the "Managers") and the approval of a majority of the Managers is required to approve any action of Sponsor. Each of the Managers disclaims beneficial ownership of the securities held of record by Sponsor.

Content

The warrants will become exercisable commencing on the later of 12 months from the closing of the Issuer's initial public offering or 30 days after the completion of the Issuer's initial business combination, and will expire five years after the completion of the Issuer's initial business combination or earlier upon redemption or liquidation.

Anthemis Digital Acquisitions I Sponsor LP ("Sponsor") is the record holder of the shares reported herein acting through its general partner, Anthemis Digital Acquisitions I Sponsor LLC which is governed by the following managers: Ms. Nauiokas, Ms. Lim and Ms. Van Strijp (the "Managers") and the approval of a majority of the Managers is required to approve any action of Sponsor. Each of the Managers disclaims beneficial ownership of the securities held of record by Sponsor.