JCIC Sponsor LLC - Jan 24, 2023 Form 4 Insider Report for Jack Creek Investment Corp. (JCIC)

Role
Director, 10%+ Owner
Signature
See Exhibit 99.1
Stock symbol
JCIC
Transactions as of
Jan 24, 2023
Transactions value $
$0
Form type
4
Date filed
1/24/2023, 08:44 PM
Next filing
Feb 23, 2023

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 JCIC Class B Ordinary Shares, par value $0.0001 per share Gift $0 -1.83M -43.13% $0.00 2.41M Jan 24, 2023 Class A Ordinary Shares, par value $0.0001 per share 1.83M See Footnotes F1, F2, F4, F5, F6
transaction JCIC Class B Ordinary Shares, par value $0.0001 per share Disposed to Issuer -2.41M -100% 0 Jan 24, 2023 Class A Ordinary Shares, par value $0.0001 per share 2.41M See Footnotes F1, F2, F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

JCIC Sponsor LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 This form is being filed by the following Reporting Persons: JCIC Sponsor LLC (the "Sponsor"), KSH Capital LP ("KSH Capital"), Jeffrey E. Kelter, Robert F. Savage and Thomas Jermoluk. Because of the relationships among the Reporting Persons, the Reporting Persons may be deemed to beneficially own the securities reported herein to the extent of their respective pecuniary interests. Each Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein, if any.
F2 Pursuant to the Amended and Restated Memorandum and Articles of Association, as amended, of Jack Creek Investment Corp. (the "Issuer"), the Class B Ordinary Shares, par value $0.0001 per share ("Class B Shares"), of the Issuer, were automatically convertible into Class A Ordinary Shares, par value $0.0001 per share, of the Issuer, on a one-for-one basis, subject to adjustment, on the day of the closing of the Issuer's initial business combination.
F3 In connection with the consummation of the business combination and other transactions contemplated by the Agreement and Plan of Merger, dated as of August 3, 2022, by and among the Issuer, Wildfire New PubCo, Inc. ("New Bridger"), and the other parties thereto, the Class B Shares automatically converted, on a one-for-one basis, into shares of common stock of New Bridger, which became a publicly traded company and which changed its name to Bridger Aerospace Group Holdings, Inc. upon the closing of the transactions.
F4 The Class B Shares are directly owned by Sponsor. The manager of Sponsor is KSH Capital. Each of Jeffrey E. Kelter, Robert F. Savage and Thomas Jermoluk indirectly own an approximately 30% interest in Sponsor and, pursuant to Sponsor's operating agreement, through their investment vehicles have a consent right over Sponsor's investments, including voting and investment discretion with respect to the Class B Shares held of record by the Sponsor.
F5 Pursuant to Rule 16a-1(a)(4) under the Exchange Act, this filing shall not be deemed an admission that the Reporting Persons are, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owners of any equity securities in excess of their respective pecuniary interests.
F6 Reflects the forfeiture/cancellation of 4,306,811 Class B Shares pursuant to the Sponsor Agreement, dated as of August 3, 2022, by and among the Issuer, Sponsor and New Bridger.

Remarks:

Exhibit 99.1 - Joint Filer Information and Signatures