Altitude Acquisition Holdco LLC - Apr 7, 2023 Form 4 Insider Report for Altitude Acquisition Corp. (ALTU)

Role
Director, 10%+ Owner
Signature
By: /s/ Gary Teplis, Sole Managing Member of Altitude Acquisition Holdco LLC
Stock symbol
ALTU
Transactions as of
Apr 7, 2023
Transactions value $
$0
Form type
4
Date filed
4/18/2023, 09:20 AM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALTU Class A Common Stock Conversion of derivative security +7.5M 7.5M Apr 7, 2023 Direct F1, F3

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 ALTU Class B Common Stock Conversion of derivative security $0 -7.5M -100% $0.00* 0 Apr 7, 2023 Class A Common Stock 7.5M Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 In accordance with the amended and restated certificate of incorporation of Altitude Acquisition Corp. ("ALTU"), the Reporting Person elected to convert its Class B Common Stock into Class A Common Stock on a one-for-one basis for no consideration.
F2 The Class B Common Stock was (i) convertible into Class A Common Stock at the Reporting Person's election on a one-for-one basis and (ii) automatically convertible into Class A Common Stock at the time of the closing of ALTU's initial business combination on a one-for-one basis, in each case subject to adjustment pursuant to certain anti-dilution rights, and had no expiration date.
F3 Altitude Acquisition Holdco LLC is the record holder of the securities reported herein. Gary Teplis is the sole managing member of Altitude Acquisition Holdco LLC and has voting and investment discretion with respect to the securities held of record by Altitude Acquisition Holdco LLC. Mr. Teplis disclaims any beneficial ownership of the securities held by Altitude Acquisition Holdco LLC other than to the extent of any pecuniary interest he may have therein, directly or indirectly.

Remarks:

See Exhibit 99.1 - Joint Filer Information, which is incorporated herein by reference and describes in further detail the relationships of the Reporting Persons to the Issuer.