Slam Sponsor, LLC - Apr 25, 2023 Form 4 Insider Report for Slam Corp. (SLAM)

Role
10%+ Owner
Signature
/s/ Himanshu Gulati as authorized signatory
Stock symbol
SLAM
Transactions as of
Apr 25, 2023
Transactions value $
-$5,000
Form type
4
Date filed
4/26/2023, 05:27 PM
Previous filing
Feb 6, 2023
Next filing
Oct 13, 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 SLAM Class B ordinary shares Conversion of derivative security $5K +5K +0.04% $1.00* 14.2M Apr 25, 2023 Class A ordinary shares 5K Direct F1, F2
transaction SLAM Class B ordinary shares Sale -$10K -10K -0.07% $1.00* 14.2M Apr 25, 2023 Class A ordinary shares 10K Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported transaction represents the exempt exercise of an option to repurchase 5,000 Class B ordinary shares, par value $0.0001 (the "Class B Shares") previously sold by Slam Sponsor, LLC (the "Sponsor") to Ann Berry pursuant to that certain Securities Assignment Agreement dated March 11, 2022, among the Sponsor, the issuer and Ann Berry, which provided the Sponsor with an option to repurchase the Class B Shares upon Ann Berry's resignation from the issuer's board of directors prior to vesting, at the original purchase price (approximately $1.00 per share) paid by Ann Berry.
F2 As described in the issuer's registration statement on Form S-1 (File No. 333-252727) under the heading "Description of Securities-Founder Shares", the Class B Shares will automatically convert into Class A ordinary shares, par value $0.0001, of the issuer at the time of the issuer's initial business combination transaction on a one-for-one basis, subject to adjustment for share splits, share capitalizations, reorganizations, recapitalizations and the like, and certain anti-dilution rights and have no expiration date.
F3 Represents 10,000 Class B Shares sold by the Sponsor.
F4 On April 25, 2023, the Sponsor sold 10,000 Class B Shares to Lisa Hatton Harrington for $10,000, or approximately $1.00 per share, in connection with Ms. Harrington's appointment to the board of directors of the issuer.