Mohsin Y. Meghji - Oct 25, 2021 Form 4 Insider Report for M3-Brigade Acquisition III Corp. (MBSC)

Role
Executive Chairman of BOD, Director, 10%+ Owner
Signature
/s/ Mohsin Y. Meghji
Stock symbol
MBSC
Transactions as of
Oct 25, 2021
Transactions value $
$0
Form type
4
Date filed
10/27/2021, 05:27 PM
Previous filing
Oct 21, 2021
Next filing
Mar 7, 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 MBSC Class B Common Stock Other $0 -3.75K -0.05% $0.00 7.5M Oct 25, 2021 Class A Common Stock 3.75K See footnote F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 As described in the Issuer's registration statement on Form S-1 (File No. 333-256017) under the heading "Description of Securities - Founder Shares," the shares of Class B common stock will automatically convert into shares of Class A common stock at the time of the Issuer's initial business combination, or at any time prior thereto at the option of the holder, on a one-for-one basis, subject to certain adjustments described therein and have no expiration date.
F2 On October 25, 2021, M3-Brigade Sponsor III LP (the "Sponsor") forfeited at no cost 3,750 shares of common stock, par value $0.0001 per share, in connection with the determination by the underwriters of the Issuer's initial public offering not to exercise in full the over-allotment option granted to them.
F3 The reported shares of the Issuer are directly held by the Sponsor. The general partner of the Sponsor is M3-Brigade Acquisition Partners III Corp. Mohsin Meghji is the sole director of M3-Brigade Acquisition Partners III Corp. Mr. Meghji may be deemed to have beneficial ownership of the common stock held directly by the Sponsor.