Joanna Coles - May 12, 2023 Form 4 Insider Report for Northern Star Investment Corp. II (NSTB)

Role
10%+ Owner
Signature
/s/ Joanna Coles
Stock symbol
NSTB
Transactions as of
May 12, 2023
Transactions value $
$0
Form type
4
Date filed
6/14/2023, 04:06 PM
Previous filing
May 4, 2023
Next filing
Jun 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NSTB Class A Common Stock Other -9.71M -100% 0 May 12, 2023 by Northern Star II Sponsor LLC F1

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 NSTB Warrants Other $0 -8.75M -100% $0.00* 0 May 12, 2023 Class A Common Stock 8.75M $11.50 by Northern Star II Sponsor LLC F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Joanna Coles is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 As previously reported, the reporting person had been a managing member of Northern Star II Sponsor LLC ("NS2 Sponsor") together with Jonathan Ledecky. On May 12, 2023, the reporting person entered into an agreement with Northern Star Sponsor LLC ("NS1 Sponsor") and Mr. Ledecky pursuant to which the parties agreed, among other things, that the reporting person (i) first resigned from all officer and director positions with the Issuer, (ii) then resigned from all officer and managing member positions with NS2 Sponsor and (iii) following such resignations, forfeited all of her membership interests in NS2 Sponsor originally allocated to her and agreed to cause such interests to be transferred to Mr. Ledecky.
F2 Each warrant will become exercisable 30 days after the completion of an initial business combination, and will expire five years after the completion of an initial business combination.