Emerald ESG Advisors, LLC - Dec 20, 2021 Form 3 Insider Report for FTAC Emerald Acquisition Corp. (EMLD)

Role: 10%+ Owner
Signature: /s/ Betsy Z. Cohen, Managing Member
Stock symbol: EMLD
Transactions as of: Dec 20, 2021
Transactions value $: $0
Form type: 3
Date filed: 12/22/2021, 04:31 PM
Next filing: Jan 19, 2022

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
holding	EMLD	Class B Common Stock, par value $0.0001							Dec 20, 2021	Class A Common Stock	4.35M		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The Class B common stock will automatically convert into Class A common stock at the time of the Issuer's initial business combination on a one-for-one basis, subject to certain adjustments described in the Issuer's charter documents and has no expiration date.
F2	The Class B common stock held by the Reporting Person was acquired from Emerald ESG Sponsor, LLC ("Sponsor") through a distribution by Sponsor to the Reporting Person, the member of Sponsor. The Class B common stock owned by the Reporting Person includes up to 726,194 shares of common stock that are subject to forfeiture in the event the underwriter of the Issuer's initial public offering does not exercise in full its over-allotment option.

Content

The Class B common stock will automatically convert into Class A common stock at the time of the Issuer's initial business combination on a one-for-one basis, subject to certain adjustments described in the Issuer's charter documents and has no expiration date.

The Class B common stock held by the Reporting Person was acquired from Emerald ESG Sponsor, LLC ("Sponsor") through a distribution by Sponsor to the Reporting Person, the member of Sponsor. The Class B common stock owned by the Reporting Person includes up to 726,194 shares of common stock that are subject to forfeiture in the event the underwriter of the Issuer's initial public offering does not exercise in full its over-allotment option.