CEMAC Sponsor LP - May 23, 2023 Form 4 Insider Report for Capitalworks Emerging Markets Acquisition Corp (CMCA)

Role: 10%+ Owner
Signature: /s/ Robert Oudhof, Sole Director of CEMAC Sponsor GP, the General Partner of CEMAC Sponsor LP
Stock symbol: CMCA
Transactions as of: May 23, 2023
Transactions value $: $0
Form type: 4
Date filed: 5/25/2023, 09:04 PM
Previous filing: Dec 2, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CMCA	Class A Ordinary Shares	Conversion of derivative security		+5.75M			5.75M	May 23, 2023	Direct	F1, F2

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	CMCA	Class B Ordinary Shares	Conversion of derivative security		-5.75M	-100%		1	May 23, 2023	Class A Ordinary Shares	5.75M		Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Class B ordinary shares, par value $0.0001 per share ("Class B Ordinary Shares"), of the issuer are convertible into an equal number of Class A ordinary shares, par value $0.0001 per share ("Class A Ordinary Shares"), of the issuer and have no expiration date. On May 23, 2023, the reporting person elected to convert 5,749,999 of their Class B Ordinary Shares into Class A Ordinary Shares.
F2	The securities reported herein are held of record by CEMAC Sponsor LP (the "Sponsor"). CEMAC Sponsor GP is the general partner of the Sponsor. Robert Oudhof is the sole director of CEMAC Sponsor GP and has voting and investment discretion with respect to the securities held by the Sponsor. As such, Mr. Oudhof may be deemed to possess beneficial ownership of the securities held directly by the Sponsor. Mr. Oudhof disclaims any beneficial ownership of the reported securities other than to the extent of any pecuniary interest he may have therein, directly or indirectly.

Content

Class B ordinary shares, par value $0.0001 per share ("Class B Ordinary Shares"), of the issuer are convertible into an equal number of Class A ordinary shares, par value $0.0001 per share ("Class A Ordinary Shares"), of the issuer and have no expiration date. On May 23, 2023, the reporting person elected to convert 5,749,999 of their Class B Ordinary Shares into Class A Ordinary Shares.

The securities reported herein are held of record by CEMAC Sponsor LP (the "Sponsor"). CEMAC Sponsor GP is the general partner of the Sponsor. Robert Oudhof is the sole director of CEMAC Sponsor GP and has voting and investment discretion with respect to the securities held by the Sponsor. As such, Mr. Oudhof may be deemed to possess beneficial ownership of the securities held directly by the Sponsor. Mr. Oudhof disclaims any beneficial ownership of the reported securities other than to the extent of any pecuniary interest he may have therein, directly or indirectly.