Theodore T. Wang - May 6, 2021 Form 3 Insider Report for Angel Pond Holdings Corp (POND)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
Theodore T. Wang
Stock symbol
POND
Transactions as of
May 6, 2021
Transactions value $
$0
Form type
3
Date filed
5/11/2021, 04:13 PM
Next filing
Jan 4, 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 POND Class B Ordinary Shares May 6, 2021 Class A Ordinary Shares 8.58M By Angel Pond Partners LLC F1, F2, F3
holding POND Prepaid Forwards of Class B Ordinary Shares May 6, 2021 Class A Ordinary Shares 1.6M By Angel Pond Partners LLC F1, F3, F4, F5
* 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. 333-253990), as amended, under the heading "Description of Securities--Founder Shares," the Class B ordinary shares, par value $0.0001 per share, of the issuer will automatically convert into Class A ordinary shares, par value $0.0001 per share, of the issuer at the time of, or immediately following, the issuer's initial business combination, on a one-for-one basis, subject to certain adjustments, and have no expiration date.
F2 The Class B ordinary shares beneficially owned by the reporting person include up to 1,125,000 shares that are subject to forfeiture to the extent the underwriters of the initial public offering of the issuer's securities do not exercise in full their over-allotment option as described in the issuer's registration statement.
F3 Dr. Wang and Lionyet International Ltd are the co-managing members of Angel Pond Partners LLC and together exercise voting and investment power with respect to the Class B ordinary shares held by Angel Pond Partners LLC. The shares beneficially owned by Angel Pond Partners LLC may also be deemed to be beneficially owned by Dr. Wang.
F4 As described in the issuer's registration statement on Form S-1 (File No. 333-253990), as amended, under the heading "Principal Shareholders," the obligation to deliver Class B shares pursuant to the prepaid forwards is triggered by the consummation of an initial business combination. Until the transfers are consummated, Angel Pond Partners LLC will retain total voting and disposition control over the founder shares subject to the forward purchase agreements, subject to the future delivery obligations.
F5 This row aggregates multiple transactions involving prepaid forwards.