Sajan Pillai - Nov 2, 2021 Form 3 Insider Report for McLaren Technology Acquisition Corp. (MLAIU)

Role: CEO and Chairman, Director, 10%+ Owner
Signature: /s/ Sajan Pillai
Stock symbol: MLAIU
Transactions as of: Nov 2, 2021
Transactions value $: $0
Form type: 3
Date filed: 11/2/2021, 08:10 PM
Next filing: Nov 9, 2021

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	MLAIU	Class B Common Stock							Nov 2, 2021	Class A Common Stock	5.03M		See footnote	F1, F2

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

Explanation of Responses:

Id	Content
F1	As described in the registrant's registration statement on Form S-1 (File No. 333- 259339) 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 registrant's initial business combination on a one-for-one basis, subject to certain adjustments described therein and have no expiration date.
F2	These shares of Class B common stock are held by McLaren Technology Acquisition Sponsor LLC, acquired pursuant to a subscription agreement dated as of March 9, 2021 by and among McLaren Technology Acquisition Sponsor LLC and the registrant. Sajan Pillai, the Chairman and Chief Executive Officer of the registrant, is the controlling shareholder of McLaren Strategic Ventures Holdings, Inc, the managing member of McLaren Technology Acquisition Sponsor LLC. Mr. Sajan has sole voting and dispositive control over the shares held by McLaren Technology Acquisition Sponsor LLC and may be deemed the beneficial owner of such shares. These shares include an aggregate of 656,250 shares that are subject to forfeiture to the extent that the underwriters do not exercise their over-allotment option in connection with the registrant's initial public offering in full. Mr. Pillai disclaims any such beneficial ownership except to the extent of his pecuniary interest.

Content

As described in the registrant's registration statement on Form S-1 (File No. 333- 259339) 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 registrant's initial business combination on a one-for-one basis, subject to certain adjustments described therein and have no expiration date.

These shares of Class B common stock are held by McLaren Technology Acquisition Sponsor LLC, acquired pursuant to a subscription agreement dated as of March 9, 2021 by and among McLaren Technology Acquisition Sponsor LLC and the registrant. Sajan Pillai, the Chairman and Chief Executive Officer of the registrant, is the controlling shareholder of McLaren Strategic Ventures Holdings, Inc, the managing member of McLaren Technology Acquisition Sponsor LLC. Mr. Sajan has sole voting and dispositive control over the shares held by McLaren Technology Acquisition Sponsor LLC and may be deemed the beneficial owner of such shares. These shares include an aggregate of 656,250 shares that are subject to forfeiture to the extent that the underwriters do not exercise their over-allotment option in connection with the registrant's initial public offering in full. Mr. Pillai disclaims any such beneficial ownership except to the extent of his pecuniary interest.