Hc Proptech Partners II Llc - Nov 29, 2022 Form 4 Insider Report for Appreciate Holdings, Inc. (SFR)

Role
10%+ Owner
Signature
/s/ Thomas D. Hennessy, Managing Member of HC PropTech II LLC
Stock symbol
SFR
Transactions as of
Nov 29, 2022
Transactions value $
$0
Form type
4
Date filed
12/1/2022, 08:17 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SFR Class A Common Stock Options Exercise $0 +5.6M $0.00 5.6M Nov 29, 2022 Direct F1
transaction SFR Class A Common Stock Other $0 -5.6M -100% $0.00* 0 Nov 29, 2022 Direct 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 SFR Class B Common Stock Options Exercise $0 -5.6M -100% $0.00* 0 Nov 29, 2022 Class A Common Stock 5.6M Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Hc Proptech Partners II Llc is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 As described in the registrant's registration statements on Form S-1 (File Nos. 333-249477 and 333-251115) under the heading "Description of Securities-Founder Shares," the shares of Class B common stock were automatically convertible 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. In connection with the closing of the registrant's initial business combination, the outstanding shares of Class B common stock were converted into shares of Class A common stock.
F2 Represents the pro rata distribution of the shares of Class A common stock of the registrant held by the reporting person to all of its members or their permitted transferees.