G&p Sponsor, LLC and Nicholas S Schorsch Transfers Shares of G&P Acquisition Corp (GAPA) — SEC Form 4, Mar 11, 2021

SEC Form 4 · No Market Transaction
Other Transaction

Non-market transaction reported.

Reporting Owners
Director 10% Owner
Director 10% Owner
TXN 2021-03-10 · FILED 2021-03-11
Filing Lag 1 business day within 2-day SEC deadline
Form 4 · Statement of Changes in Beneficial Ownership
Filing Date
2021-03-11
Report Date
2021-03-10
Accession No.
0000950142-21-000926
Accepted At
2021-03-11 23:38 UTC
Reporting Owners
Name Relationship
G&p Sponsor, LLC CIK 0001839106
Director 10% Owner
Nicholas S Schorsch CIK 0001248577
Director 10% Owner
G&p Sponsor, LLC at G&P Acquisition Corp Full insider history
Bought (12 mo) —
Sold (12 mo) —
More from this insider at G&P Acquisition Corp
2021-04-26 Gift/Other — View
All filings by this insider at G&P Acquisition Corp
Derivative Securities Transactions
Title Strike Date Type Shares Price Expiration Underlying Ownership
Class B Common StockF1F2F2F1F1F1F2F3F4 2021-03-10 J - Other 718,750 D 718,750 Class A Common Stock Direct
Footnotes (4)
F1
The shares of the Issuer?s Class B common stock, par value $0.0001 per share (the ?Class B Common Stock?), are convertible for the shares of the Issuer?s Class A common stock, par value $0.0001 per share, as described under the heading ?Description of Securities? in the Issuer?s Registration Statement on Form S-1?(File No. 333-253089) (the ?Registration Statement?) and have no expiration date. Show more
F2
On March 10, 2021, the Sponsor forfeited 718,750 shares of the Class B Common Stock to the Issuer for no consideration in connection with a reduction in the size of the Issuer?s initial public offering, resulting in the Sponsor holding 4,956,250 shares of the Class B Common Stock. The shares of the Class B Common Stock beneficially owned by the Reporting Persons include up to 656,250 shares of Class B Common Stock that are subject to forfeiture to the Issuer depending on the extent to which the underwriters? over-allotment option is exercised in connection with the Issuer?s initial public offering of units, as described in the Registration Statement. Show more
F3
G&P Sponsor, LLC is the record holder of the securities reported herein. Mr. Schorsch is the managing member of G&P Sponsor, LLC and has voting and investment discretion with respect to the securities held of record by G&P Sponsor, LLC. Show more
F4
Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the ?Exchange Act?), this filing shall not be deemed an admission that the Reporting Persons are, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owners of any equity securities in excess of their respective pecuniary interests. Show more
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