3//SEC Filing
JTJT PARTNERS LLC 3
Accession 0001140361-21-005131
CIK 0001836259other
Filed
Feb 15, 7:00 PM ET
Accepted
Feb 16, 9:57 PM ET
Size
17.7 KB
Accession
0001140361-21-005131
Insider Transaction Report
Form 3
JTJT PARTNERS LLC
10% Owner
Holdings
Class B Common Stock
→ Class A Common Stock (3,546,250 underlying)
Footnotes (2)
- [F1]Shares of Class B Common Stock will automatically convert into shares of the Issuer's Class A Common Stock at the time of the Issuer's initial business combination on a one-for-one basis, subject to adjustment, as described under the heading "Description of Securities" in the Issuer's registration statement on form S-1 (File No. 333-252604) and have no expiration date. Includes up to 468,750 shares of Class B Common Stock that are subject to forfeiture if the underwriter of the Issuer's initial public offering does not exercise in full its option to purchase additional units,
- [F2]JTJT Partners LLC ("JTJT") is member managed and James Carney, Timothy W. Clark, Tavo Hellmund and Jeffrey Luhnow are the four members of JTJT. Any action by JTJT with respect to the Issuer or the shares reported herein, including voting and dispositive decisions, requires a vote of at least 80% of the units held by the members, which based on current equity holders of JTJT, requires at least three of the four members. Under the so-called "rule of three," because voting and dispositive decisions are made by a majority of JTJT's members, none of the members of JTJT is deemed to be a beneficial owner of the shares.
Documents
Issuer
SportsTek Acquisition Corp.
CIK 0001836259
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001841558
Filing Metadata
- Form type
- 3
- Filed
- Feb 15, 7:00 PM ET
- Accepted
- Feb 16, 9:57 PM ET
- Size
- 17.7 KB