4//SEC Filing
Gopalan Murali 4
Accession 0001213900-21-057857
CIK 0001851625other
Filed
Nov 8, 7:00 PM ET
Accepted
Nov 9, 8:15 PM ET
Size
10.9 KB
Accession
0001213900-21-057857
Insider Transaction Report
Form 4
Gopalan Murali
Chief Operating Officer
Transactions
- Other
Class B Common Stock
2021-11-05+109,375→ 109,375 total(indirect: see footnote) - Other
Warrants
2021-11-05$25000.00/sh+150,000$3,750,000,000→ 150,000 total(indirect: see footnote)Exercise: $11.50→ Common Stock (150,000 underlying) - Other
Class B Common Stock
2021-11-05$25000.00/sh+16,406$410,150,000→ 125,781 total(indirect: see footnote)
Footnotes (5)
- [F1]As described in the Issuer's registration statement on Form S-1 (File No. 333-259339) (the "Registration Statement") under the heading "Description of Securities," the shares of Class B common stock, par value $0.0001 per share ("Class B Common Stock") of the Issuer, will automatically convert into shares of Class A common stock, par value $0.0001 per share, ("Class A Common Stock") at the time of the Issuer's initial business combination, on a one-for-one basis, subject to certain adjustments described therein.
- [F2]Mr. Gopalan has an indirect pecuniary interest in shares of Class B Common Stock through his ownership of membership interests of McLaren Technology Acquisition Sponsor LLC (the "Sponsor"), over which the reporting person does not have voting or dispositive control. Pursuant to a Transfer Agreement entered into on November 5, 2021, by and between the Sponsor and Mr. Gopalan, the Sponsor granted the allocation of 109,375 shares of Class B Common Stock beneficially owned by the Sponsor to Mr. Gopalan for his services rendered to the Issuer.
- [F3]Mr. Gopalan has an indirect pecuniary interest in shares of Class B Common Stock and warrants to purchase Class A Common Stock through his ownership of membership interests of the Sponsor, over which the reporting person does not have voting or dispositive control. Pursuant to a Subscription Agreement entered into on November 5, 2021, by and between the Sponsor and Mr. Gopalan, Mr. Gopalan made a capital contribution to the Sponsor in the amount of $25,000 and the Sponsor allocated 16,406 shares of Class B Common Stock and 150,000 warrants of the Issuer to Mr. Gopalan, which the Sponsor owns.
- [F4]Each warrant will become exercisable on the later of 30 days after the completion of the Issuer's initial business combination or November 5, 2022.
- [F5]Each warrant will expire five years after the completion of the Issuer's initial business combination.
Documents
Issuer
McLaren Technology Acquisition Corp.
CIK 0001851625
Entity typeother
Related Parties
1- filerCIK 0001861686
Filing Metadata
- Form type
- 4
- Filed
- Nov 8, 7:00 PM ET
- Accepted
- Nov 9, 8:15 PM ET
- Size
- 10.9 KB