Ascendant Sponsor LP III - 15 Nov 2021 Form 4 Insider Report for Ascendant Digital Acquisition Corp. III (ACDI)

Role
Director, 10%+ Owner
Signature
/s/ Jordan Leon, Attorney-in-Fact for Ascendant Sponsor LP III
Issuer symbol
ACDI
Transactions as of
15 Nov 2021
Net transactions value
$0
Form type
4
Filing time
15 Nov 2021, 18:57:39 UTC
Previous filing
09 Nov 2021
SEC
View on sec.gov

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 ACDI Class B Ordinary Shares Other $0 -3,750 -0.05% $0.000000 7,270,000 15 Nov 2021 Class A Ordinary Shares 3,750 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On November 15, 2021, Ascendant Sponsor LP III (the "Sponsor") forfeited at no cost 3,750 Class B ordinary shares of the Issuer in connection with the election by the underwriters of the Issuer's initial public offering of units to exercise an option granted to them to cover over-allotments in part and not in full.
F2 The Class B ordinary shares are convertible for the Issuer's Class A ordinary shares as described under the heading "Description of Securities" in the Issuer's Registration Statement on Form S-1 (File No. 333-255349) (the "Registration Statement") and have no expiration date.
F3 Ascendant Sponsor LP III is the record holder of the securities reported herein. Ascendant Sponsor GP III LLC is the sole general partner of Ascendant Sponsor LP III and David Gomberg is the general partner of Ascendant Sponsor GP III LLC. Mr. Gomberg has voting and investment discretion with respect to the securities held of record by Ascendant Sponsor LP III.

Remarks:

See Exhibit 99.1 - Joint Filer Information, which is incorporated herein by reference and describes in further detail the relationships of the Reporting Persons to the Issuer.