Chaitanya Kanojia - 29 Mar 2022 Form 4 Insider Report for Starry Group Holdings, Inc. (STRY)

Role: Chief Executive Officer and Director, Director, 10%+ Owner
Signature: /s/ William Lundregan, attorney-in-fact
Issuer symbol: STRY
Transactions as of: 29 Mar 2022
Net transactions value: $0
Form type: 4
Filing time: 31 Mar 2022, 16:04:08 UTC
Previous filing: 28 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Shares	Shares After	Date	Ownership	Footnotes
transaction	STRY	Class A Common Stock	Award	+368,158	368,158	29 Mar 2022	By self as trustee for Chaitanya Kanojia Qualified Annuity Interest Trust	F1
transaction	STRY	Class A Common Stock	Award	+12,885,514	12,885,514	29 Mar 2022	By spouse	F1
transaction	STRY	Class A Common Stock	Award	+368,158	368,158	29 Mar 2022	By spouse as trustee for Tracie L. Longman Qualified Annuity Interest Trust	F1

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	STRY	Class X Common Stock	Award		+9,268,335			9,268,335	29 Mar 2022	Class A Common Stock	9,268,335		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Pursuant to the Agreement and Plan of Merger, dated as of October 6, 2021 (as the same has been or may be amended, modified, supplemented or waived from time to time, the "Merger Agreement") by and among FirstMark Horizon Acquisition Corp. ("FMAC"), Sirius Merger Sub, Inc. ("Merger Sub"), Starry, Inc. ("Starry"), and Starry Group Holdings, Inc. (the "Issuer"), all outstanding Starry capital stock (i) held directly by the Reporting Person was cancelled and automatically converted into the right to receive a number of shares Class X Common Stock equal to the applicable exchange ratio (as described in the Merger Agreement) and (ii) held by any other person or entity was cancelled and automatically converted into the right to receive a number of shares Class A Common Stock equal to the applicable exchange ratio (as described in the Merger Agreement).
F2	The Class X Common Stock is convertible into Class A Common Stock of the Issuer on a one-for-one basis at the option of the holder. The Class X Common Stock will automatically convert into shares of Class A Common Stock on the earliest to occur of earlier of (a) the date that is nine months following the first date after the closing (the "Closing") of the business combination among the Issuer, FMAC, Starry and Merger Sub, Inc. on which the Reporting Person (1) is no longer providing services to the Issuer as a member of the senior leadership team, officer or director and (2) has not provided any such services for the duration of such nine-month period; and (b) the first date after the Closing as of which the the Reporting Person and certain permitted transferees have transferred, in the aggregate, more than 75% of the shares of Class X Common Stock that were held by the Reporting Person immediately following the Closing.

Content

Pursuant to the Agreement and Plan of Merger, dated as of October 6, 2021 (as the same has been or may be amended, modified, supplemented or waived from time to time, the "Merger Agreement") by and among FirstMark Horizon Acquisition Corp. ("FMAC"), Sirius Merger Sub, Inc. ("Merger Sub"), Starry, Inc. ("Starry"), and Starry Group Holdings, Inc. (the "Issuer"), all outstanding Starry capital stock (i) held directly by the Reporting Person was cancelled and automatically converted into the right to receive a number of shares Class X Common Stock equal to the applicable exchange ratio (as described in the Merger Agreement) and (ii) held by any other person or entity was cancelled and automatically converted into the right to receive a number of shares Class A Common Stock equal to the applicable exchange ratio (as described in the Merger Agreement).

The Class X Common Stock is convertible into Class A Common Stock of the Issuer on a one-for-one basis at the option of the holder. The Class X Common Stock will automatically convert into shares of Class A Common Stock on the earliest to occur of earlier of (a) the date that is nine months following the first date after the closing (the "Closing") of the business combination among the Issuer, FMAC, Starry and Merger Sub, Inc. on which the Reporting Person (1) is no longer providing services to the Issuer as a member of the senior leadership team, officer or director and (2) has not provided any such services for the duration of such nine-month period; and (b) the first date after the Closing as of which the the Reporting Person and certain permitted transferees have transferred, in the aggregate, more than 75% of the shares of Class X Common Stock that were held by the Reporting Person immediately following the Closing.

Remarks:

Chief Executive Officer and Director