Russell Stidolph - 28 Apr 2023 Form 4 Insider Report for AltEnergy Acquisition Corp (AEAE)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ AltEenrgy Acquisition Sponsor LLC, By: /s/ Russell Stidolph, Manager
Issuer symbol
AEAE
Transactions as of
28 Apr 2023
Transactions value $
$0
Form type
4
Filing time
01 May 2023, 09:06:27 UTC
Previous filing
20 Jan 2023
Next filing
17 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AEAE Class A Common Stock Conversion of derivative security +5.5M 5.5M 28 Apr 2023 See footnote F1, F2, F3

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 AEAE Class B Common Stock Conversion of derivative security -5.5M -100% 1 28 Apr 2023 Class A Common Stock 5.5M See footnote F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares of Class B common stock of the issuer, par value $0.0001 per share ("Class B Common Stock"), are convertible into an equal number of shares of Class A common stock of the issuer, par value $0.0001 per share ("Class A Common Stock"), and have no expiration date. On February 28, 2023, AltEnergy Acquisition Sponsor, LLC (the "Sponsor") elected to convert 5,750,000 shares of their Class B Common Stock into shares of Class A Common Stock. After such conversion, the Sponsor held 28,750,000 shares of Class A Common Stock.
F2 Excludes 11,600,000 shares of Class A common stock issuable upon exercise of warrants that are not presently exercisable.
F3 The securities reported herein are held of record by the Sponsor. Russell Stidolph, the Chief Executive Officer and a director of the issuer, is the managing member of the Sponsor and has voting and investment discretion with respect to the securities held by the Sponsor. As such, Mr. Stidolph may be deemed to possess beneficial ownership of the securities held directly by the Sponsor. Mr. Stidolph disclaims any beneficial ownership of the reported securities other than to the extent of any pecuniary interest he may have therein, directly or indirectly.