Russell Stidolph - 31 Dec 2024 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
31 Dec 2024
Net transactions value
$0
Form type
4
Filing time
03 Jan 2025, 16:14:18 UTC
Previous filing
29 Jul 2024
Next filing
16 May 2025
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 AEAE Private Placement Warrants Disposed to Issuer -4,000,000 -34% 7,600,000 31 Dec 2024 Class A Common Stock 4,000,000 See footnote F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each private placement warrant entitles the holder to purchase one share of Class A common stock at a price of $11.50 per share of the issuer, at any time commencing 30 days after the completion of an initial business combination. The holders of such private placement warrants agreed, upon the closing of the issuer's initial business combination, that the private placement warrants and the Class A common stock issuable upon exercise thereof shall be subject to a lock-up restrictions that will terminate with respect to (i) 50% of such shares on the 12 month anniversary of the closing date, (ii) 25% of such shares on the 18 month anniversary of the closing date and (iii) 25% of such shares on the 24 month anniversary of the closing date.
F2 The warrants will expire five years after completion of an initial business combination, or earlier upon redemption or liquidation in accordance with their terms.
F3 On December 31, 2024 AltEnergy Acquisition Sponsor, LLC (the "Sponsor"), forfeited 4,000,000 private placement warrants held of record and beneficially owned by it for no consideration.
F4 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.