Jonathan Gear - 08 Jun 2021 Form 4 Insider Report for CC Neuberger Principal Holdings II (PRPB)

Role: Director
Signature: /s/ Douglas Newton, as attorney-in-fact for Jonathan Gear
Issuer symbol: PRPB
Transactions as of: 08 Jun 2021
Net transactions value: $0
Form type: 4
Filing time: 10 Jun 2021, 16:23:07 UTC
Previous filing: 10 Jun 2021
Next filing: 17 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	PRPB	Class B ordinary shares	Purchase		+40,000			40,000	08 Jun 2021	Class A ordinary shares	40,000		Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	As described in the issuer's registration statement on Form S-1 (File No. 333-239875) under the heading "Description of Securities--Founder Shares", the Class B ordinary shares, par value $0.0001 ("Class B Ordinary Shares"), will automatically convert into Class A ordinary shares, par value $0.0001, of the issuer at the time of the issuer's initial business combination on a one-for-one basis, subject to adjustment for share splits, share capitalizations, reorganizations, recapitalizations and the like, and certain anti-dilution rights and have no expiration date.
F2	On June 8, 2021, CC Neuberger Principal Holdings II Sponsor LLC, the issuer's sponsor (the "Sponsor"), transferred 40,000 Class B Ordinary Shares to the reporting person for $0.001 per share, the initial purchase price per share paid by the Sponsor for its Class B Ordinary Shares (after giving effect to share capitalizations in July 2020).

Content

As described in the issuer's registration statement on Form S-1 (File No. 333-239875) under the heading "Description of Securities--Founder Shares", the Class B ordinary shares, par value $0.0001 ("Class B Ordinary Shares"), will automatically convert into Class A ordinary shares, par value $0.0001, of the issuer at the time of the issuer's initial business combination on a one-for-one basis, subject to adjustment for share splits, share capitalizations, reorganizations, recapitalizations and the like, and certain anti-dilution rights and have no expiration date.

On June 8, 2021, CC Neuberger Principal Holdings II Sponsor LLC, the issuer's sponsor (the "Sponsor"), transferred 40,000 Class B Ordinary Shares to the reporting person for $0.001 per share, the initial purchase price per share paid by the Sponsor for its Class B Ordinary Shares (after giving effect to share capitalizations in July 2020).