Bryan Dove - Mar 2, 2023 Form 4 Insider Report for Atlantic Coastal Acquisition Corp. (ACAH)

Role
Director
Signature
By: /s/ Bryan Dove
Stock symbol
ACAH
Transactions as of
Mar 2, 2023
Transactions value $
$0
Form type
4
Date filed
3/6/2023, 03:06 PM
Previous filing
Jan 13, 2022
Next filing
Apr 19, 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ACAH Class A Common Stock, par value $0.0001 per share Options Exercise +50K 50K Mar 2, 2023 Direct 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 ACAH Class B Common Stock, par value $0.0001 per share Options Exercise -50K -100% 0 Mar 2, 2023 Class A Common Stock, par value $0.0001 per share 50K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 2, 2023 the Reporting Person elected to exercise their right to convert 50,000 shares of Class B Common Stock into 50,000 shares of Class A Common Stock.
F2 The Class B Common Stock are convertible into the Issuer's Class A Common Stock on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights, as described under the heading "Description of Securities-Common Stock" in the Issuer's registration statement on Form S-1 (File No. 333-253003) and the Issuer's DEF 14A filed February 14th, 2023 and have no expiration date.