Mercury Sponsor Group I LLC - 27 Jul 2021 Form 3 Insider Report for Mercury Ecommerce Acquisition Corp (SEPAW)

Role
10%+ Owner
Signature
/s/ R. Andrew White
Issuer symbol
SEPAW
Transactions as of
27 Jul 2021
Net transactions value
$0
Form type
3
Filing time
27 Jul 2021, 13:59:39 UTC
Next filing
03 Aug 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
holding SEPAW Class B Common Stock 27 Jul 2021 Class A Common Stock 4,836,250 See footnotes F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Class B ordinary shares will automatically convert into the Issuer's Class A ordinary shares at the time of the Issuer's initial business combination on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights, and has no expiration date.
F2 Includes up to 656,250 shares of Class B Common Stock that are subject to forfeiture if the underwriters in the Issuer's initial public offering of common stock do not exercise their over-allotment option in full or in part.
F3 Mercury Sponsor Group I LLC is the record holder of the shares reported herein. Each of M. Blair Garrou and R. Andrew White are the managers of Mercury Sponsor Group I LLC. Affiliates of M. Blair Garrou and R. Andrew White each own 50% of the economic interest of Mercury Sponsor Group I LLC. As such, each of M. Blair Garrou and R. Andrew White may be deemed to have beneficial ownership of the Class B common stock held directly by Mercury Sponsor Group I LLC. Each of M. Blair Garrou and R. Andrew White disclaim beneficial ownership over any securities owned by Mercury Sponsor Group I LLC in which he does not have any pecuniary interest.