Benjamin G. Wolff - 24 Sep 2021 Form 4 Insider Report for Sarcos Technology & Robotics Corp (STRC)

Role: President & CEO, Director, 10%+ Owner
Signature: /s/ Julie Wolff, Attorney-in-fact on behalf of Benjamin G. Wolff
Issuer symbol: STRC
Transactions as of: 24 Sep 2021
Transactions value $: $500,000
Form type: 4
Filing time: 24 Sep 2021, 17:37:39 UTC
Previous filing: 12 May 2021
Next filing: 30 Dec 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	STRC	Common Stock	Award	$500K	+50K	+0.34%	$10.00^*	14.6M	24 Sep 2021	See footnote	F1
holding	STRC	Common Stock						5.42M	24 Sep 2021	Direct	F2

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

Explanation of Responses:

Id	Content
F1	On April 5, 2021, the issuer entered into subscription agreements with certain investors (the PIPE Investors) pursuant to which the PIPE Investors agreed to purchase shares of the common stock of the issuer for $10.00 per share in connection with, and conditioned upon, the substantially concurrent consummation of certain transactions, including the Agreement and Plan of Merger, dated as of April 5, 2021, as amended on August 28, 2021, by and among Sarcos Corp., Rotor Merger Sub Corp. and Rotor Acquisition Corp. (the Business Combination). As one of the PIPE Investors, on September 24, 2021, Mares Leg Capital, LLC (Mares Leg) acquired 50,000 shares of the common stock of the issuer for $10.00 per share. Mares Leg is an entity wholly owned by Mr. Wolff and his spouse Julie Wolff.
F2	Includes 287,205 restricted stock units ("RSU"), each RSU representing the right to receive one share of common stock of the issuer.

Content

On April 5, 2021, the issuer entered into subscription agreements with certain investors (the PIPE Investors) pursuant to which the PIPE Investors agreed to purchase shares of the common stock of the issuer for $10.00 per share in connection with, and conditioned upon, the substantially concurrent consummation of certain transactions, including the Agreement and Plan of Merger, dated as of April 5, 2021, as amended on August 28, 2021, by and among Sarcos Corp., Rotor Merger Sub Corp. and Rotor Acquisition Corp. (the Business Combination). As one of the PIPE Investors, on September 24, 2021, Mares Leg Capital, LLC (Mares Leg) acquired 50,000 shares of the common stock of the issuer for $10.00 per share. Mares Leg is an entity wholly owned by Mr. Wolff and his spouse Julie Wolff.

Includes 287,205 restricted stock units ("RSU"), each RSU representing the right to receive one share of common stock of the issuer.