Ian Chan - Nov 13, 2024 Form 4 Insider Report for Abpro Holdings, Inc. (ABP)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Nelson Mullins Riley & Scarborough LLP, Attorney-in-Fact
Stock symbol
ABP
Transactions as of
Nov 13, 2024
Transactions value $
$0
Form type
4
Date filed
11/25/2024, 09:40 PM
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ABP Common Stock, par value $0.0001 per share Award $0 +6.53M $0.00 6.53M Nov 13, 2024 Direct F1
transaction ABP Common Stock, par value $0.0001 per share Award $0 +1.14M $0.00 1.14M Nov 13, 2024 By FV Dynasty Trust F2
transaction ABP Common Stock, par value $0.0001 per share Award $0 +987K $0.00 987K Nov 13, 2024 By spouse F3

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 ABP Stock option (right to buy) Award $0 +777K $0.00 777K Nov 13, 2024 Common Stock, par value $0.0001 per share 777K $1.67 Direct F4, F5
transaction ABP Stock option (right to buy) Award $0 +787K $0.00 787K Nov 13, 2024 Common Stock, par value $0.0001 per share 787K $1.63 Direct F4, F6
transaction ABP Stock option (right to buy) Award $0 +787K $0.00 787K Nov 13, 2024 Common Stock, par value $0.0001 per share 787K $1.63 Direct F4, F5
transaction ABP Stock option (right to buy) Award $0 +578K $0.00 578K Nov 13, 2024 Common Stock, par value $0.0001 per share 578K $1.73 Direct F4, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the issuance by Abpro Holdings, Inc. (f/k/a Atlantic Coastal Acquisition Corp. II) (the "Issuer") on November 13, 2024, of 6,528,200 shares of Common Stock to the reporting person pursuant to a Business Combination Agreement, dated as of December 11, 2023 (as amended by Amendment No. 1 to Business Combination Agreement, dated September 4, 2024, the "Business Combination Agreement"), among the Issuer, Abpro Merger Sub Corp, a Delaware corporation, and Abpro Corporation, a Delaware corporation ("Abpro"), relating to the business combination between the Issuer and Abpro (the "Business Combination").
F2 Reflects the issuance by the Issuer to FV Dynasty Trust, of which the reporting person is trustee, on November 13, 2024, of 1,137,200 shares of Common Stock pursuant the Business Combination Agreement. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
F3 Reflects the issuance by the Issuer to the reporting person's spouse on November 13, 2024, of 987,400 shares of Common Stock pursuant the Business Combination Agreement. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
F4 Reflects the issuance by the Issuer of rollover stock option awards in connection with the closing of the Business Combination.
F5 This stock option award is 100% vested.
F6 This stock option award was initially granted by Abpro to the reporting person on February 18, 2022. The stock option award vests as follows: twenty-five percent (25%) the shares subject to the option vested on February 18, 2022, and the remaining seventy-five percent (75%) of the total number of shares subject to the option vest in thirty-six (36) substantially equal monthly installments thereafter, subject to the reporting person's continuous service to the Issuer through such date.
F7 This stock option award was initially granted by Abpro to the reporting person on April 14, 2021. The stock option award vests as follows: twenty-five percent (25%) the shares subject to the option vested on April 14, 2022, and the remaining seventy-five percent (75%) of the total number of shares subject to the option vest in thirty-six (36) substantially equal monthly installments thereafter, subject to the reporting person's continuous service to the Issuer through such date.