Form 4 for AERT Aeries Technology, Inc.
Accepted 2023-11-13 00:00:00 ET · period of report 2023-11-08 · accession 0001829126-23-007333 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-11-13 | 2023-11-08 | AERT | Worldwide Webb Acquisition Sponsor, LLC | 10% | C - Cnv Deriv | — | +1.50M | 1.50M | New | — |
| D | 2023-11-13 | 2023-11-08 | AERT | Worldwide Webb Acquisition Sponsor, LLC | 10% | J - Other | $0.00 | -1.50M | 0 | -100% | $0 |
| D | 2023-11-13 | 2023-11-08 | AERT | Worldwide Webb Acquisition Sponsor, LLC | 10% | C - Cnv Deriv | $0.00 | -1.50M | 0 | -100% | $0 |
| D | 2023-11-13 | 2023-11-08 | AERT | Worldwide Webb Acquisition Sponsor, LLC | 10% | D - Sale to Iss | $0.00 | -3.00M | 1.50M | -67% | $0 |
| D | 2023-11-13 | 2023-11-08 | AERT | Worldwide Webb Acquisition Sponsor, LLC | 10% | J - Other | — | -9.53M | 0 | -100% | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A ordinary shares | 2023-11-08 | C | A | 1,500,000 | — | 1,500,000 | D | — | — | (F2) The Class B ordinary shares were automatically convertible into Class A ordinary shares at the time of the Issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to certain adjustments, and had no expiration date. (F3) Daniel Webb is the manager of the Reporting Person. As such, Mr. Webb may be deemed to have beneficial ownership of the Class B ordinary shares and private placement warrants held directly by the Reporting Person. Mr. Webb disclaims any beneficial ownership of the reported securities other than to the extent of any pecuniary interest he may have therein. |
| 2 | Common | Class A ordinary shares | 2023-11-08 | J | D | 1,500,000 | $0.00 | 0 | D | — | — | (F3) Daniel Webb is the manager of the Reporting Person. As such, Mr. Webb may be deemed to have beneficial ownership of the Class B ordinary shares and private placement warrants held directly by the Reporting Person. Mr. Webb disclaims any beneficial ownership of the reported securities other than to the extent of any pecuniary interest he may have therein. |
| 3 | Derivative | Class B ordinary shares | 2023-11-08 | C | D | 1,500,000 | $0.00 | 0 | D | — · — to — | 1,500,000 Class A ordinary shares | (F3) Daniel Webb is the manager of the Reporting Person. As such, Mr. Webb may be deemed to have beneficial ownership of the Class B ordinary shares and private placement warrants held directly by the Reporting Person. Mr. Webb disclaims any beneficial ownership of the reported securities other than to the extent of any pecuniary interest he may have therein. (F1) Each Class B ordinary share was converted into one Class A ordinary share of the Issuer in connection with the consummation of the Issuer's initial business combination (F2) The Class B ordinary shares were automatically convertible into Class A ordinary shares at the time of the Issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to certain adjustments, and had no expiration date. |
| 4 | Derivative | Class B ordinary shares | 2023-11-08 | D | D | 3,000,000 | $0.00 | 1,500,000 | D | — · — to — | 3,000,000 Class A ordinary shares | (F3) Daniel Webb is the manager of the Reporting Person. As such, Mr. Webb may be deemed to have beneficial ownership of the Class B ordinary shares and private placement warrants held directly by the Reporting Person. Mr. Webb disclaims any beneficial ownership of the reported securities other than to the extent of any pecuniary interest he may have therein. (F1) Each Class B ordinary share was converted into one Class A ordinary share of the Issuer in connection with the consummation of the Issuer's initial business combination (F2) The Class B ordinary shares were automatically convertible into Class A ordinary shares at the time of the Issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to certain adjustments, and had no expiration date. |
| 5 | Derivative | Private placement warrants | 2023-11-08 | J | D | 9,527,810 | — | 0 | D | $11.50 · 2023-12-06 to 2028-12-06 | 9,527,810 Class A ordinary shares | (F4) On November 8, 2023, the Reporting Person effectuated a pro rata distribution of (i) 9,527,810 private placement warrants and (ii) 1,500,000 Class A ordinary shares to its members for no consideration. (F3) Daniel Webb is the manager of the Reporting Person. As such, Mr. Webb may be deemed to have beneficial ownership of the Class B ordinary shares and private placement warrants held directly by the Reporting Person. Mr. Webb disclaims any beneficial ownership of the reported securities other than to the extent of any pecuniary interest he may have therein. |