Form 4 for AERT Aeries Technology, Inc.
Accepted 2023-11-13 00:00:00 ET · period of report 2023-11-08 · accession 0001829126-23-007334 · 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 | Webb Daniel S. | CIO, Dir, 10% | J - Other | — | +560.0K | 560.0K | New | — |
| DI | 2023-11-13 | 2023-11-08 | AERT | Webb Daniel S. | CIO, Dir, 10% | J - Other | — | -9.53M | 0 | -100% | — |
| DI | 2023-11-13 | 2023-11-08 | AERT | Webb Daniel S. | CIO, Dir, 10% | C - Cnv Deriv | $0.00 | -1.50M | 0 | -100% | $0 |
| DI | 2023-11-13 | 2023-11-08 | AERT | Webb Daniel S. | CIO, Dir, 10% | D - Sale to Iss | $0.00 | -3.00M | 1.50M | -67% | $0 |
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 | J | A | 560,000 | — | 560,000 | D | — | — | (F4) On November 8, 2023, Sponsor effectuated a pro rata distribution of (i) 9,527,810 private placement warrants and (ii) 1,500,000 Class A ordinary shares of the Issuer to its members, of which 560,000 Class A ordinary shares were distributed to the Reporting Person. |
| 2 | Derivative | Private placement warrants | 2023-11-08 | J | D | 9,527,810 | — | 0 | I see footnote | $11.50 · 2023-12-06 to 2028-12-06 | 9,527,810 Class A ordinary shares | (F4) On November 8, 2023, Sponsor effectuated a pro rata distribution of (i) 9,527,810 private placement warrants and (ii) 1,500,000 Class A ordinary shares of the Issuer to its members, of which 560,000 Class A ordinary shares were distributed to the Reporting Person. (F3) Worldwide Webb Acquisition Sponsor, LLC ("Sponsor") is the record holder of the securities reported herein. The Reporting Person is the manager of Sponsor. The Reporting Person, by virtue of his control over Sponsor may be deemed to beneficially own Class B ordinary shares and private placement warrants held by Sponsor. The Reporting Person 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 | I see footnote | — · — to — | 1,500,000 Class A ordinary shares | (F3) Worldwide Webb Acquisition Sponsor, LLC ("Sponsor") is the record holder of the securities reported herein. The Reporting Person is the manager of Sponsor. The Reporting Person, by virtue of his control over Sponsor may be deemed to beneficially own Class B ordinary shares and private placement warrants held by Sponsor. The Reporting Person 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 | I see footnote | — · — to — | 3,000,000 Class A ordinary shares | (F3) Worldwide Webb Acquisition Sponsor, LLC ("Sponsor") is the record holder of the securities reported herein. The Reporting Person is the manager of Sponsor. The Reporting Person, by virtue of his control over Sponsor may be deemed to beneficially own Class B ordinary shares and private placement warrants held by Sponsor. The Reporting Person 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. |