Filing Details

Accession Number:
0001062993-21-002604
Form Type:
4
Zero Holdings:
No
Publication Time:
2021-03-11 16:11:27
Reporting Period:
2021-03-09
Accepted Time:
2021-03-11 16:11:27
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1841948 Lerer Hippeau Acquisition Corp. LHAA () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1791893 Benjamin Lerer C/O Lerer Hippeau Acquisition Corp.
100 Crosby Street, Suite 201
New York NY 10012
President Yes Yes Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock, $0.0001 Par Value Per Share Acquisiton 2021-03-09 45,324 $10.00 685,324 No 4 P Indirect See Footnote
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect See Footnote
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class A Common Stock, $0.0001 Par Value Per Share Class B common stock, $0.0001 par value per share Disposition 2021-03-09 183,454 $0.00 183,454 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
5,566,546 No 4 J Indirect
Footnotes
  1. Additional shares of Class A common stock, par value $0.0001 per share, purchased by the reporting person in a private placement concurrently with the issuer's initial public offering, in connection with the underwriters' partial exercise of its over-allotment option.
  2. The shares are held directly by the issuer's sponsor, LHAC Sponsor LLC (the "Sponsor"). The managing member of the Sponsor is KEB II LLC, the members of which are Eric Hippeau, Kenneth Lerer and Benjamin Lerer. Each of Mssrs. Hippeau, Lerer and Lerer have joint voting and dispositive power over the shares held by the Sponsor and disclaim beneficial ownership over any securities owned by the Sponsor in which they do not have any pecuniary interest.
  3. As described in the issuer's registration statement on Form S-1 (File No. 333-253066) under the heading "Description of Securities--Founder Shares," the shares of Class B common stock, par value $0.0001 per share, of the issuer will automatically convert into shares of Class A common stock, par value $0.0001 per share, of the issuer at the time of the issuer's initial business combination on a one-for-one basis, subject to certain adjustments, and have no expiration date.
  4. Reflects the cancellation by the issuer of 183,454 shares of Class B common stock, $0.0001 par value per share, which were automatically surrendered to the issuer for no consideration by the reporting person pursuant to contractual arrangements with the issuer, triggered by the election by the underwriters of the issuer's initial public offering to partially exercise their option to purchase additional shares and surrender their right to purchase the remainder of the option shares.