CENAQ Energy (CENQ) 10% owner CENAQ Sponsor acquired 3,487,500 shares

Insider transactions reported

CENAQ Sponsor LLC. (10% owner at CENAQ Energy Corp., CENQ) reported that they acquired 3,487,500 shares on Oct 26, 2022. After these transactions the filing shows 3,487,500 shares held directly.

Reporting person

CENAQ Sponsor LLC.

Options and other derivatives

Holdings before and after

• Class A Common Stock: 0 to 3,487,500 direct
• Class B Common Stock: 3,487,500 to 0 direct

Footnotes from the filing

1. 1. In accordance with the third amended and restated certificate of incorporation of CENAQ Energy Corp. ( CENAQ ), the Reporting Person elected to convert its shares of Class B Common Stock into shares of Class A Common Stock on a one-for-one basis.
2. 2. The shares of Class B Common Stock were (i) convertible into shares of Class A Common Stock at the Reporting Person's election on a one-for-one basis and (ii) automatically convertible into shares of Class A Common Stock at the time of the closing of CENAQ's initial business combination on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights (which rights were waived by CENAQ Sponsor LLC in connection with CENAQ's proposed business combination), and had no expiration date.
3. 3. CENAQ Sponsor LLC is the record holder of the shares reported herein. John B. Connally III, J. Russell Porter and Michael J. Mayell are the members of the board of managers of CENAQ Sponsor LLC. Each of Messers. Connally, Porter and Mayell may be deemed to have or share beneficial ownership of the common stock held directly by CENAQ Sponsor LLC. Each such person disclaims any such beneficial ownership of such securities except to the extent of their pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.

Transaction codes in this filing

Conversion of a derivative:

Code C marks the conversion of a derivative, such as preferred stock or units, into another security.

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