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Filing Details

Accession Number:: 0001062993-21-006187
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-07-01 17:08:35
Reporting Period:: 2020-05-13

Accepted Time:: 2021-07-01 17:08:35
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1802749	Lightning Emotors Inc.	ZEV	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1390808	Neil Miotto	C/O Lightning Emotors, Inc. 1731 Embarcadero Road, Suite 200 Palo Alto CA 94303		Yes	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2020-05-13	650,000	$10.00	6,385,000	No	4	P	Indirect	By GigAcquisitions3, LLC
Common Stock	Disposition	2020-06-29	750,000	$0.00	5,635,000	No	4	D	Indirect	By GigAcquisitions3, LLC
Common Stock	Disposition	2021-06-29	650,000	$0.00	4,985,000	No	4	J	Indirect	By GigAcquisitions3, LLC
Common Stock	Acquisiton	2021-06-29	1,950	$0.00	1,950	No	4	J	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	By GigAcquisitions3, LLC
No	4	D	Indirect	By GigAcquisitions3, LLC
No	4	J	Indirect	By GigAcquisitions3, LLC
No	4	J	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Private Warrant	Acquisiton	2020-05-13	487,500	$10.00	487,500	$11.50
Common Stock	Private Warrant	Disposition	2021-06-29	487,500	$0.00	0	$11.50
Common Stock	Private Warrant	Acquisiton	2021-06-29	1,462	$0.00	1,462	$11.50

Remaning Holdings	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
487,500	No	4	P	Indirect
0	No	4	J	Indirect
1,462	No	4	J	Direct

Footnotes

$10.00 is the price per Private Unit, with each Private Unit consisting of (i) one share of Common Stock and (ii) three-fourths of one Private Warrant with each whole warrant exercisable at price of $11.50 per share of Common Stock.
Includes 5,735,000 founder shares of Common Stock previously reported in the Amended Form 3 filed by the Reporting Person on July 1, 2021, and includes 750,000 shares of Common Stock that were forfeited by GigAcqusitions3, LLC (the "Sponsor") on June 29, 2020 because the underwriters' over-allotment was not exercised. The forfeiture of 750,000 shares of Common Stock held by the Sponsor is reported by the Reporting Person on this Form 4.
The Common Stock and Private Warrants are held directly by the Sponsor. Mr. Miotto is a member of GigFounders, LLC, which has a financial and voting interest in the Sponsor as a member of the Sponsor and that entities this partnership to participate in any economic return of the Sponsor in accordance with terms negotiated with the other holders of financial and voting interests in the Sponsor. Accordingly, the shares of Common Stock and Private Warrants held by the Sponsor, subject to the interests of such other holders, are indirectly and beneficially owned by Mr. Miotto by virtue of his financial interest in GigFounders, LLC.
Distribution of Common Stock to direct and indirect members of the Sponsor.
The Private Warrants will become exercisable on the later of 30 days after the completion of the Company's initial business combination or 12 months from the completion of the Company's initial public offering.
The Private Warrants will expire on the fifth anniversary of the Company's completion of its initial business combination.
Distribution of Private Warrants to direct and indirect members of the Sponsor.