GCT Semiconductor Holding, Inc. — Director's Dealing 2021

Nov 4, 2021

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Concord Acquisition Corp III (CNDB)
CIK: 0001851961
Period of Report: 2021-11-03

Reporting Person: Concord Sponsor Group III (10% Owner)

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Class B Common Stock	$		Class A Common Stock (7957727)		Direct

Footnotes

F1: The shares of Class B common stock have no expiration date and will automatically convert into shares of Class A common stock 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 adjustment as set forth in the Issuer's registration statement on Form S-1 (File No. 333-254789).

F2: Includes up to 1,051,363 shares subject to forfeiture depending on the extent to which the underwriters' over-allotment option is exercised, if at all.

F3: This Form 3 is being filed by Concord Sponsor Group III LLC, the sponsor of the issuer (the "Sponsor"). The sponsor is governed by a board of managers consisting of three managers, Bob Diamond, David Schamis and Jeff Tuder. Any action by the Sponsor with respect to the issuer or the issuer's securities held by the Sponsor, including voting and dispositive decisions, requires at least a majority vote of the managers of the board of managers. Under the so-called "rule of three", because voting and dispositive decisions are made by a majority of the managers, none of the managers is deemed to be a beneficial owner of issuer's securities held by the Sponsor, even those in which such manager holds a pecuniary interest. Accordingly, none of the managers on Sponsor's board of managers is deemed to have or share beneficial ownership of the founder shares held by the Sponsor.