Sec Form 4 Filing - Marblegate Acquisition LLC @ Marblegate Acquisition Corp. - 2021-11-15

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Marblegate Acquisition LLC
2. Issuer Name and Ticker or Trading Symbol
Marblegate Acquisition Corp. [ GATEU]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
C/O ELLENOFF GROSSMAN & SCHOLE LLP, 1345 AVENUE OF THE AMERICAS
3. Date of Earliest Transaction (MM/DD/YY)
11/15/2021
(Street)
NEW YORK, NY10105
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Class B Common Stock ( 1 ) 11/15/2021 J( 2 ) 1,507,500 ( 1 ) ( 1 ) Class A Common Stock 1,507,500 $ 0.002 7,829,469 D( 3 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Marblegate Acquisition LLC
C/O ELLENOFF GROSSMAN & SCHOLE LLP
1345 AVENUE OF THE AMERICAS
NEW YORK, NY10105
X
Marblegate Asset Management, LLC
5 GREENWICH OFFICE PARK, SUITE 400
GREENWICH, CT06831
X
Milgram Andrew
5 GREENWICH OFFICE PARK, SUITE 400
GREENWICH, CT06831
X Chief Executive Officer
Arrouet Paul
5 GREENWICH OFFICE PARK, SUITE 400
GREENWICH, CT06831
X President
Signatures
Marblegate Acquisition LLC, By: /s/ Andrew Milgram, a managing partner of Marblegate Asset Management, LLC, the managing member of Marblegate Acquisition LLC 11/17/2021
Signature of Reporting Person Date
Marblegate Asset Management, LLC, By: /s/ Andrew Milgram, a managing partner 11/17/2021
Signature of Reporting Person Date
Andrew Milgram, /s/ Andrew Milgram 11/17/2021
Signature of Reporting Person Date
Paul Arrouet, /s/ Paul Arrouet 11/17/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )As described in the registrant's registration statement on Form S-1 (File No. 333-259422) under the heading "Description of Securities-Founder Shares," the shares of Class B common stock will automatically convert into shares of Class A common stock at the time of the registrant's initial business combination on a one-for-one basis, subject to certain adjustments described therein, and have no expiration date.
( 2 )As contemplated in connection with the initial public offering of the registrant, 1,507,500 shares of Class B common stock of the registrant were returned by the reporting persons to the registrant for no consideration and cancelled, because the underwriters' over-allotment option was not exercised.
( 3 )Marblegate Acquisition LLC (the "Sponsor") is the record holder of the securities reported herein. Marblegate Asset Management, LLC ("MAM") is the managing member of the Sponsor and each of Andrew Milgram and Paul Arrouet are managing partners of MAM. Messrs. Milgram and Arrouet may be deemed to have shared beneficial ownership of the shares held by the Sponsor by virtue of their control over the Sponsor, as managing partners of the Sponsor's managing member. Messrs. Milgram and Arrouet each disclaims beneficial ownership of the common stock held by the Sponsor other than to the extent of his pecuniary interest in such shares.

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