Sec Form 4 Filing - Pathfinder Acquisition LLC @ Movella Holdings Inc. - 2023-02-10

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
Pathfinder Acquisition LLC
2. Issuer Name and Ticker or Trading Symbol
Movella Holdings Inc. [ MVLA]
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 PATHFINDER ACQUISITION CORPORATION, 1950 UNIVERSITY AVENUE, SUITE 350
3. Date of Earliest Transaction (MM/DD/YY)
02/10/2023
(Street)
PALO ALTO, CA94303
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
Common Stock 02/10/2023 M( 1 ) 4,025,000 A 4,025,000 I See footnotes ( 3 ) ( 4 )
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 Ordinary Shares ( 1 ) 02/10/2023 M( 1 ) 4,025,000 ( 1 ) ( 1 ) Common Stock 4,025,000 ( 1 ) ( 1 ) 4,025,000 ( 1 ) I See footnotes ( 3 ) ( 4 )
Class B Ordinary Shares ( 1 ) 02/10/2023 D( 2 ) 4,025,000 ( 2 ) ( 2 ) Common Stock 4,025,000 ( 2 ) ( 2 ) 0 ( 2 ) I See footnotes ( 3 ) ( 4 )
Warrants ( 5 ) 02/10/2023 A( 5 ) 4,125,000 ( 5 ) ( 5 ) Common Stock 4,125,000 ( 5 ) 4,125,000 I See footnotes ( 3 ) ( 4 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Pathfinder Acquisition LLC
C/O PATHFINDER ACQUISITION CORPORATION
1950 UNIVERSITY AVENUE, SUITE 350
PALO ALTO, CA94303
X
Industry Ventures Tech Buyout, LP
522 WASHINGTON ST.
SAN FRANCISCO, CA94111
X
IV TECH BUYOUT GP, LLC
522 WASHINGTON ST.
SAN FRANCISCO, CA94111
X
HGGC PATHFINDER HOLDINGS I, LLC
1950 UNIVERSITY AVENUE, SUITE 350
PALO ALTO, CA94303
X
ARROWHEAD HOLDINGS, LLC / NEW
272 ROUND HILL ROAD
GREENWICH, CT068319
X
Signatures
Pathfinder Acquisition LLC By: /s/ Lance Taylor, Chief Financial Officer 02/13/2023
Signature of Reporting Person Date
Industry Ventures Tech Buyout, L.P.: /s/ Lindsay Sharma, Managing Director 02/13/2023
Signature of Reporting Person Date
IV Tech Buyout GP, LLC: /s/ Lindsay Sharma, Managing Director 02/13/2023
Signature of Reporting Person Date
Arrowhead Holdings, LLC: /s/ David Chung, Sole Manager 02/13/2023
Signature of Reporting Person Date
HGGC Pathfinder Holdings I, LLC: /s/ Richard Lawson, Manager 02/13/2023
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Pursuant to the Business Combination Agreement, dated October 3, 2022 (the "Business Combination Agreement"), by and among Pathfinder Acquisition Corporation, a Cayman Islands exempted company (the "Company"), Movella Inc., a Delaware corporation ("Movella"), and Motion Merger Sub, Inc., a Delaware corporation, the parties effected a business combination transaction ("Business Combination"), on February 10, 2023. In connection with the Business Combination, the Company domesticated as a Delaware corporation (the "Domestication") and changed its name to "Movella Holdings Inc." ("New Movella"). In connection with the consummation of the Business Combination, 4,025,000 of Class B ordinary shares, par value $0.0001, of the Company, which were previously convertible into Class A ordinary shares, par value $0.0001, of the Company converted into shares of common stock, par value $0.00001 per share, of New Movella simultaneously with the closing of the Business Combination.
( 2 )Pursuant to the Sponsor Letter Agreement, dated October 3, 2022, by and among Movella, the Company, Pathfinder Acquisition LLC (the "Sponsor"), and certain other investors, immediately following the Domestication, the Sponsor forfeited, surrendered and transferred to the Company 4,025,000 Class B Ordinary Shares for no consideration.
( 3 )The securities reported herein are held directly by Pathfinder Acquisition LLC (the "Sponsor"). The board of managers of the Sponsor exercises voting and dispositive power over all securities held by the Sponsor. HGGC Pathfinder Holdings I, LLC has the power to appoint three members to the board of managers of the Sponsor. Arrowhead Holdings, LLC ("Arrowhead") has the power to appoint a member to the board of managers of the Sponsor. Industry Ventures Tech Buyout, LP ("Tech Buyout") has the power to appoint two members to the board of managers of the Sponsor, IV Tech Buyout GP, LLC ("Tech Buyout GP") is the general partner of Tech Buyout and has the power to direct the affairs of Tech Buyout.
( 4 )(continued from footnote 3) Accordingly, each of HGGC Holdings, Arrowhead, Tech Buyout and Tech Buyout GP may be deemed to share dispositive power over the securities held by the Sponsor, and thus, may be deemed to be the beneficial owners of these securities. Each of HGGC Holdings, Arrowhead, Tech Buyout and Tech Buyout GP disclaims beneficial ownership of any securities held by the Sponsor except to the extent of such entity's pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.
( 5 )Pursuant to the Business Combination Agreement, private placement warrants held by the Reporting Person which were held as of the effectiveness of the Company's initial public offering but were not exercisable until the consummation of the Business Combination were converted into warrants of New Movella.

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