Sec Form 4 Filing - Industrial Tech Partners, LLC @ Industrial Tech Acquisitions, Inc. - 2021-10-07

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
Industrial Tech Partners, LLC
2. Issuer Name and Ticker or Trading Symbol
Industrial Tech Acquisitions, Inc. [ ITAC]
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)
5090 RICHMOND AVE, SUITE 319
3. Date of Earliest Transaction (MM/DD/YY)
10/07/2021
(Street)
HOUSTON, TX77056
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 ) 10/07/2021 J( 2 ) 1,905,900 ( 1 ) ( 1 ) Class A Common Stock 1,905,900 $ 0 ( 1 ) 0 I See footnote ( 3 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Industrial Tech Partners, LLC
5090 RICHMOND AVE, SUITE 319
HOUSTON, TX77056
X
CRIST EUGENE SCOTT
5090 RICHMOND AVENUE, SUITE 319
HOUSTON, TX77056
X X CEO
Signatures
Industrial Tech Partners, LLC By: /s/ E. Scott Crist, Managing Member 10/12/2021
Signature of Reporting Person Date
E. Scott Crist /s/ E. Scott Crist 10/12/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The shares of Class B common stock, par value $0.0001 per share ("Class B Common Stock"), of Industrial Tech Acquisitions, Inc. (the "Issuer") reported herein automatically convert into shares of the Issuer's Class A common stock, par value $0.0001, at the time of the Issuer's initial business combination on a one-for-one basis. The Class B Common Stock has no expiration date. In connection with the Issuer's initial business combination described in footnote (2), the Class B Common Stock was converted into the right to receive an equal number of ordinary shares of the surviving entity, Arbe Robotics Ltd., an Israeli company ("Arbe"), on October 7, 2021.
( 2 )In connection with the transactions contemplated by that certain Business Combination Agreement, dated as of March 18, 2021 (as amended, the "Business Combination Agreement"), by and among Arbe, Autobot MergerSub, Inc., a Delaware corporation and wholly owned subsidiary of Arbe, and the Issuer, which were consummated on October 7, 2021, all shares of Class B Common Stock held by the Reporting Person were converted into the right to receive, on a one-for-one basis, ordinary shares, with a par value of NIS 0.000216 per share, of Arbe.
( 3 )Industrial Tech Partners, LLC ("Sponsor") is the record holder of the securities reported herein. E. Scott Crist is the managing member of the Sponsor and may be deemed to have beneficial ownership of the securities held of record by Sponsor. Such person disclaims any such beneficial ownership except to the extent of his pecuniary interest therein.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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