SEC FORM 4

SEC Form 4

FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Pillai Sajan

(Last)

(First)

(Middle)

C/O MCLAREN TECHNOLOGY ACQUISITION CORP.

2600 MICHELSON DRIVE SUITE 1700

(Street)

IRVINE,

92612

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
McLaren Technology Acquisition Corp. [ MLAIU ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chairman and CEO

3. Date of Earliest Transaction (Month/Day/Year)
11/05/2021

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class B Common Stock⁽¹⁾	11/05/2021		J		2,906,018	A	$5,687,250⁽²⁾	2,906,018	I	See Footnote⁽²⁾

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 (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	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 (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Warrants	$11.5	11/05/2021		J		5,012,250		⁽³⁾	⁽⁴⁾	Common Stock	5,012,250	$5,687,250⁽²⁾	5,012,250	I	See Footnote⁽²⁾

Explanation of Responses:

1. As described in the Issuer's registration statement on Form S-1 (File No. 333-259339) (the "Registration Statement") under the heading "Description of Securities," the shares of Class B common stock, par value $0.0001 per share ("Class B Common Stock") of the Issuer, will automatically convert into shares of Class A common stock, par value $0.0001 per share, ("Class A Common Stock") at the time of the issuer's initial business combination, on a one-for-one basis, subject to certain adjustments described therein.

2. Mr. Pillai has an indirect pecuniary interest in shares of Class B Common Stock and warrants to purchase Class A Common Stock through his ownership of membership interests of McLaren Technology Acquisition Sponsor LLC (the "Sponsor"). Pursuant to a Subscription Agreement entered into on November 5, 2021, by and between the Sponsor and Mr. Pillai, Mr. Pillai made a capital contribution to the Sponsor in the amount of $5,687,250 and the Sponsor allocated 2,906,018 shares of Class B Common Stock and 5,012,250 warrants of the Issuer to Mr. Pillai, which the Sponsor owns. Mr. Pillai, the Chairman and Chief Executive Officer of the Issuer, is the controlling shareholder of McLaren Strategic Ventures Holdings, Inc., the managing member of the Sponsor, and may be deemed to beneficially own all of the Issuer's securities owned by the Sponsor. Mr. Pillai disclaims any such beneficial ownership except to the extent of his pecuniary interest.

3. Each warrant will become exercisable on the later of 30 days after the completion of the Issuer's initial business combination or November 5, 2022.

4. Each warrant will expire five years after the completion of the Issuer's initial business combination.

	/s/ Sajan Pillai	11/09/2021
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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