SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 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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1. Name and Address of Reporting Person* KINS Capital LLC (Last) (First) (Middle) FOUR PALO ALTO SQUARE, SUITE 200 3000 EL CAMINO REAL (Street) PALO ALTO CA 94306 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 12/14/2020	3. Issuer Name and Ticker or Trading Symbol KINS Technology Group, Inc. [ KINZ ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) X Other (specify below) See Remarks	5. If Amendment, Date of Original Filed (Month/Day/Year)
			6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Class B common stock	(1)	(1)	Class A common stock	5,125,000	(1)	D(2)

1. Name and Address of Reporting Person* KINS Capital LLC (Last) (First) (Middle) FOUR PALO ALTO SQUARE, SUITE 200 3000 EL CAMINO REAL (Street) PALO ALTO CA 94306 (City) (State) (Zip)

1. Name and Address of Reporting Person* Cardinal Venture Holdings LLC (Last) (First) (Middle) 75 BROADWAY (Street) SAN FRANCISCO CA 94111 (City) (State) (Zip)

1. Name and Address of Reporting Person* Sheikh Khurram P (Last) (First) (Middle) FOUR PALO ALTO SQUARE, SUITE 200 3000 EL CAMINO REAL (Street) PALO ALTO CA 94306 (City) (State) (Zip)

Explanation of Responses:

1. As described in the issuer's registration statement on Form S-1 (File No. 333-249177) under the heading "Description of Securities--Founder Shares," the shares of Class B common stock, par value $0.0001 per share, of the issuer will automatically convert into shares of Class A common stock, par value $0.0001 per share, of the issuer 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 certain adjustment, and have no expiration date. Includes 750,000 shares of Class B common stock that are subject to forfeiture if the underwriters of the issuer's initial public offering do not exercise in full its option to purchase additional units.

2. The reporting owner, KINS Capital LLC (the "Sponsor"), in whose name the securities reported herein are held, is managed by its managing member, Cardinal Venture Holdings LLC. The managing member of Cardinal Venture Holdings LLC is Khurram P. Sheikh. Each of the Reporting Persons may be deemed a beneficial owner of shares held by the Sponsor but each (other than the Sponsor) disclaims beneficial ownership of any such shares except to the extent of its respective pecuniary interest therein.

Remarks:

Exhibit 24.1 - Power of Attorney. Khurram P. Sheikh, the managing member of Cardinal Venture Holdings LLC, serves on the board of directors of KINS Technology Group Inc. For the purposes of Section 16 of the Securities Exchange Act of 1934, as amended, each of the Reporting Persons (other than Mr. Sheikh) may be deemed a director by deputization with respect to the issuer on the basis of Mr. Sheikh's service on the issuer's board of directors.

	KINS Capital LLC, By: /s/ Khurram P. Sheikh, President	12/14/2020
	Cardinal Venture Holdings LLC, By: /s/ Khurram P. Sheikh, Managing Member	12/14/2020
	Khurram P. Sheikh, By: /s/ Khurram P. Sheikh	12/14/2020
	** Signature of Reporting Person	Date
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 5 (b)(v).
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Exhibit 24.1

 

POWER OF ATTORNEY

For Executing Forms 3, 4 and 5

 

KNOW ALL BY THESE PRESENTS, that the undersigned hereby constitutes and appoints each of KINS Capital LLC or Eric Zimits, or any of them, each acting alone, his or her true and lawful attorney-in-fact to:

 

(1)

execute for and on behalf of the undersigned a Form 3, Form 4 or Form 5, or any amendment thereto, relating to the securities of KINS Technology Group Inc., in accordance with Section 16(a) of the Securities Exchange Act of 1934 and the rules thereunder;

 

(2)

do and perform any and all acts for and on behalf of the undersigned which may be necessary or desirable to complete and execute such Form 3, Form 4 or Form 5, or any amendment thereto, and the timely filing of such form with the United States Securities and Exchange Commission and any other authority; and

 

(3)

take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in such attorney-in-fact’s discretion.

 

The undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary and proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as such undersigned might or could do if personally present, hereby ratifying and confirming all that such attorney-in-fact shall lawfully do or cause to be done by virtue of this Power of Attorney and the rights and powers herein granted.  The undersigned acknowledges that each of the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, is not assuming any of the undersigned’s responsibilities to comply with Section 16 of the Securities Exchange Act of 1934.  This Power of Attorney shall remain in full force and effect until the undersigned is no longer required to file Forms 3, 4 and 5 with respect to the undersigned’s holdings of and transactions in securities issued by KINS Technology Group Inc. unless earlier revoked by the undersigned in a signed writing delivered to the foregoing attorneys-in-fact.

 

IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of this 14^th day of December, 2020.

 

By:		/s/ Khurram P. Sheikh
		Khurram P. Sheikh