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	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	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* Monument Circle Sponsor LLC (Last) (First) (Middle) ONE EMMIS PLAZA 40 MONUMENT CIRCLE, SUITE 700 (Street) INDIANAPOLIS IN 46204 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol Monument Circle Acquisition Corp. [ MON ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) X Other (specify below) See Remarks
	3. Date of Earliest Transaction (Month/Day/Year) 01/25/2021
	4. 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 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)
			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 (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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Class B common stock	(1)	01/25/2021		J(2)			17,500	(1)	(1)	Class A common stock	17,500	$0.00	6,250,000	I	See footnote(3)

1. Name and Address of Reporting Person* Monument Circle Sponsor LLC (Last) (First) (Middle) ONE EMMIS PLAZA 40 MONUMENT CIRCLE, SUITE 700 (Street) INDIANAPOLIS IN 46204 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) X Other (specify below) See Remarks

1. Name and Address of Reporting Person* EMMIS OPERATING CO (Last) (First) (Middle) ONE EMMIS PLAZA 40 MONUMENT CIRCLE, SUITE 700 (Street) INDIANAPOLIS IN 46204 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer X Director 10% Owner Officer (give title below) X Other (specify below) See Remarks

1. Name and Address of Reporting Person* SMULYAN JEFFREY H (Last) (First) (Middle) ONE EMMIS PLAZA 40 MONUMENT CIRCLE, SUITE 700 (Street) INDIANAPOLIS IN 46204 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer X Director X 10% Owner X Officer (give title below) Other (specify below) Chairman & CEO

Explanation of Responses:

1. As described in the Issuer's registration statement on Form S-1 (File Nos. 333-251627 and 333-252095) under the heading "Description of Securities - Founder Shares," the shares of Class B common stock are convertible into the Issuer's Class A common stock on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights. The shares of Class B common stock have no expiration date.

2. On January 25, 2021, Monument Circle Sponsor LLC forfeited at no cost 17,500 shares of common stock, par value $0.0001 per share, in connection with the determination by the underwriters of the Issuer's public offering to forfeit the remainder of the over-allotment option granted to them.

3. Monument Circle Sponsor LLC is the sponsor entity of the Issuer (the "Sponsor"). The managing member of the Sponsor is Emmis Operating Company, which is wholly-owned by Emmis Communications of which Jeffrey H. Smulyan holds the majoirty of voting power.

Remarks:

Emmis Operating Company, which is the managing member of Monument Circle Sponsor LLC, is wholly-owned by Emmis Communications of which Jeffrey H. Smulyan holds the majority of voting power.

	Monument Circle Sponsor LLC, by: Emmis Operating Company, /s/ J. Scott Enright, Authorized Signatory	01/26/2021
	Emmis Operating Co, /s/ J. Scott Enright, Authorized Signatory	01/26/2021
	/s/ Jeffrey H. Smulyan	01/26/2021
	** Signature of Reporting Person	Date
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