Form 4 for PARA Banzai International, Inc.
Accepted 2023-12-18 00:00:00 ET · period of report 2023-12-14 · accession 0000905148-23-001648 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-12-18 | 2023-12-14 | PARA | 7GC & Co. Holdings LLC | 10%, See Remarks | M - OptEx | — | +4.43M | 4.43M | New | — |
| D | 2023-12-18 | 2023-12-14 | PARA | 7GC & Co. Holdings LLC | 10%, See Remarks | A - Grant | $0.00 | +7.35M | 7.35M | New | $0 |
| D | 2023-12-18 | 2023-12-14 | PARA | 7GC & Co. Holdings LLC | 10%, See Remarks | M - OptEx | $0.00 | -4.43M | 0 | -100% | $0 |
| DM | 2023-12-18 | 2023-12-14 | PARA | 7GC & Co. Holdings LLC | 10%, See Remarks | D - Sale to Iss | $0.00 | -8.57M | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2023-12-14 | M | A | 4,428,499 | — | 4,428,499 | D | — | — | (F5) At the Closing, these shares of Class B Common Stock were automatically converted into the shares of Class A common stock of the Issuer ("Class A Common Stock") on a one-for-one basis. |
| 2 | Derivative | Warrant (Right to Buy) | 2023-12-14 | A | A | 7,350,000 | $0.00 | 7,350,000 | D | $11.50 · — to — | 7,350,000 Class A Common Stock | (F7) These warrants became exercisable 30 days after the Closing and were surrendered, cancelled and retired at the Closing. |
| 3 | Derivative | Class B Common Stock | 2023-12-14 | M | D | 4,428,499 | $0.00 | 0 | D | — · — to — | 4,428,499 Class A Common Stock | (F5) At the Closing, these shares of Class B Common Stock were automatically converted into the shares of Class A common stock of the Issuer ("Class A Common Stock") on a one-for-one basis. (F6) The shares of Class B Common Stock were automatically convertible into shares of Class A Common Stock at the time of the Issuer's initial business combination and had no expiration date. |
| 4 | Derivative | Class B Common Stock | 2023-12-14 | D | D | 825,000 | $0.00 | 4,428,499 | D | — · — to — | 825,000 Class A Common Stock | (F4) At the Closing, these shares of Class B Common Stock were forfeited by the Reporting Person pursuant to share purchase agreements with ALCO Investment Company. (F6) The shares of Class B Common Stock were automatically convertible into shares of Class A Common Stock at the time of the Issuer's initial business combination and had no expiration date. |
| 5 | Derivative | Class B Common Stock | 2023-12-14 | D | D | 396,501 | $0.00 | 5,253,499 | D | — · — to — | 396,501 Class A Common Stock | (F3) At the Closing, these shares of Class B common stock of the Issuer ("Class B Common Stock") were forfeited by the Reporting Person to the Issuer for no consideration pursuant to the terms of the non-redemption agreements entered into by the Reporting Person, the Issuer, and certain unaffiliated third parties in June 2023. (F6) The shares of Class B Common Stock were automatically convertible into shares of Class A Common Stock at the time of the Issuer's initial business combination and had no expiration date. |
| 6 | Derivative | Warrant (Right to Buy) | 2023-12-14 | D | D | 7,350,000 | $0.00 | 0 | D | $11.50 · — to — | 7,350,000 Class A Common Stock | (F7) These warrants became exercisable 30 days after the Closing and were surrendered, cancelled and retired at the Closing. |