Form 4 for PARA Banzai International, Inc.
Accepted 2023-12-18 00:00:00 ET · period of report 2023-12-14 · accession 0000905148-23-001649 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DI | 2023-12-18 | 2023-12-14 | PARA | Beck Milton Joseph | 10% | M - OptEx | — | +4.43M | 4.43M | New | — |
| DMI | 2023-12-18 | 2023-12-14 | PARA | Beck Milton Joseph | 10% | D - Sale to Iss | $0.00 | -8.57M | 0 | -100% | $0 |
| DI | 2023-12-18 | 2023-12-14 | PARA | Beck Milton Joseph | 10% | M - OptEx | $0.00 | -4.43M | 0 | -100% | $0 |
| DI | 2023-12-18 | 2023-12-14 | PARA | Beck Milton Joseph | 10% | A - Grant | $0.00 | +7.35M | 7.35M | New | $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 | I See Footnote | — | — | (F6) 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. (F3) Represents securities held by 7GC & Co. Holdings LLC (the "Sponsor"). The Reporting Person is a managing member of one of the managing members of the Sponsor. As such, the Reporting Person has voting and investment discretion with respect to the securities held of record by the Sponsor and may be deemed to have shared beneficial ownership of the securities held directly by the Sponsor and disclaims any beneficial ownership of the reported securities other than to the extent of any pecuniary interest the Reporting Person may have therein, directly or indirectly. |
| 2 | Derivative | Class B Common Stock | 2023-12-14 | D | D | 396,501 | $0.00 | 5,253,499 | I See Footnote | — · — to — | 396,501 Class A Common Stock | (F4) At the Closing, these shares of Class B common stock of the Issuer ("Class B Common Stock") were forfeited by the Sponsor to the Issuer for no consideration pursuant to the terms of the non-redemption agreements entered into by the Sponsor, the Issuer, and certain unaffiliated third parties in June 2023. (F3) Represents securities held by 7GC & Co. Holdings LLC (the "Sponsor"). The Reporting Person is a managing member of one of the managing members of the Sponsor. As such, the Reporting Person has voting and investment discretion with respect to the securities held of record by the Sponsor and may be deemed to have shared beneficial ownership of the securities held directly by the Sponsor and disclaims any beneficial ownership of the reported securities other than to the extent of any pecuniary interest the Reporting Person may have therein, directly or indirectly. (F7) 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. |
| 3 | Derivative | Class B Common Stock | 2023-12-14 | D | D | 825,000 | $0.00 | 4,428,499 | I See Footnote | — · — to — | 825,000 Class A Common Stock | (F5) 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. (F3) Represents securities held by 7GC & Co. Holdings LLC (the "Sponsor"). The Reporting Person is a managing member of one of the managing members of the Sponsor. As such, the Reporting Person has voting and investment discretion with respect to the securities held of record by the Sponsor and may be deemed to have shared beneficial ownership of the securities held directly by the Sponsor and disclaims any beneficial ownership of the reported securities other than to the extent of any pecuniary interest the Reporting Person may have therein, directly or indirectly. (F7) 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 | M | D | 4,428,499 | $0.00 | 0 | I See Footnote | — · — to — | 4,428,499 Class A Common Stock | (F6) 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. (F3) Represents securities held by 7GC & Co. Holdings LLC (the "Sponsor"). The Reporting Person is a managing member of one of the managing members of the Sponsor. As such, the Reporting Person has voting and investment discretion with respect to the securities held of record by the Sponsor and may be deemed to have shared beneficial ownership of the securities held directly by the Sponsor and disclaims any beneficial ownership of the reported securities other than to the extent of any pecuniary interest the Reporting Person may have therein, directly or indirectly. (F7) 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 | Warrant (Right to Buy) | 2023-12-14 | A | A | 7,350,000 | $0.00 | 7,350,000 | I See Footnote | $11.50 · — to — | 7,350,000 Class A Common Stock | (F3) Represents securities held by 7GC & Co. Holdings LLC (the "Sponsor"). The Reporting Person is a managing member of one of the managing members of the Sponsor. As such, the Reporting Person has voting and investment discretion with respect to the securities held of record by the Sponsor and may be deemed to have shared beneficial ownership of the securities held directly by the Sponsor and disclaims any beneficial ownership of the reported securities other than to the extent of any pecuniary interest the Reporting Person may have therein, directly or indirectly. (F8) These warrants became exercisable 30 days after the Closing and were surrendered, cancelled and retired at the Closing. |
| 6 | Derivative | Warrant (Right to Buy) | 2023-12-14 | D | D | 7,350,000 | $0.00 | 0 | I See Footnote | $11.50 · — to — | 7,350,000 Class A Common Stock | (F3) Represents securities held by 7GC & Co. Holdings LLC (the "Sponsor"). The Reporting Person is a managing member of one of the managing members of the Sponsor. As such, the Reporting Person has voting and investment discretion with respect to the securities held of record by the Sponsor and may be deemed to have shared beneficial ownership of the securities held directly by the Sponsor and disclaims any beneficial ownership of the reported securities other than to the extent of any pecuniary interest the Reporting Person may have therein, directly or indirectly. (F8) These warrants became exercisable 30 days after the Closing and were surrendered, cancelled and retired at the Closing. |