Form 4 for PARA Banzai International, Inc.
Accepted 2023-12-18 00:00:00 ET · period of report 2023-12-14 · accession 0000905148-23-001657 · 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 | Levesque Ashley | VP of Marketing | A - Grant | — | +10.7K | 10.7K | New | — |
| DM | 2023-12-18 | 2023-12-14 | PARA | Levesque Ashley | VP of Marketing | A - Grant | $0.00 | +81.5K | 70.7K | 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 | A | A | 10,705 | — | 10,705 | D | — | — | (F3) At the Closing, the Reporting Person acquired these shares of Class A common stock of the Issuer ("Class A Common Stock") in exchange for shares of Class A common stock of Banzai held immediately prior the Closing, which were automatically converted into a number of shares of Class A Common Stock equal to (i) the Per Share Value (as defined in the Issuer's prospectus on Form 424B3 filed with the Securities and Exchange Commission on November 13, 2023) divided by (y) $10.00 per share (the "Exchange Ratio") pursuant to the terms and subject to the conditions set forth in the Merger Agreement. |
| 2 | Derivative | Stock Option (Right to Buy) | 2023-12-14 | A | A | 2,304 | $0.00 | 2,304 | D | $2.82 · — to 2031-07-14 | 2,304 Class A Common Stock | (F4) At the Closing, the Reporting Person acquired these options in exchange for options to purchase shares of Class A common stock of Banzai held immediately prior to the Closing, which were automatically converted into a number of options to purchase shares of Class A Common Stock equal to the number of shares of Class A common stock of Banzai subject to such option immediately prior to the Closing multiplied by the Exchange Ratio, and rounded down to the nearest whole share pursuant to the terms and subject to the conditions set forth in the Merger Agreement. (F5) This option vests in a series of 48 successive, substantially equal monthly installments after one-year anniversary of the vesting commencement date, February 21, 2021. |
| 3 | Derivative | Stock Option (Right to Buy) | 2023-12-14 | A | A | 5,045 | $0.00 | 5,045 | D | $2.82 · — to 2031-07-14 | 5,045 Class A Common Stock | (F4) At the Closing, the Reporting Person acquired these options in exchange for options to purchase shares of Class A common stock of Banzai held immediately prior to the Closing, which were automatically converted into a number of options to purchase shares of Class A Common Stock equal to the number of shares of Class A common stock of Banzai subject to such option immediately prior to the Closing multiplied by the Exchange Ratio, and rounded down to the nearest whole share pursuant to the terms and subject to the conditions set forth in the Merger Agreement. (F6) This option vests in a series of 48 successive, substantially equal monthly installments after one-year anniversary of the vesting commencement date, July 1, 2021. |
| 4 | Derivative | Stock Option (Right to Buy) | 2023-12-14 | A | A | 3,457 | $0.00 | 3,457 | D | $2.77 · — to 2032-02-15 | 3,457 Class A Common Stock | (F4) At the Closing, the Reporting Person acquired these options in exchange for options to purchase shares of Class A common stock of Banzai held immediately prior to the Closing, which were automatically converted into a number of options to purchase shares of Class A Common Stock equal to the number of shares of Class A common stock of Banzai subject to such option immediately prior to the Closing multiplied by the Exchange Ratio, and rounded down to the nearest whole share pursuant to the terms and subject to the conditions set forth in the Merger Agreement. (F7) This option vests in a series of 48 successive, substantially equal monthly installments after one-year anniversary of the vesting commencement date, January 31, 2022. |
| 5 | Derivative | Stock Option (Right to Buy) | 2023-12-14 | A | A | 70,686 | $0.00 | 70,686 | D | $8.38 · — to 2033-03-01 | 70,686 Class A Common Stock | (F4) At the Closing, the Reporting Person acquired these options in exchange for options to purchase shares of Class A common stock of Banzai held immediately prior to the Closing, which were automatically converted into a number of options to purchase shares of Class A Common Stock equal to the number of shares of Class A common stock of Banzai subject to such option immediately prior to the Closing multiplied by the Exchange Ratio, and rounded down to the nearest whole share pursuant to the terms and subject to the conditions set forth in the Merger Agreement. (F8) This option vests in a series of 48 successive, substantially equal monthly installments after one-year anniversary of the vesting commencement date, June 1, 2022. |