First Light Acquisition Group, LLC - 12 Sep 2022 Form 4 Insider Report for First Light Acquisition Group, Inc. (CLDI)

Role: Chief Executive Officer, Director, 10%+ Owner
Signature: /s/ William J. Weber
Issuer symbol: CLDI
Transactions as of: 12 Sep 2022
Net transactions value: -$490,000
Form type: 4
Filing time: 14 Sep 2022, 20:12:54 UTC
Next filing: 14 Sep 2023
SEC: View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	FLAG	Class B Common Stock, par value $0.0001 per share	Sale	$450,000	-450,000	-14%	$1.00^*	2,874,677	12 Sep 2022	Class A Common Stock, par value $0.0001 per share	450,000		See notes	F1, F2, F3, F4, F5, F6
transaction	FLAG	Class B Common Stock, par value $0.0001 per share	Sale	$40,000	-400,000	-13%	$0.1000^*	2,575,803	13 Sep 2022	Class A Common Stock, par value $0.0001 per share	400,000		See notes	F1, F2, F3, F4, F5, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

First Light Acquisition Group, LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	This Form 4 is being filed by First Light Acquisition Group, LLC ("Sponsor"), FLAG Sponsor Manager, LLC, a Delaware limited liability Company ("Manager LLC"), and William J. Weber (collectively, the "Reporting Persons").
F2	Pursuant to the Amended and Restated Certificate of Incorporation of the Issuer, the shares of Class B Common Stock have no expiration date and will automatically convert into shares of Class A Common Stock, par value $0.0001 per share, at the time of the Issuer's initial business combination on a one-for-one basis, subject to adjustment.
F3	Represents the sale of shares of Class B Common Stock by Sponsor, in privately negotiated transactions.
F4	The manager of Sponsor is FLAG Sponsor Manager, LLC ("Manager LLC"). William J. Weber is the sole member of Manager LLC.
F5	Because of the relationship among the Reporting Persons, the Reporting Persons may be deemed to beneficially own the securities reported herein to the extent of their respective pecuniary interests. Each Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein, if any.
F6	Pursuant to Rule 16a-1(a)(4) under the Exchange Act, this filing shall not be deemed an admission that the Reporting Persons are, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owners of any equity securities in excess of their respective pecuniary interests.