Fan Yu - Mar 1, 2023 Form 4 Insider Report for ABG Acquisition Corp. I (ABGI)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Fan Yu
Stock symbol
ABGI
Transactions as of
Mar 1, 2023
Transactions value $
$0
Form type
4
Date filed
3/3/2023, 03:00 PM
Previous filing
May 13, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ABGI Class A ordinary shares Disposed to Issuer $0 -501K -100% $0.00* 0 Mar 1, 2023 By ABG Acquisition Holdings I LLC F1, F2

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 ABGI Class B ordinary shares Disposed to Issuer $0 -3.67M -100% $0.00 1 Mar 1, 2023 Class A ordinary shares 3.67M By ABG Acquisition Holdings I LLC F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This Form 4 reflects the surrender to the Issuer of 3,668,749 Class B ordinary shares (the "Class B Shares") and 501,300 Class A ordinary shares for no consideration by ABG Acquisition Holdings I LLC pursuant to a Share Surrender Letter, dated March 1, 2023, by and between the Issuer and ABG Acquisition Holdings I LLC.
F2 ABG Acquisition Holdings I LLC is the record holder of the shares reported herein. Fan Yu and Andrew Chee On Pang are the managers of ABG Acquisition Holdings I LLC and together have voting and investment discretion with respect to the ordinary shares held of record by ABG Acquisition Holdings I LLC. Mr. Yu has sole discretion with respect to the appointment and replacement of managers.
F3 The Class B Shares would have automatically converted into Class A ordinary shares of the Issuer at the time of the Issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, with no expiration date.