Ali Ojjeh - Jun 1, 2023 Form 4 Insider Report for SHUAA Partners Acquisition Corp I (SHUA)

Role: Director
Signature: /s/ Ali Ojjeh
Stock symbol: SHUA
Transactions as of: Jun 1, 2023
Transactions value $: $0
Form type: 4
Date filed: 6/5/2023, 05:26 PM
Previous filing: Mar 1, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SHUA	Class A Ordinary Shares	Conversion of derivative security		+20K			20K	Jun 1, 2023	Direct	F1

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	SHUA	Class B Ordinary Shares	Conversion of derivative security		-20K	-100%		0	Jun 1, 2023	Class A Ordinary Shares	20K		Direct	F1

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

Explanation of Responses:

Id	Content
F1	As described in SHUAA Partners Acquisition Corp I's (the "Issuer") registration statement on Form S-1 (File No. 333-261889) under the heading "Description of Securities-Class B ordinary shares", the Class B ordinary shares, par value $0.0001 per share (the "Class B ordinary shares"), will automatically convert into Class A ordinary shares, par value $0.0001 per share (the "Class A ordinary shares", of the Issuer at the time of the Issuer's initial business combination, or at any earlier date at the option of the holders of the Class B ordinary shares, on a one-for-one basis, subject to adjustment for share splits, share capitalizations, reorganizations, recapitalizations and the like, and certain anti-dilution rights and have no expiration date. On June 1, 2023, the reporting person elected to convert all of their Class B ordinary shares into Class A ordinary shares.

Content

As described in SHUAA Partners Acquisition Corp I's (the "Issuer") registration statement on Form S-1 (File No. 333-261889) under the heading "Description of Securities-Class B ordinary shares", the Class B ordinary shares, par value $0.0001 per share (the "Class B ordinary shares"), will automatically convert into Class A ordinary shares, par value $0.0001 per share (the "Class A ordinary shares", of the Issuer at the time of the Issuer's initial business combination, or at any earlier date at the option of the holders of the Class B ordinary shares, on a one-for-one basis, subject to adjustment for share splits, share capitalizations, reorganizations, recapitalizations and the like, and certain anti-dilution rights and have no expiration date. On June 1, 2023, the reporting person elected to convert all of their Class B ordinary shares into Class A ordinary shares.