E. Robert Willis - Jul 18, 2023 Form 4 Insider Report for Tristar Acquisition I Corp. (TRIS)

Role
Director
Signature
/s/ Robert Willis
Stock symbol
TRIS
Transactions as of
Jul 18, 2023
Transactions value $
$0
Form type
4
Date filed
8/2/2023, 06:08 AM
Previous filing
Apr 27, 2022

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 TRIS Class B Ordinary Shares Other $0 -19.3K -77% $0.00 5.75K Jul 18, 2023 Class A Ordinary Shares 19.3K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

E. Robert Willis is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 As described in the Issuer's registration statement on Form S-1 (File No. 333-255009), the Class B ordinary shares will automatically convert into Class A ordinary shares (a) automatically at the time of the registrant's initial business combination and (b) at any time and from time to time at the option of the holders thereof. Such conversion will be on a one-for-one basis, subject to adjustment as described therein, and the Class B ordinary shares have no expiration date.
F2 These shares were sold pursuant to (i) a securities purchase agreement, dated as of July 18, 2023, by and between the Issuer, Tristar Holdings I LLC ("Prior Sponsor") and Navy Sail International Limited and (ii) founder share transfer agreements, each dated as of July 18, 2023, by and between Chunyi (Charlie) Hao and each holder of Class B ordinary shares other than Prior Sponsor.