William M. Mounger II - Jul 18, 2023 Form 4 Insider Report for Tristar Acquisition I Corp. (TRIS)

Role: Chief Executive Officer and Director
Signature: /s/ William M Mounger II
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: Nov 19, 2021

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	-2.92M	-76.92%	$0.00	877K	Jul 18, 2023	Class A Ordinary Shares	2.92M		See Footnote	F1, F2, F3

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

William M. Mounger II 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.
F3	These shares represent the Class B Ordinary Shares held by the Prior Sponsor over which Mr. Mounger has sole voting and dispositive power.

Remarks:

Chief Executive Officer and Director