DAVID L. SHRIER - 28 Dec 2023 Form 4 Insider Report for GRIID Infrastructure Inc.

Signature
/s/ David L. Shrier
Issuer symbol
N/A
Transactions as of
28 Dec 2023
Net transactions value
+$16,776
Form type
4
Filing time
29 Dec 2023, 08:30:18 UTC
Next filing
03 Jan 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADEX.U Common Stock Purchase $10,800 +2,250 $4.80 2,250 28 Dec 2023 Direct F1, F2, F3
transaction ADEX.U Common Stock Purchase $1,904 +400 $4.76 400 28 Dec 2023 See Footnote F1, F3, F4, F5
transaction ADEX.U Common Stock Purchase $4,072 +800 $5.09 800 28 Dec 2023 Direct F3, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 As described in the Issuer's registration statement on Form S-1 (File No. 333-251641) (the "Registration Statement") under the heading "Description of Securities--Founder Shares."
F2 Represents the volume-weighted average purchase price of several purchases made on the open market at prices ranging from $4.60 to $5.09 per share.
F3 The reporting person undertakes to provide (upon request by the SEC staff, the Issuer or a security holder of the Issuer) full information regarding the number of shares purchased at each separate price.
F4 Represents the volume-weighted average purchase price of several purchases made on the open market at prices ranging from $4.75 to $4.78 per share.
F5 Consists of 400 shares purchased by Visionary Future LLC. The David Shrier Revocable Trust, of which the reporting person is the sole beneficiary, is the sole member of Visionary Future LLC.
F6 Each unit consists of one share of the Issuer's common stock and one-half of one warrant to purchase one share of the Issuer's common stock, as described in the Issuer's registration statement on Form S-1 (File No. 333-251641) (the "Registration Statement") under the heading "Description of Securities--Units."
F7 Represents the volume-weighted average purchase price of several purchases made on the open market at prices ranging from $4.94 to $5.43 per unit.