TENOR CAPITAL MANAGEMENT Co., L.P. - Jun 15, 2023 Form 3 Insider Report for Revelstone Capital Acquisition Corp. (RCAC)

Role: 10%+ Owner
Signature: Tenor Capital Management Company, L.P., By: /s/ Robin Shah, Managing Member of its general partner, Tenor Management GP, LLC
Stock symbol: RCAC
Transactions as of: Jun 15, 2023
Transactions value $: $0
Form type: 3
Date filed: 8/24/2023, 04:05 PM
Previous filing: May 23, 2023
Next filing: Aug 24, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	RCAC	Class A Common Stock, par value $0.0001 per share						1.35M	Jun 15, 2023	See footnote	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
holding	RCAC	Class B Common Stock, par value $0.0001 per share							Jun 15, 2023	Class A Common Stock	101K		See footnote	F1, F2

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

Explanation of Responses:

Id	Content
F1	The securities reported herein are held by Tenor Opportunity Master Fund, Ltd. (the "Master Fund"). Tenor Capital Management Company, L.P. ("Tenor Capital") serves as the investment manager to the Master Fund. Robin Shah serves as the managing member of Tenor Management GP, LLC, the general partner of Tenor Capital. Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein except to the extent of its or his pecuniary interest therein, if any, and the filing of this Form 4 shall not be construed as an admission that any Reporting Persons is the beneficial owner of any such shares for purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended, or for any other purpose.
F2	As described in the issuer's registration statement on Form S-1 (File No. 333-261352) under the heading "Description of Securities," the shares of Class B common stock of the issuer will automatically convert into shares of Class A common stock of the issuer at the time of the issuer's initial business combination or earlier at the option of the holder thereof, on a one-for-one basis, subject to certain adjustments described therein, and have no expiration date.

Content

The securities reported herein are held by Tenor Opportunity Master Fund, Ltd. (the "Master Fund"). Tenor Capital Management Company, L.P. ("Tenor Capital") serves as the investment manager to the Master Fund. Robin Shah serves as the managing member of Tenor Management GP, LLC, the general partner of Tenor Capital. Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein except to the extent of its or his pecuniary interest therein, if any, and the filing of this Form 4 shall not be construed as an admission that any Reporting Persons is the beneficial owner of any such shares for purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended, or for any other purpose.

As described in the issuer's registration statement on Form S-1 (File No. 333-261352) under the heading "Description of Securities," the shares of Class B common stock of the issuer will automatically convert into shares of Class A common stock of the issuer at the time of the issuer's initial business combination or earlier at the option of the holder thereof, on a one-for-one basis, subject to certain adjustments described therein, and have no expiration date.