Marcus Brauchli - Jun 21, 2024 Form 4 Insider Report for Blue Ocean Acquisition Corp (BOCN)

Role: Chairman, Director, 10%+ Owner
Signature: /s/ Stuart Karle, Attorney-in-Fact for Marcus Brauchli
Stock symbol: BOCN
Transactions as of: Jun 21, 2024
Transactions value $: $0
Form type: 4
Date filed: 6/25/2024, 04:23 PM
Previous filing: Jun 6, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BOCN	Class A Ordinary Shares	Conversion of derivative security		+4.35M			4.35M	Jun 21, 2024	See Footnote	F1, F2

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	BOCN	Class B Ordinary Shares	Conversion of derivative security	$0	-4.35M	-100%	$0.00	1	Jun 21, 2024	Class A Ordinary Shares	4.35M		See Footnote	F1, F2

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

Explanation of Responses:

Id	Content
F1	On August 29, 2023, shareholders of the Issuer approved a proposal to amend the Issuer's articles of association to permit holders of the Issuer's Class B ordinary shares to convert such holder's Class B ordinary shares into Class A ordinary shares on a one-for-one basis at any time and from time to time prior to the closing of an initial business combination at the election of the holder. On June 21, 2024, Blue Ocean Sponsor LLC ("Sponsor") exercised its right to convert a portion of its Class B ordinary shares into Class A ordinary shares.
F2	These securities are held directly by Sponsor. The Reporting Person is a manager of Sponsor. As such, the Reporting Person may be deemed to have beneficial ownership of the securities held directly by Sponsor. The Reporting Person disclaims beneficial ownership over any securities owned by Sponsor in which he does not have any pecuniary interest.

Content

On August 29, 2023, shareholders of the Issuer approved a proposal to amend the Issuer's articles of association to permit holders of the Issuer's Class B ordinary shares to convert such holder's Class B ordinary shares into Class A ordinary shares on a one-for-one basis at any time and from time to time prior to the closing of an initial business combination at the election of the holder. On June 21, 2024, Blue Ocean Sponsor LLC ("Sponsor") exercised its right to convert a portion of its Class B ordinary shares into Class A ordinary shares.

These securities are held directly by Sponsor. The Reporting Person is a manager of Sponsor. As such, the Reporting Person may be deemed to have beneficial ownership of the securities held directly by Sponsor. The Reporting Person disclaims beneficial ownership over any securities owned by Sponsor in which he does not have any pecuniary interest.