Gary L. Sugarman - Jul 31, 2023 Form 4 Insider Report for MachTen, Inc. (MACT)

Role: Director
Signature: /s/ Christina McEntee, as Attorney-in-Fact
Stock symbol: MACT
Transactions as of: Jul 31, 2023
Transactions value $: $0
Form type: 4
Date filed: 8/2/2023, 05:59 PM
Previous filing: Aug 2, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MACT	Common Stock	Other	$0	+2.25K		$0.00	2.25K	Jul 31, 2023	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	LICT Corporation ("LICT") expects to consummate the spin-off of 81% of the outstanding shares of common stock of MachTen, Inc. (the "Issuer") on August 14, 2023 (the "Distribution Date") by way of a pro rata distribution to the holders of record of its common stock (the "Spin-Off") as of 5:00 pm New York City time on July 31, 2023 (the "Record Date"). For purposes of Section 16 of the Securities Exchange Act of 1934, as amended, LICT's distribution of the Issuer's common stock is deemed to occur on the Record Date.
F2	The Reporting Person owns shares of common stock of LICT as of the Record Date. Accordingly, as a result of the Spin-Off, the shares of common stock of the Issuer reported by the Reporting Person herein will be obtained on the Distribution Date from LICT in an exempt transaction.

Content

LICT Corporation ("LICT") expects to consummate the spin-off of 81% of the outstanding shares of common stock of MachTen, Inc. (the "Issuer") on August 14, 2023 (the "Distribution Date") by way of a pro rata distribution to the holders of record of its common stock (the "Spin-Off") as of 5:00 pm New York City time on July 31, 2023 (the "Record Date"). For purposes of Section 16 of the Securities Exchange Act of 1934, as amended, LICT's distribution of the Issuer's common stock is deemed to occur on the Record Date.

The Reporting Person owns shares of common stock of LICT as of the Record Date. Accordingly, as a result of the Spin-Off, the shares of common stock of the Issuer reported by the Reporting Person herein will be obtained on the Distribution Date from LICT in an exempt transaction.