Shmuel Chafets - Jul 11, 2023 Form 4 Insider Report for Target Global Acquisition I Corp. (TGAA)

Role: Chief Executive Officer
Signature: /s/ Shmuel Chafets
Stock symbol: TGAA
Transactions as of: Jul 11, 2023
Transactions value $: $0
Form type: 4
Date filed: 8/7/2023, 07:04 PM
Previous filing: Dec 8, 2021
Next filing: Dec 1, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TGAA	Class A ordinary shares	Conversion of derivative security		+100K			100K	Jul 11, 2023	Direct	F1
transaction	TGAA	Class A ordinary shares	Conversion of derivative security		+5.07M			5.07M	Jul 11, 2023	By Target Global Sponsor Ltd.	F1, F3

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	TGAA	Class B ordinary shares	Conversion of derivative security	$0	-100K	-100%	$0.00^*	0	Jul 11, 2023	Class A ordinary shares	100K		Direct	F1
transaction	TGAA	Class B ordinary shares	Conversion of derivative security	$0	-5.07M	-100%	$0.00^*	0	Jul 11, 2023	Class A ordinary shares	5.07M		By Target Global Sponsor Ltd.	F1, F2, F3

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

Explanation of Responses:

Id	Content
F1	On July 11, 2023, each of the Reporting Person and Target Global Sponsor Ltd., a Cayman Islands exempt company ("Sponsor"), effected an automatic conversion of Class B ordinary shares on a one-for-one basis for the same number of Class A ordinary shares. The shares do not have any expiration date.
F2	The Reporting Person's prior reports included up to 750,000 Class B ordinary shares held directly by Sponsor that would be surrendered to the Issuer for no consideration by Sponsor depending on the extent to which the underwriters of the Issuer's initial public offering exercised their over-allotment option. On December 29, 2021, Sponsor forfeited and surrendered 377,585 Class B ordinary shares as a result of underwriter's partial exercise of its over-allotment option.
F3	Sponsor is the sponsor of the Issuer. Sponsor is controlled by Shmuel Chafets and Yaron Valler, who have voting and investment discretion in respect of the ordinary shares held by Sponsor and may be deemed to have shared beneficial ownership of such ordinary shares. Each of Shmuel Chafets and Yaron Valler disclaims beneficial ownership of the shares held by Sponsor except to the extent of his pecuniary interest therein, directly or indirectly.