Trajectory Alpha Sponsor LLC - Jun 2, 2023 Form 4 Insider Report for Trajectory Alpha Acquisition Corp. (TCOA)

Signature
/s/ See Signatures Included in Exhibit 99.1
Stock symbol
TCOA
Transactions as of
Jun 2, 2023
Transactions value $
$0
Form type
4
Date filed
6/6/2023, 05:28 PM
Previous filing
Dec 16, 2021

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 TCOA Class B common stock Other $0 -2.12M -85.64% $0.00 355K Jun 2, 2023 Class A Common Stock 2.12M Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Trajectory Alpha Sponsor LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 The reported shares of Trajectory Alpha Acquisition Corp. (the "Issuer") are directly held by Trajectory Alpha Sponsor LLC (the "Sponsor"). The Issuer's shares of Class B common stock, par value $0.0001 per share (the "Class B Common Stock"), are convertible for the Issuer's shares of Class A common stock, par value $0.0001 per share, as described in the heading "Description of Securities" in the Issuer's Registration Statement on Form S-1 (File No. 333-253967) and have no expiration date.
F2 On June 2, 2023, the Sponsor disposed of 2,120,049 shares of Class B Common Stock in connection with a purchase and contribution agreement, dated June 2, 2023, among the Sponsor, the Issuer and J. Streicher Holdings, LLC, and related transactions.
F3 The Sponsor is the record holder of such shares of Class B common stock. Mr. Bordes, Mr. Frankel and Mr. Sethi are the members of the Sponsor and share voting and investment discretion with respect to the shares of Class B common stock held of record by the Sponsor. In addition, each of Mr. Bordes, Mr. Frankel and Mr. Sethi may be entitled to distributions of private placement warrants from the Sponsor following the consummation of the initial business combination. Each of Mr. Bordes, Mr. Frankel and Mr. Sethi disclaims any beneficial ownership of the securities held by the Sponsor, other than to the extent of any pecuniary interest he may have therein, directly or indirectly.

Remarks:

On June 2, 2023, Peter Bordes resigned from his role as Executive Chairman and Chief Executive Officer of the Issuer, Michael E.S. Frankel resigned from his role as President and Chief Financial Officer of the Issuer, and Paul Sethi resigned from his role as Lead Director of the Issuer.