Shmuel Chafets - May 31, 2024 Form 4 Insider Report for Target Global Acquisition I Corp. (TGAA)

Role: Former Chief Executive Officer
Signature: /s/ Shmuel Chafets
Stock symbol: TGAA
Transactions as of: May 31, 2024
Transactions value $: $0
Form type: 4
Date filed: 6/5/2024, 09:43 PM
Previous 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	Other		-3.53M	-68.64%		1.61M	May 31, 2024	By Target Global Sponsor Ltd.	F1, F2, 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	Other		+17.5K			7.5K	May 31, 2024	Class A ordinary shares	17.5K		By Target Global Sponsor Ltd.	F1, F2, F3

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

Shmuel Chafets is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	On May 31, 2024, Target Global Sponsor Ltd., a Cayman Islands exempt company ("Sponsor"), entered into a Securities Assignment Agreement pursuant to which Sponsor transferred and assigned to CIIG Management III LLC 3,533,191 Class A ordinary shares for an aggregate purchase price of $16,441 and 17,500 Class B ordinary shares for an aggregate purchase price of $81. Upon completion of the sale to CIIG Management, the Sponsor continues to own (i) 1,514,224, Class A Ordinary Shares and (ii) 7,500 Class B Ordinary Shares and Shmuel Chafets individually owns 100,000 Class A Ordinary Shares.
F2	The Class B ordinary shares are convertible into Class A ordinary shares on a one-for-one basis: (a) at any time and from time to time at the option of the holder, including (for the avoidance of doubt) at any time prior to the consummation of a business combination; or (b) automatically on the day of the consummation of a business combination. The shares do not have any expiration date.
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.