Mohammed Al - Dec 6, 2024 Form 4 Insider Report for zSpace, Inc. (ZSPC)

Role
10%+ Owner
Signature
/s/ Mohammed Al Hassan
Stock symbol
ZSPC
Transactions as of
Dec 6, 2024
Transactions value $
$0
Form type
4
Date filed
12/6/2024, 04:13 PM
Previous filing
Dec 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ZSPC Common Stock Conversion of derivative security +5.51M 5.51M Dec 6, 2024 By bSpace Investments Limited 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 ZSPC NCNV 3 Preferred Stock Conversion of derivative security $0 -5.51M -100% $0.00 0 Dec 6, 2024 Common Stock 5.51M By bSpace Investments Limited F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 bSpace Investments Limited, an entity organized under the law of the Cayman Islands ("bSpace") owns 45,890 shares of our NCNV 3 preferred stock. The shares of NCNV 3 Preferred Stock do not entitle bSpace to vote on matters submitted to securityholders but entitle bSpace to dividends if declared by the Issuer's board of directors and to preferential payments upon liquidation and certain other corporate actions. (cont'd in FN2)
F2 Each share of NCNV 3 Preferred Stock converted into a number of shares of the Issuer's common stock, as is determined by dividing (i) $600, the original issuance price of the NCNV 3 Preferred Stock, less any amount previously paid in respect thereof in the form of dividends, plus any dividends accrued but unpaid thereon and declared by the board of directors by (ii) the initial public per share offering price of the Issuer's common stock. Such shares of NCNV 3 Preferred Stock were automatically convertible into shares of the Issuer's common stock immediately preceding the consummation of the Issuer's initial public offering.
F3 Mohammed Al Hassan, the Co-CEO of Gulf Islamic Investments, LLC, holds 100% of the equity in bSpace, and therefore may be deemed to be the beneficial owner of the securities held by bSpace, as determined under rules issued by the SEC. Mr. Al Hassan disclaims beneficial ownership of all such securities.