David Seldin - 07 Aug 2023 Form 4 Insider Report for Nuburu, Inc. (BURU)

Role
10%+ Owner
Signature
/s/ Debrah Herman, attorney-in-fact for each of the Reporting Persons
Issuer symbol
BURU
Transactions as of
07 Aug 2023
Net transactions value
-$8,764,502
Form type
4
Filing time
09 Aug 2023, 21:46:29 UTC
Previous filing
27 Jun 2023
Next filing
11 Aug 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BURU Common Stock Sale $5,883 -8,281 -0.08% $0.7104 10,109,958 07 Aug 2023 Direct F1, F2
transaction BURU Common Stock Sale $2,338 -3,291 -0.08% $0.7104 4,017,469 07 Aug 2023 Direct F2, F3
transaction BURU Common Stock Sale $1,076 -1,514 -0.08% $0.7104 1,847,823 07 Aug 2023 Direct F2, F4
transaction BURU Common Stock Sale $884 -1,244 -0.08% $0.7104 1,518,374 07 Aug 2023 Direct F2, F5
transaction BURU Common Stock Sale $292 -411 -0.08% $0.7104 502,260 07 Aug 2023 Direct F2, F6
transaction BURU Common Stock Sale $104 -146 -0.08% $0.7104 177,690 07 Aug 2023 Direct F2, F7
transaction BURU Common Stock Sale $59.67 -84 -0.08% $0.7104 102,920 07 Aug 2023 Direct F2, F8
transaction BURU Common Stock Sale $14.21 -20 -0.08% $0.7104 24,240 07 Aug 2023 Direct F2, F9
transaction BURU Common Stock Sale $7.1 -10 -0.08% $0.7104 12,120 07 Aug 2023 Direct F2, F10
transaction BURU Common Stock Sale $4,832,758 -4,444,324 -44% $1.09 5,665,634 08 Aug 2023 Direct F1, F11
transaction BURU Common Stock Sale $1,920,401 -1,766,048 -44% $1.09 2,251,421 08 Aug 2023 Direct F3, F11
transaction BURU Common Stock Sale $883,283 -812,289 -44% $1.09 1,035,534 08 Aug 2023 Direct F4, F11
transaction BURU Common Stock Sale $725,801 -667,465 -44% $1.09 850,909 08 Aug 2023 Direct F5, F11
transaction BURU Common Stock Sale $240,087 -220,790 -44% $1.09 281,470 08 Aug 2023 Direct F6, F11
transaction BURU Common Stock Sale $84,938 -78,111 -44% $1.09 99,579 08 Aug 2023 Direct F7, F11
transaction BURU Common Stock Sale $49,197 -45,243 -44% $1.09 57,677 08 Aug 2023 Direct F8, F11
transaction BURU Common Stock Sale $11,586 -10,655 -44% $1.09 13,585 08 Aug 2023 Direct F9, F11
transaction BURU Common Stock Sale $5,794 -5,328 -44% $1.09 6,792 08 Aug 2023 Direct F10, F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These securities are owned directly by Anzu Nuburu V LLC, which may be deemed a member of a "group" for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act") with each of the other Reporting Persons and Daniel Hirsch.
F2 The shares were sold in multiple transactions at prices ranging from $0.7095 to $0.7127, inclusive. This amount represents the weighted average sale price of such transactions. The Reporting Persons undertake to provide full information regarding the number of shares sold at each separate price upon request of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.
F3 These securities are owned directly by Anzu Nuburu LLC, which may be deemed a member of a "group" for purposes of Section 13(d) of the Exchange Act with each of the other Reporting Persons and Mr. Hirsch.
F4 These securities are owned directly by Anzu Nuburu II LLC, which may be deemed a member of a "group" for purposes of Section 13(d) of the Exchange Act with each of the other Reporting Persons and Mr. Hirsch.
F5 These securities are owned directly by Anzu Nuburu III LLC, which may be deemed a member of a "group" for purposes of Section 13(d) of the Exchange Act with each of the other Reporting Persons and Mr. Hirsch.
F6 These securities are owned directly by David Seldin, who may be deemed a member of a "group" for purposes of Section 13(d) of the Exchange Act with each of the other Reporting Persons and Mr. Hirsch.
F7 These securities are owned directly by Anzu Partners LLC, which may be deemed a member of a "group" for purposes of Section 13(d) of the Exchange Act with each of the other Reporting Persons and Mr. Hirsch.
F8 These securities are owned directly by David & Jennifer Michael Family Ltd Partnership, which may be deemed a member of a "group" for purposes of Section 13(d) of the Exchange Act with each of the other Reporting Persons and Mr. Hirsch.
F9 These securities are owned directly by CST Global LLC, which may be deemed a member of a "group" for purposes of Section 13(d) of the Exchange Act with each of the other Reporting Persons and Mr. Hirsch.
F10 These securities are owned directly by Whitney Haring-Smith, who may be deemed a member of a "group" for purposes of Section 13(d) of the Exchange Act with each of the other Reporting Persons and Mr. Hirsch.
F11 The shares were sold in multiple transactions at prices ranging from $0.68 to $2.14, inclusive. This amount represents the weighted average sale price of such transactions. The Reporting Persons undertake to provide full information regarding the number of shares sold at each separate price upon request of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.

Remarks:

The Reporting Persons may be deemed members of a "group" for purposes of Section 13(d) of the Exchange Act with each of the other Reporting Persons and Mr. Hirsch. Mr. Seldin and Mr. Haring-Smith are managing partners of Anzu Partners LLC and share voting and dispositive power with respect to the securities held directly by Anzu Partners LLC. Mr. Seldin and Ms. Herman are managers of each of Anzu Nuburu LLC, Anzu Nuburu II LLC, Anzu Nuburu III LLC and Anzu Nuburu V LLC (collectively, the "Anzu SPVs") and share voting and dispositive power with respect to the securities held directly by the Anzu SPVs. Mr. Hirsch is a director of the Issuer. Each of the Reporting Persons may be deemed a director by deputization of the Issuer. The Reporting Persons are jointly filing this Form 4 pursuant to Rule 16a-3(j) under the Exchange Act. This filing shall not be deemed an admission that the Reporting Persons are beneficial owners of all securities covered by this filing for purposes of Section 16 of the Exchange Act or otherwise, or are subject to Section 16 of the Exchange Act, and each Reporting Person disclaims beneficial ownership of these securities, except to the extent of such Reporting Person's pecuniary interest therein, if any.