Avi S. Katz - Sep 23, 2021 Form 4 Insider Report for GigCapital5, Inc. (QTI)

Role: Chairman, Director, 10%+ Owner
Signature: /s/ Dr. Avi S. Katz
Stock symbol: QTI
Transactions as of: Sep 23, 2021
Transactions value $: $17,787,280
Form type: 4
Date filed: 3/6/2024, 08:51 PM
Previous filing: Sep 10, 2021
Next filing: Oct 26, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	QTI	Common Stock	Award	$7.95M	+795K	+13.86%	$10.00^*	6.53M	Sep 23, 2021	By GigAcquisitions5, LLC	F1, F2, F3
transaction	QTI	Common Stock	Options Exercise	$944K	+94.4K	+1.45%	$10.00	6.62M	Mar 4, 2024	By GigAcquisitions5, LLC	F1, F3, F6

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	QTI	Private Warrants	Award	$7.95M	+795K		$10.00^*	795K	Sep 23, 2021	Common Stock	795K	$11.50	By GigAcquisitions5, LLC	F1, F3, F4, F5
transaction	QTI	Private Warrants	Options Exercise	$944K	+94.4K		$10.00	94.4K	Mar 4, 2024	Common Stock	94.4K	$11.50	By GigAcquisitions5, LLC	F1, F3, F4, F5, F6

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

Explanation of Responses:

Id	Content
F1	$10.00 is the price per Private Unit, with each Private Unit consisting of (i) one share of Common Stock, and (ii) one Private Warrant exercisable at price of $11.50 per share of Common Stock.
F2	Includes 5,735,000 founder shares of Common Stock previously reported in the Form 3 filed by the Reporting Persons on September 23, 2021.
F3	The Common Stock and Private Warrants are held directly by GigAcquisitions5, LLC (the "Sponsor"). The Common Stock and Private Warrants held by the Sponsor are beneficially owned by Dr. Avi S. Katz, GigCapital5, Inc.'s Executive Chairman of the Board of Directors. Dr. Katz is also the Manager of the Sponsor, who has sole voting and dispositive power over the shares held by the Sponsor.
F4	The Private Warrants will become exercisable on the later of 30 days after the completion of the Company's initial business combination or 12 months from the completion of the Company's initial public offering.
F5	The Private Warrants will expire on the fifth anniversary of the Company's completion of its initial business combination.
F6	Upon the Closing of the Company's initial business combination, Sponsor elected to partially convert $943,640 in principal balance outstanding under the convertible Working Capital Note into 94,364 shares of Common Stock and 94,364 warrants.