Chris Merkel - Nov 6, 2024 Form 4 Insider Report for DevvStream Corp. (FIAC)

Role
Chief Operating Officer
Signature
Sunny Trinh, Attorney-in-Fact
Stock symbol
FIAC
Transactions as of
Nov 6, 2024
Transactions value $
$0
Form type
4
Date filed
11/7/2024, 05:19 PM

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 FIAC Restricted Stock Unit Award $0 +45.9K $0.00 45.9K Nov 6, 2024 Common Shares Direct F1, F2, F3
transaction FIAC Restricted Stock Unit Award $0 +23.2K +50.58% $0.00 69.1K Nov 6, 2024 Common Shares Direct F1, F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consists of securities acquired in connection with transactions consummated on November 6, 2024 pursuant to that certain Business Combination Agreement, dated September 12, 2023 (as it has been and may be amended, supplemented or otherwise modified from time to time, the "Business Combination Agreement"), by and among DevvStream Corp. (f/k/a Focus Impact Acquisition Corp.) (the "Issuer"), Focus Impact Amalco Sub Ltd., a wholly owned subsidiary of the Issuer ("Amalco Sub"), and DevvStream Holdings Inc. ("DevvStream"), pursuant to which DevvStream and Amalco Sub amalgamated to form one corporate entity ("Amalco"), with Amalco as the surviving company and continuing as a wholly owned subsidiary of the Issuer (the "Business Combination").
F2 In connection with the closing of the Business Combination, each outstanding restricted stock unit of DevvStream was converted into restricted stock units of the Issuer based on an exchange ratio calculated at closing. Each restricted stock unit represents the right to receive, at settlement, one common share of the Issuer.
F3 Consists of restricted stock units granted on January 17, 2022. 10% of the restricted stock units vested on January 17, 2023 and 15% of the restricted stock units vest every six months thereafter.
F4 Consists of restricted stock units granted on June 6, 2024. 10% of the restricted stock units vest on the six month anniversary of the grant date and 15% of the restricted stock units vest every six months thereafter for a period of 36 months.