Shashibhushan Borade - Jan 18, 2023 Form 3 Insider Report for Iris Acquisition Corp (IRAA)

Role
Director
Signature
/s/ Shashibhushan Borade
Stock symbol
IRAA
Transactions as of
Jan 18, 2023
Transactions value $
$0
Form type
3
Date filed
1/27/2023, 12:25 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
holding IRAA Class B common stock Jan 18, 2023 Class A common stock 0 See footnote F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 As described in the issuer's registration statement on Form S-1 (File No. 333-252413) under the heading "Description of Securities," the shares of Class B common stock of the issuer will automatically convert into shares of Class A common stock of the issuer at the time of the issuer's initial business combination or earlier at the option of the holders thereof, on a one-for-one basis, subject to certain adjustments described therein, and have no expiration date.
F2 The reporting person has an indirect pecuniary interest in shares of Class B common stock of the issuer through his membership interest in Iris Acquisition Holdings LLC, over which the reporting person does not have voting or dispositive control. No securities are beneficially owned.

Remarks:

Exhibit 24 - Power of Attorney