Jian Zhang - Feb 13, 2023 Form 3 Insider Report for Distoken Acquisition Corp (DIST)

Role: CEO and Chairman, Director, 10%+ Owner
Signature: /s/ Jian Zhang
Stock symbol: DIST
Transactions as of: Feb 13, 2023
Transactions value $: $0
Form type: 3
Date filed: 2/13/2023, 07:54 PM
Next filing: Feb 21, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	DIST	Ordinary Shares						1.73M	Feb 13, 2023	See Footnote	F1, F2

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

Explanation of Responses:

Id	Content
F1	These shares represent ordinary shares held by Xiaosen Sponsor LLC (the "Sponsor"), acquired pursuant to a certain Securities Subscription Agreement, dated July 8, 2020, by and among the Registrant and the Sponsor. Mr. Zhang, the Chairman and Chief Executive Officer of the Registrant, is the sole manager of the Sponsor. He may be deemed the beneficial owner of the securities and has sole voting and dispositive control over such securities. These shares include an aggregate of 225,000 shares that are subject to forfeiture to the extent that the underwriter's overallotment option in the Company's initial public offering is not exercised.
F2	Mr. Zhang disclaims beneficial ownership of the ordinary shares held by the Sponsor other than to the extent of his pecuniary interest in such shares.

Content

These shares represent ordinary shares held by Xiaosen Sponsor LLC (the "Sponsor"), acquired pursuant to a certain Securities Subscription Agreement, dated July 8, 2020, by and among the Registrant and the Sponsor. Mr. Zhang, the Chairman and Chief Executive Officer of the Registrant, is the sole manager of the Sponsor. He may be deemed the beneficial owner of the securities and has sole voting and dispositive control over such securities. These shares include an aggregate of 225,000 shares that are subject to forfeiture to the extent that the underwriter's overallotment option in the Company's initial public offering is not exercised.

Mr. Zhang disclaims beneficial ownership of the ordinary shares held by the Sponsor other than to the extent of his pecuniary interest in such shares.