Corazon V838 Monoceros Sponsor LLC - Mar 31, 2023 Form 4 Insider Report for Corazon Capital V838 Monoceros Corp (CRZN)

Role
10%+ Owner
Signature
Corazon V838 Monoceros Sponsor LLC, By: /s/ Steven M. Farsht, Title: Chief Financial Officer
Stock symbol
CRZN
Transactions as of
Mar 31, 2023
Transactions value $
$0
Form type
4
Date filed
4/4/2023, 04:32 PM
Previous filing
May 11, 2021

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 CRZN Class B ordinary shares Disposed to Issuer $0 -5.09M -100% $0.00 1 Mar 31, 2023 Class A ordinary shares 5.09M Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 This Form 4 reflects the surrender to the Issuer of 5,094,974 Class B ordinary shares (the "Class B Shares") for no consideration by the Reporting Person pursuant to a Share Surrender Letter, dated March 31, 2023, by and between the Reporting Person and the Issuer.
F2 The Class B Shares would have automatically converted into Class A ordinary shares, par value $0.0001 per share, of the Issuer at the time of the Issuer's initial business combination on a one-for-one basis, subject to adjustment for share subdivisions, share capitalizations, reorganizations, recapitalizations and the like, and certain anti-dilution rights and have no expiration date.
F3 Sam Yagan, Steven Farsht and Philip Schwarz control the Reporting Person, and as such, have voting and investment discretion with respect to the securities held by the Reporting Person and may be deemed to have beneficial ownership of the securities held directly by the Reporting Person.

Remarks:

Corazon V838 Monoceros Sponsor LLC, By: /s/ Steven M. Farsht, Title: Chief Financial Officer