George Courtot - Apr 21, 2023 Form 4 Insider Report for Banyan Acquisition Corp (BYN)

Role: Chief Financial Officer
Signature: /s/ George Courtot
Stock symbol: BYN
Transactions as of: Apr 21, 2023
Transactions value $: $0
Form type: 4
Date filed: 4/25/2023, 08:25 PM
Previous filing: Jan 19, 2022
Next filing: Dec 29, 2023

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	BYN	Class B common stock	Award		+5.25K			5.25K	Apr 21, 2023	Class A common stock	5.25K	$0.00	Direct	F1

Showing 1 to 1 of 1 entries

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

Explanation of Responses:

Id	Content
F1	Pursuant to the amendment to the amended and restated certificate of incorporation of Banyan Acquisition Corporation ("Banyan") that became effective on April 21, 2023, the shares of Class B Common Stock held by the Reporting Person became convertible into shares of Class A Common Stock at any time at the Reporting Person's election on a one-for-one basis. The shares of Class B Common Stock also automatically convert into shares of Class A Common Stock at the time of the closing of Banyan's initial business combination on a one-for-one basis and have no expiration date.

Content

Pursuant to the amendment to the amended and restated certificate of incorporation of Banyan Acquisition Corporation ("Banyan") that became effective on April 21, 2023, the shares of Class B Common Stock held by the Reporting Person became convertible into shares of Class A Common Stock at any time at the Reporting Person's election on a one-for-one basis. The shares of Class B Common Stock also automatically convert into shares of Class A Common Stock at the time of the closing of Banyan's initial business combination on a one-for-one basis and have no expiration date.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney