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
* 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.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney