Stephen Karl Guidry - Dec 19, 2023 Form 4 Insider Report for Infrared Cameras Holdings, Inc. (MSAI)

Role
General Counsel
Signature
/s/ Stephen Karl Guidry
Stock symbol
MSAI
Transactions as of
Dec 19, 2023
Transactions value $
$0
Form type
4
Date filed
12/21/2023, 05:37 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
transaction MSAI Stock Option Award +6.23K 6.23K Dec 19, 2023 Common Stock 6.23K $5.83 Direct F1, F2
transaction MSAI Stock Option Award +10.8K 10.8K Dec 19, 2023 Common Stock 10.8K $7.27 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to the business combination of Infrared Cameras Holdings, Inc. (formerly known as SportsMap Tech Acquisition Corp.) (the "Issuer") and MSAI Operating, Inc. (formerly known as Infrared Cameras Holdings, Inc., "Legacy ICH"), as contemplated by the business combination agreement, dated as of December 5, 2022 (as amended, the "Business Combination Agreement"), by and among the Issuer, ICH Merger Sub Inc., and Legacy ICH, each option to purchase shares of Legacy ICH's common stock (other than any out of the money options) was cancelled and automatically converted into the right to receive securities of the Issuer upon substantially the same terms and conditions in accordance with the exchange ratio described in the Business Combination Agreement.
F2 The stock option is fully vested and exercisable.