Fabrizio Battaglia - Dec 21, 2023 Form 4 Insider Report for Chavant Capital Acquisition Corp. (MOBX)

Role: Chief Executive Officer, Director
Signature: /s/ Laurie L. Green, as Attorney-in-Fact for Frabrizio Battaglia
Stock symbol: MOBX
Transactions as of: Dec 21, 2023
Transactions value $: $0
Form type: 4
Date filed: 12/26/2023, 09:45 PM

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MOBX	Class A Common Stock	Award		+324K			324K	Dec 21, 2023	Direct	F1
transaction	MOBX	Class A Common Stock	Award		+318K			318K	Dec 21, 2023	By The Battaglia Trust	F1, F2

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	MOBX	Class B Common Stock	Award		+125K			125K	Dec 21, 2023	Class A Common Stock	125K		By The Battaglia Trust	F1, F2, F3

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

Explanation of Responses:

Id	Content
F1	Received in connection with the business combination (the "Business Combination") by and between Chavant Capital Acquisition Corp., CLAY Merger Sub II, Inc. and Mobix Labs, Inc. in accordance with the terms of the Business Combination Agreement dated as of November 15, 2022, which closed on December 21, 2023 ("Closing Date"). At the Closing Date, the Reporting Person acquired these shares in exchange for the same number of certain equity interests of Mobix Labs, Inc. held immediately prior to the Closing, which were automatically converted into a number of shares of Class A Common Stock.
F2	The Reporting Person is a trustee of this trust. The Reporting Person disclaims beneficial ownership of the securities held by this trust except to the extent of his respective pecuniary interest therein.
F3	At the Closing Date, the Reporting Person acquired these shares in exchange for the same number of shares of preferred stock, which includes Series A Preferred Stock and Founders Preferred Stock of Mobix Labs, Inc. held immediately prior to the Closing, which were automatically converted into a number of shares of Class B Common Stock. The shares of Class B Common Stock are convertible into shares of Class A Common Stock at the option of the Reporting Person, and will be automatically converted upon (i) a transfer by the Reporting Person (other than a permitted transfer) or (ii) the first trading day after the seventh anniversary date of the Closing Date.