Clay Whitehead - 16 Feb 2024 Form 4 Insider Report for Papaya Growth Opportunity Corp. I (PPYA)

Role: Chief Executive Officer, Director, 10%+ Owner
Signature: /s/ Clay Whitehead
Issuer symbol: PPYA
Transactions as of: 16 Feb 2024
Net transactions value: $0
Form type: 4
Filing time: 21 Feb 2024, 17:00:31 UTC
Previous filing: 19 Jan 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PPYA	Class A Common Stock, par value $0.0001	Options Exercise		+7,528,875	+675%		8,644,375	16 Feb 2024	By Papaya Growth Opportunity I Sponsor, LLC	F1, F2, F3

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	PPYA	Class B Common Stock, par value $0.0001	Options Exercise	$0	-7,528,875	-100%	$0.000000^*	0	16 Feb 2024	Class A Common Stock	7,528,875		By Papaya Growth Opportunity I Sponsor, LLC	F1, F2

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

Explanation of Responses:

Id	Content
F1	Papaya Growth Opportunity I Sponsor, LLC (the "Sponsor"), as the holder of 100% of the Issuer's shares of Class B common stock, determined to convert all outstanding shares of Class B common stock into shares of Class A common stock on a one-for-one basis. The shares of Class B common stock have no expiration date.
F2	The reporting person is the managing member of the Sponsor. As such, the reporting person has voting and investment discretion with respect to the common stock held of record by the Sponsor and may be deemed to have shared beneficial ownership of the common stock held directly by the Sponsor and disclaims any beneficial ownership of the reported common stock other than to the extent of any pecuniary interest he may have therein, directly or indirectly.
F3	Includes 1,115,500 units of the Issuer. Each unit consists of one share of the Issuer's Class A common stock and one-half of one redeemable warrant.