Blue Ocean Sponsor LLC - 07 Dec 2021 Form 4 Insider Report for Blue Ocean Acquisition Corp

Role
Other*, 10%+ Owner
Signature
/s/ Stuart Karle, Member of Blue Ocean Sponsor LLC
Issuer symbol
N/A
Transactions as of
07 Dec 2021
Net transactions value
-$1,015
Form type
4
Filing time
09 Dec 2021, 15:17:20 UTC
Previous filing
02 Dec 2021
Next filing
06 Jun 2023
SEC
View on sec.gov

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 BOCN Class B Ordinary Shares Disposed to Issuer $1,015 -175,000 -3.9% $0.005800* 4,328,750 07 Dec 2021 Class A Ordinary Shares 175,000 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Class B ordinary shares will automatically convert into Class A ordinary shares concurrently with or immediately following the consummation of the Issuer's initial business combination on a one-for-one basis, subject to adjustment, and have no expiration date.
F2 These Class B ordinary shares were surrendered back to the Issuer and cancelled.

Remarks:

Each of Marcus Brauchli and Paul Bascobert are the managers of Blue Ocean Sponsor LLC, and each serve as a director on the Issuer's board of directors. As such, Blue Ocean Sponsor LLC may be deemed a director by deputization of Messrs. Brauchli and Bascobert.