Blair Garrou - Feb 21, 2023 Form 4 Insider Report for SEP Acquisition Corp. (SEPA)

Role
Director, 10%+ Owner
Signature
/s/ M. Blair Garrou
Stock symbol
SEPA
Transactions as of
Feb 21, 2023
Transactions value $
-$800,000
Form type
4
Date filed
2/23/2023, 03:31 PM
Previous filing
Aug 24, 2021
Next filing
Oct 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SEPA Class A common stock Sale -$131K -13.1K -1.5% $10.00 862K Feb 21, 2023 See Footnote F1, F2, F3
transaction SEPA Class A common stock Sale -$200K -20K -2.32% $10.00 842K Feb 21, 2023 See Footnote F1, F2, F4
transaction SEPA Class A common stock Sale -$100K -10K -1.19% $10.00 832K Feb 21, 2023 See Footnote F1, F2, F4
transaction SEPA Class A common stock Sale -$150K -15K -1.8% $10.00 817K Feb 21, 2023 See Footnote F1, F2, F4
transaction SEPA Class A common stock Sale -$150K -15K -1.84% $10.00 802K Feb 21, 2023 See Footnote F1, F2, F4
transaction SEPA Class A common stock Sale -$69.2K -6.92K -0.86% $10.00 795K Feb 21, 2023 See Footnote F1, F2, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents securities underlying units of the Issuer. Each unit consists of one share of the Issuer's Class A Common Stock and one-half of one warrant. Each whole warrant entitles the holder to purchase one share of the Issuer's Class A Common Stock at a price of $11.50 per share, subject to adjustment. The warrants will become exercisable, if at all, on the later of 30 days after the completion of the Issuer's initial business combination or 12 months from the closing of the Issuer's initial public offering. The warrants will expire five years after the completion of the Issuer's initial business combination or earlier upon redemption or liquidation.
F2 Represents shares of Class A Common Stock held by Mercury Houston Partners, LLC and Mercury Affiliates XI, LLC. M. Blair Garrou is the sole manager of Mercury Houston Partners, LLC and Mercury Affiliates XI, LLC. As such, M. Blair Garrou may be deemed to have beneficial ownership of the Class A common stock held directly by each of Mercury Houston Partners, LLC and Mercury Affiliates XI, LLC. M. Blair Garrou disclaims beneficial ownership over any securities owned by Mercury Houston Partners, LLC and Mercury Affiliates XI, LLC in which he does not have any pecuniary interest.
F3 Represents shares of Class A Common Stock sold by Mercury Houston Partners, LLC.
F4 Represents shares of Class A Common Stock sold by Mercury Affiliates XI, LLC.
F5 Following the transactions reported herein, Mercury Houston Partners, LLC is the holder of 130,023 shares of Class A Common Stock and Mercury Affiliates XI, LLC is the holder of 664,977 shares of Class A Common Stock.