Blue Ocean Sponsor LLC - Jun 2, 2023 Form 4 Insider Report for Blue Ocean Acquisition Corp (BOCN)

Role
Other*, 10%+ Owner
Signature
/s/ Stuart Karle, Member of Blue Ocean Sponsor LLC
Stock symbol
BOCN
Transactions as of
Jun 2, 2023
Transactions value $
$145
Form type
4
Date filed
6/6/2023, 06:30 PM
Previous filing
Dec 9, 2021
Next filing
Jun 25, 2024

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 Other $145 +25K +0.58% $0.01* 4.35M Jun 2, 2023 Class A Ordinary Shares 25K 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 repurchased from Dale Mathias, a former member of the Issuer's board of directors who resigned effective April 15, 2023, for an aggregate purchase price of $145.00.

Remarks:

Marcus Brauchli is a manager of Blue Ocean Sponsor LLC and serves as a director on the Issuer's board of directors. As such, Blue Ocean Sponsor LLC may be deemed a director by deputization of Mr. Brauchli.