Richard Leggett Jr - Jun 2, 2023 Form 4 Insider Report for Blue Ocean Acquisition Corp (BOCN)

Role
Chief Executive Officer, 10%+ Owner
Signature
/s/ Stuart Karle, Attorney-in-Fact for Richard Leggett Jr
Stock symbol
BOCN
Transactions as of
Jun 2, 2023
Transactions value $
$145
Form type
4
Date filed
6/23/2023, 10:15 AM
Previous filing
Jun 23, 2023
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 See Footnote F1, F2, F3
* 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 by Blue Ocean Sponsor LLC ("Sponsor") 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.
F3 These Class B ordinary shares are held directly by Sponsor. Effective June 1, 2023, the Reporting Person is a manager of Sponsor. As such, the Reporting Person may be deemed to have beneficial ownership of the Class B ordinary shares held directly by Sponsor. The Reporting Person disclaims beneficial ownership over any securities owned by Sponsor in which he does not have any pecuniary interest.