Waldencast Long-Term Capital LLC - Jul 25, 2022 Form 4 Insider Report for Waldencast Acquisition Corp. (WALD)

Role: 10%+ Owner
Signature: /s/ Michel Brousset, Authorized Signatory
Stock symbol: WALD
Transactions as of: Jul 25, 2022
Transactions value $: $0
Form type: 4
Date filed: 7/25/2022, 12:43 PM

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	WALD	Class B ordinary shares	Other	$0	-8.55M	-100%	$0.00^*	0	Jul 25, 2022	Class A ordinary shares	8.55M		Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	As described in the issuer's registration statement on Form S-1 (File No. 333-253370) under the heading "Description of Securities-Founder Shares," the Class B ordinary shares, par value $0.0001 per share, of the issuer will automatically convert into Class A ordinary shares, par value $0.0001 per share, of the issuer at the time of the issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to certain adjustment, and have no expiration date.
F2	On July 25, 2022, Waldencast Long-Term Capital LLC distributed to its members in-kind, without consideration, all 8,545,000 Class B ordinary shares of the Issuer it held on a pro-rata basis. The above distribution did not involve any sale of shares by the reporting person.

Content

As described in the issuer's registration statement on Form S-1 (File No. 333-253370) under the heading "Description of Securities-Founder Shares," the Class B ordinary shares, par value $0.0001 per share, of the issuer will automatically convert into Class A ordinary shares, par value $0.0001 per share, of the issuer at the time of the issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to certain adjustment, and have no expiration date.

On July 25, 2022, Waldencast Long-Term Capital LLC distributed to its members in-kind, without consideration, all 8,545,000 Class B ordinary shares of the Issuer it held on a pro-rata basis. The above distribution did not involve any sale of shares by the reporting person.