Jonas Grossman - Sep 21, 2022 Form 4 Insider Report for Presto Automation Inc. (PRST)

Signature
/s/ Jonas Grossman
Stock symbol
PRST
Transactions as of
Sep 21, 2022
Transactions value $
-$2,218
Form type
4
Date filed
9/23/2022, 08:45 PM
Previous filing
May 27, 2022
Next filing
Oct 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRST Common Stock Sale -$2.22K -370K -24.75% $0.01* 1.12M Sep 21, 2022 See Footnote F1
transaction PRST Common Stock Award $0 +350K $0.00 350K Sep 21, 2022 See Footnote F2, F3

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 PRST Warrants to Purchase Common Stock Other -167K -7.49% 2.06M Sep 21, 2022 Common Stock 167K $11.50 See Footnote F1, F4
transaction PRST Warrants to Purchase Common Stock Other -183K -8.91% 1.88M Sep 21, 2022 Common Stock 183K $11.50 See Footnote F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Jonas Grossman is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Represent securities held directly by Chardan International Investments, LLC, for which Jonas Grossman is the managing member.
F2 Represent shares received in connection with the closing of the Business Combination on September 21, 2022 (as defined in the Agreement and Plan of Merger, dated as of November 10, 2021, as further amended, by and among Ventoux CCM Acquisition Corp., a Delaware corporation ("VTAQ"), Ventoux Merger Sub I Inc., a Delaware corporation and a direct, wholly-owned subsidiary of VTAQ, Ventoux Merger Sub II, LLC, a Delaware limited liability company and a direct, wholly-owned subsidiary of VTAQ, and E La Carte, Inc., a Delaware corporation (d/b/a Presto, Inc.)), in satisfaction of certain underwriting fees owed to Chardan Capital Markets LLC.
F3 Represent securities held directly by Chardan Capital Markets LLC, for which Jonas Grossman is the managing member.
F4 Represent warrants transferred for no monetary consideration as inducement in connection with the closing of the Business Combination on September 21, 2022.
F5 Represent warrants cancelled for no monetary consideration as inducement in connection with the closing of the Business Combination on September 21, 2022.