GOLDMAN SACHS GROUP INC - 04 Jan 2023 Form 4 Insider Report for Rosecliff Acquisition Corp I (MDAI)

Role
10%+ Owner
Signature
/s/ Jamison Yardley, Attorney-in-fact
Issuer symbol
MDAI
Transactions as of
04 Jan 2023
Net transactions value
-$801
Form type
4
Filing time
10 Feb 2023, 19:50:47 UTC
Previous filing
10 Feb 2023
Next filing
19 Jan 2023
SEC
View on sec.gov

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 RCLF Warrant Sale $727 -17,280 -5.1% $0.0421 323,502 04 Jan 2023 Class A Ordinary Shares 17,280 See Footnote F1, F2, F3
transaction RCLF Warrant Sale $73.05 -1,461 -0.45% $0.0500 322,041 04 Jan 2023 Class A Ordinary Shares 1,461 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 Each warrant of Rosecliff Acquisition Corp I. (the "Issuer") entitles the holder to purchase one share of Class A ordinary shares at $11.50. The warrants become exercisable on the later of 30 days after the completion of the initial Business Combination or 12 months from the closing of the IPO and expire five years after the completion of the initial Business Combination.
F2 This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs & Co. LLC ("Goldman Sachs" and together with GS Group, the "Reporting Persons"). Goldman Sachs is a subsidiary of GS Group. Each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein.
F3 The securities of the Issuer reported herein as indirectly purchased were beneficially owned directly by Goldman Sachs and indirectly by GS Group.