Goldman Sachs Group Inc - Apr 4, 2023 Form 3 Insider Report for ALSP Orchid Acquisition Corp I (ALOR)

Role
10%+ Owner
Signature
/s/ Jamison Yardley, Attorney-in-fact
Stock symbol
ALOR
Transactions as of
Apr 4, 2023
Transactions value $
$0
Form type
3
Date filed
5/10/2023, 07:14 PM
Previous filing
Mar 24, 2023
Next filing
Apr 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding ALOR Class A Ordinary Shares 324K Apr 4, 2023 See Footnotes F1, F2

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
holding ALOR Equity Swap Apr 4, 2023 Warrants 1.46K See Footnotes F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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. Due to (i) a reduction in the number of outstanding shares of Class A Ordinary Shares that was first publicly announced by ALSP Orchid Acquisition Corp I (the "Issuer") on March 31, 2023 and (ii) subsequent pledge of Shares from a customer account on April 4, 2023, permitting a non-US subsidiary of GS Group to rehypothecate those Shares, the Reporting Persons involuntarily became greater than 10% beneficial owners of the outstanding Class A Ordinary Shares.
F2 The securities of the Issuer reported herein as indirectly purchased were beneficially owned directly by Goldman Sachs and indirectly by GS Group.
F3 Goldman Sachs is a party to an equity swap agreement which, upon the termination of the agreement on December 15, 2026 the counterparty will receive from Goldman Sachs any increase in the price of the Warrants above $0.00 per share, based on a notional amount of 1,456 warrants.