B. Riley Financial, Inc. - Jul 22, 2022 Form 4 Insider Report for FaZe Holdings Inc. (FAZE)

Role: 10%+ Owner
Signature: /s/ Bryant R. Riley, the Co-Chief Executive Officer of B. Riley Financial, Inc.
Stock symbol: FAZE
Transactions as of: Jul 22, 2022
Transactions value $: $0
Form type: 4
Date filed: 7/26/2022, 09:31 PM
Previous filing: Jul 25, 2022
Next filing: Jul 28, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FAZE	Common Stock	Other		-52K	-1.08%		4.78M	Jul 22, 2022	By B. Riley Principal 150 Sponsor Co., LLC	F1, F2, F3, F4
holding	FAZE	Common Stock						7.34M	Jul 22, 2022	By. B. Riley Principal Investments, LLC	F1, F2
holding	FAZE	Common Stock						200K	Jul 22, 2022	Direct	F5

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	FAZE	Warrants (right to buy)	Other		-17.3K	-10%		156K	Jul 22, 2022	Class A Common Stock	17.3K	$11.50	By B. Riley Principal 150 Sponsor Co., LLC	F1, F2, F3, F6

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

Explanation of Responses:

Id	Content
F1	B. Riley Principal Investments, LLC ("BRPI") is the managing member of B. Riley Principal 150 Sponsor Co., LLC ("Sponsor") and is a wholly-owned subsidiary of B. Riley Financial, Inc. ("BRF"). BRPI and BRF have voting and dispositive power over the securities held by the Sponsor. As a result, BRF may be deemed to indirectly beneficially own the securities directly held by BRPI, and each of BRPI and BRF may be deemed to indirectly beneficially own the securities directly held by the Sponsor.
F2	Bryant R. Riley is the Co-Chief Executive Officer and Chairman of the Board of Directors of BRF. As a result, Bryant R. Riley may be deemed to indirectly beneficially own the securities directly held by the Sponsor and BRPI. Each of BRF, the Sponsor, BRPI, and Bryant R. Riley disclaims beneficial ownership of any securities reported herein, except to the extent of its/his respective pecuniary interest therein, directly or indirectly.
F3	Represents a pro-rata distribution to the members of the Sponsor for no consideration.
F4	Includes an aggregate of 2,156,250 shares subject to forfeiture if the vesting conditions set forth in the Sponsor Support Agreement dated as of October 24, 2021 ("Sponsor Support Agreement") by and among BRPM, Legacy FaZe, and the Sponsor are not met.
F5	Represents shares held directly by Bryant R. Riley.
F6	The warrants will become exercisable 30 days after the completion of the Business Combination. The warrants will expire five years after the completion of the Business Combination or earlier upon redemption or liquidation.