B. Riley Financial, Inc. - Dec 6, 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: Dec 6, 2022
Transactions value $: $0
Form type: 4
Date filed: 12/13/2022, 08:30 PM
Previous filing: Nov 30, 2022
Next filing: Mar 31, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FAZE	Common Stock	Other		-4.31M	-100%		0	Dec 6, 2022	By B. Riley Principal 150 Sponsor Co., LLC	F1, F2, F3
transaction	FAZE	Common Stock	Other		+3.22M	+41.2%		11M	Dec 6, 2022	By. B. Riley Principal Investments, LLC	F1, F2, F3, F4
holding	FAZE	Common Stock						200K	Dec 6, 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
holding	FAZE	Warrants (right to buy)						156K	Dec 6, 2022	Class A Common Stock	156K	$11.50	By. B. Riley Principal Investments, LLC	F1, F2, F4, 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 distribution to BRPI and the members of the Sponsor for no consideration.
F4	Represents 468,000 shares and 156,001 warrants previously held directly by the Sponsor and subsequently transferred to BRPI.
F5	Represents shares held directly by Bryant R. Riley.
F6	The warrants are 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.