Inflection Point Holdings II LLC - May 30, 2023 Form 4 Insider Report for Inflection Point Acquisition Corp. II (IPXX)

Role
Other*, 10%+ Owner
Signature
/s/ Jeffrey Kim, Attorney-in-Fact for Inflection Point Holdings II LLC
Stock symbol
IPXX
Transactions as of
May 30, 2023
Transactions value $
$0
Form type
4
Date filed
5/30/2023, 04:32 PM
Previous filing
May 24, 2023
Next filing
Nov 19, 2024

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 IPXX Class B Ordinary Shares Other $0 -75K -1.19% $0.00 6.25M May 30, 2023 Class A Ordinary Shares 75K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Class B ordinary shares are convertible for the Issuer's Class A ordinary shares as described under the heading "Description of Securities" in the Issuer's Registration Statement on Form S-1 (File No. 333-271128) and have no expiration date.
F2 On May 30, 2023, Inflection Point Holdings II LLC forfeited at no cost 75,000 Class B ordinary shares of the Issuer in connection with the election by the underwriters of the Issuer's initial public offering of units to exercise an option granted to them to cover over-allotments in part and not in full.
F3 Inflection Point Holdings II LLC is the record holder of the securities reported herein. Michael Blitzer is the managing member of Inflection Point Holdings II LLC and shares voting and investment discretion with respect to the securities held of record by Inflection Point Holdings II LLC. Michael Blitzer disclaims any beneficial ownership of the securities held by Inflection Point Holdings II LLC other than to the extent of any pecuniary interest he may have therein, directly or indirectly.

Remarks:

Inflection Point Holdings II LLC may be deemed a director by deputization by virtue of its representation on the board of directors of the Issuer. Michael Blitzer is the Chairman of the board of directors and Chief Executive Officer of the Issuer. See Exhibit 99.1 - Joint Filer Information, which is incorporated herein by reference and describes in further detail the relationships of the Reporting Persons to the Issuer. See Exhibits 24.1 and 24.2 - Powers of Attorney.