Jay Angelo - Jun 30, 2023 Form 4 Insider Report for Near Intelligence, Inc. (NIR)

Role: General Counsel
Signature: /s/ Jay Angelo
Stock symbol: NIR
Transactions as of: Jun 30, 2023
Transactions value $: -$7,800,849
Form type: 4
Date filed: 7/3/2023, 04:05 PM
Previous filing: Mar 27, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NIR	Common Stock	Options Exercise		+8.08K			8.08K	Jun 30, 2023	Direct	F1
transaction	NIR	Common Stock	Tax liability	-$7.8M	-2.79K	-34.59%	$2,793.00^*	5.28K	Jun 30, 2023	Direct	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
transaction	NIR	Restricted Stock Units	Options Exercise	$0	+8.08K		$0.00	8.08K	Jun 30, 2023	Common Stock	8.08K		Direct	F1

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

Explanation of Responses:

Id	Content
F1	These restricted stock units ("RSUs") were granted pursuant to the Near Intelligence, Inc. 2023 Equity Incentive Plan. Each RSU represents a contingent right to receive one share of the issuer's common stock, par value $0.0001 per share. One-fourth of the RSUs vested on June 30, 2023, and the remainder will vest ratably at a rate of 6.33% at the end of each subsequent quarter thereafter, subject to the reporting person's continued employment with the issuer through the applicable vesting dates and certain early vesting conditions.
F2	Represents shares of common stock of the issuer withheld by the issuer to satisfy tax withholding obligations in connection with the vesting of 8,075 restricted stock units granted to the reporting person on March 23, 2023. No shares were issued or sold in this transaction. The per-share value assigned to the shares withheld reflects the price per share on the date on which the shares vested as reported on the Nasdaq Global Market.

Content

These restricted stock units ("RSUs") were granted pursuant to the Near Intelligence, Inc. 2023 Equity Incentive Plan. Each RSU represents a contingent right to receive one share of the issuer's common stock, par value $0.0001 per share. One-fourth of the RSUs vested on June 30, 2023, and the remainder will vest ratably at a rate of 6.33% at the end of each subsequent quarter thereafter, subject to the reporting person's continued employment with the issuer through the applicable vesting dates and certain early vesting conditions.

Represents shares of common stock of the issuer withheld by the issuer to satisfy tax withholding obligations in connection with the vesting of 8,075 restricted stock units granted to the reporting person on March 23, 2023. No shares were issued or sold in this transaction. The per-share value assigned to the shares withheld reflects the price per share on the date on which the shares vested as reported on the Nasdaq Global Market.