David Ishag - Dec 28, 2023 Form 4 Insider Report for Zoomcar Holdings, Inc. (ZCAR)

Role
Director
Signature
/s/ David Ishag
Stock symbol
ZCAR
Transactions as of
Dec 28, 2023
Transactions value $
$0
Form type
4
Date filed
1/11/2024, 11:32 AM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ZCAR Common Stock Award +3.91K 3.91K Dec 28, 2023 Direct F1
transaction ZCAR Common Stock Award +2.86K +73.17% 6.78K Dec 29, 2023 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares were initially issued by Zoomcar, Inc. ("Zoomcar") and were exchanged for shares of common stock issued by Zoomcar Holdings, Inc. (the "Issuer") on December 28, 2023, upon the consummation by the Issuer of its initial business combination (the "Business Combination") with Zoomcar pursuant to that certain agreement and plan of merger, dated as of October 13, 2022, by and among Zoomcar, the Issuer and the other parties thereto (the "Merger Agreement").
F2 These shares were issued as a result of the first amendment to the Merger Agreement, entered into by Zoomcar and the Issuer, among other parties on December 29, 2023, resulting in the issuance of the earnout shares contemplated by the Merger Agreement.