Leila Rasoulian - Feb 7, 2024 Form 3 Insider Report for Borealis Foods Inc. (BRLS)

Role
10%+ Owner
Signature
/s/ Pouneh Rahimi, Attorney-in-Fact for Leila Rasoulian
Stock symbol
BRLS
Transactions as of
Feb 7, 2024
Transactions value $
$0
Form type
3
Date filed
2/20/2024, 05:40 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding BRLS Class A Common Stock 3.53M Feb 7, 2024 By Zagros Alpine Capital ULC F1
holding BRLS Class A Common Stock 128K Feb 7, 2024 By Z Ventures Inc. F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Zagros Alpine Capital ULC ("Zagros") directly owns the reported shares. Reza Soltanzadeh is the spouse of Ms. Rasoulian. Ms. Rasoulian and Mr. Soltanzadeh may be deemed to share beneficial ownership of all the shares held by Zagros. Ms. Rasoulian and Mr. Soltanzadeh may be deemed to have joint voting and dispositive power over the shares held by Zagros.
F2 Z Ventures Inc. ("Z Ventures") directly owns the reported shares. Reza Soltanzadeh is the spouse of Ms. Rasoulian. Ms. Rasoulian and Mr. Soltanzadeh may be deemed to share beneficial ownership of all the shares held by Z Ventures. Ms. Rasoulian and Mr. Soltanzadeh may be deemed to have joint voting and dispositive power over the shares held by Z Ventures.

Remarks:

Exhibit 24.1 Power of Attorney - Leila Rasoulian. Exhibit 24.2 Power of Attorney - Zagros Alpine Capital ULC.