Damon Jay Giraud - 13 Nov 2024 Form 4 Insider Report for Damon Inc. (DMN)

Role: Chief Executive Officer, Director
Signature: /s/ Bal Bhullar, by Power of Attorney
Issuer symbol: DMN
Transactions as of: 13 Nov 2024
Net transactions value: $0
Form type: 4
Filing time: 15 Nov 2024, 20:00:55 UTC
Next filing: 06 Dec 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DMN	Common Shares	Award		+2,211			2,211	13 Nov 2024	By common law spouse	F1, 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	DMN	Multiple Voting Shares	Award		+10,142			10,142	13 Nov 2024	Common Shares	10,142		Direct	F1, F3
transaction	DMN	Multiple Voting Shares	Award		+1,381,039			1,381,039	13 Nov 2024	Common Shares	1,381,039		By Lime Dragon Holdings Corp.	F1, F3, F4
transaction	DMN	Stock Option (Right to Buy)	Award		+525,854			525,854	13 Nov 2024	Common Shares	525,854	$0.9500	Direct	F5
transaction	DMN	Stock Option (Right to Buy)	Award		+11,790			11,790	13 Nov 2024	Common Shares	11,790	$1.23	By common law spouse	F2, F5
transaction	DMN	Stock Option (Right to Buy)	Award		+31,581			31,581	13 Nov 2024	Common Shares	31,581	$0.9500	By common law spouse	F2, F5

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

Explanation of Responses:

Id	Content
F1	On November 13, 2024, Grafiti Holding Inc. (the "Company") consummated its business combination with Damon Motors Inc. pursuant to a Business Combination Agreement, dated October 23, 2024, among the Company, Damon Motors Inc., XTI Aerospace Inc. and 1444842 B.C. Ltd. (as amended, the "Business Combination Agreement"), following which the Company changed its name to "Damon Inc." These shares were acquired in exchange for certain securities held in Damon Motors Inc. immediately prior to the closing, which converted into common shares or Multiple Voting Shares of the Company pursuant to the Business Combination Agreement.
F2	The securities are held by Amber Spencer, who is the Chief Marketing Officer of the Company and the common law spouse of the Reporting Person, and as such may be deemed to be beneficially held by the Reporting Person.
F3	The Multiple Voting Shares are convertible into common shares on a one-for-one basis at any time at the option of the holders thereof and automatically in certain other circumstances as set forth in the articles of the Company.
F4	The shares are owned by Lime Dragon Holdings Corp., of which the Reporting Person serves as sole director, and as such may be deemed to be beneficially held by the Reporting Person.
F5	This option was acquired in exchange for an option issued by Damon Motors Inc. pursuant to the Business Combination Agreement.