Shashi M. Tripathi - 13 Nov 2024 Form 4 Insider Report for Damon Inc. (DMN)

Role: 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, 20:59:44 UTC
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		+29,272			29,272	13 Nov 2024	By Nurture Growth Fund, LP	F1, F3
transaction	DMN	Common Shares	Award		+2,333			2,333	13 Nov 2024	By Nurture Group Ventures LLC	F1, F3

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	Warrants	Award		+32,011			32,011	13 Nov 2024	Common Shares	32,011	$7.81	By Nurture Growth Fund, LP	F2, F3
transaction	DMN	Warrants	Award		+2,560			2,560	13 Nov 2024	Common Shares	2,560	$7.81	By Nurture Group Ventures LLC	F2, F3

* 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." The reporting person acquired these shares 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	These warrants were acquired in exchange for warrants issued by Damon Motors Inc. pursuant to the Business Combination Agreement.
F3	The reporting person is the managing partner/member of the fund and, as such, may be deemed to have beneficial ownership of the securities held by the fund. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, if any.