Lou Kerner - Nov 9, 2021 Form 4 Insider Report for Blockchain Coinvestors Acquisition Corp. I (BCSA)

Role: Managing Director and CEO, Director, 10%+ Owner
Signature: /s/ Lou Kerner
Stock symbol: BCSA
Transactions as of: Nov 9, 2021
Transactions value $: $0
Form type: 4
Date filed: 3/7/2022, 03:20 PM

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	BCSA	Class A Ordinary Shares						1.32M	Nov 9, 2021	By Blockchain Coinvestors Acquisition Sponsors I LLC	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	BCSA	Class B Ordinary Shares	Disposed to Issuer	$0	-5K	-0.05%	$0.00	9.85M	Nov 9, 2021	Class A Ordinary Shares	5K		By Blockchain Coinvestors Acquisition Sponsors I LLC	F2, F3, F4, F5
holding	BCSA	Warrants (right to buy)						661K	Nov 9, 2021	Class A Ordinary Shares	661K	$11.50	By Blockchain Coinvestors Acquisition Sponsors I LLC	F2, F6, F7, F8

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

Explanation of Responses:

Id	Content
F1	Adjusted to show the reduction by 300 in the number of shares underlying the units of the issuer previously reported on Form 3A filed on March 7, 2022 to reflect the partial exercise by the underwriters of the issuer's initial public offering of their over-allotment option.
F2	As a manager of the Blockchain Coinvestors Acquisition Sponsors I LLC (the "Sponsor"), the reporting person may be deemed to share beneficial ownership of the securities held by the Sponsor. The reporting person disclaims any beneficial ownership of any securities of the issuer held by the Sponsor except to the extent of his ultimate pecuniary interest.
F3	The shares of Class B ordinary shares, par value $0.00009 per share, of the issuer will automatically convert into shares of Class A ordinary shares, par value $0.0001 per share, of the issuer upon the consummation of the issuer's initial business combination as described in the issuer's registration statement on Form S-1 (File No. 333-259091) (the "Registration Statement") in the section entitled "Description of Securities-Founders Shares." The shares of Class B ordinary shares have no expiration date.
F4	These shares represent Class B ordinary shares held by the Sponsor. The Sponsor forfeited 5,000 shares of Class B ordinary shares to the issuer for no consideration, which was exempted pursuant to Rule 16b-3(e) under the Securities Exchange Act of 1934, as amended, in connection with the underwriters' election not to exercise their over-allotment option in full.
F5	Reflects the adjustment of the number of shares of Class B ordinary shares previously reported on Form 3 filed on November 9, 2021 for the subsequent stock split and stock dividend with respect to the Class B ordinary shares effective November 9, 2021.
F6	The warrants will become exercisable at the later of 30 days after the consummation of the issuer's initial business combination or 12 months from the completion of the issuer's initial public offering.
F7	The warrants will expire five years after the consummation of the issuer's initial business combination or earlier upon redemption of all of the issuer's outstanding common stock or the issuer's liquidation.
F8	Adjusted to show the reduction by 150 in the number of warrants underlying the units of the issuer representing the right to purchase shares of Class A ordinary shares previously reported on Form 3A filed on March 7, 2022 to reflect the partial exercise by the underwriters of the issuer's initial public offering of their over-allotment option.