Bright Vision Sponsor LLC - Apr 27, 2022 Form 4 Insider Report for Deep Medicine Acquisition Corp. (DMAQ)

Role: 10%+ Owner
Signature: /s/ Ke Li, as the Managing Member of Bright Vision Sponsor LLC
Stock symbol: DMAQ
Transactions as of: Apr 27, 2022
Transactions value $: -$1,486,310
Form type: 4
Date filed: 4/27/2022, 04:34 PM
Previous filing: Nov 2, 2021
Next filing: Nov 21, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DMAQ	Class A Common Stock	Other	-$1.49M	-149K	-36.56%	$10.00	258K	Apr 27, 2022	Direct	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	DMAQ	Class B Common Stock	Other	$0	-398K	-12.6%	$0.00	2.76M	Apr 27, 2022	Class A Common Stock	398K		Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	As described in the registrant's registration statement on Form S-1 (File No. 333-259500) under the heading "Description of Securities - Founder Shares", the shares of Class B common stock will automatically convert into shares of Class A common stock at the time of the registrant's initial business combination, or earlier at the option of the holder, on a one-for-one basis subject to certain adjustments and have no expiration date.
F2	Pursuant to certain redemption agreements between Bright Vision Sponsor LLC (the "Sponsor") and certain members of the Sponsor, shares of Class B common stock of the registrants and shares of Class A common stock underlying the private placement units of the registrant were transferred by the Sponsor to the members named therein in consideration for the redemption of such membership interest of the Sponsor entitling the members to receive such securities.

Content

As described in the registrant's registration statement on Form S-1 (File No. 333-259500) under the heading "Description of Securities - Founder Shares", the shares of Class B common stock will automatically convert into shares of Class A common stock at the time of the registrant's initial business combination, or earlier at the option of the holder, on a one-for-one basis subject to certain adjustments and have no expiration date.

Pursuant to certain redemption agreements between Bright Vision Sponsor LLC (the "Sponsor") and certain members of the Sponsor, shares of Class B common stock of the registrants and shares of Class A common stock underlying the private placement units of the registrant were transferred by the Sponsor to the members named therein in consideration for the redemption of such membership interest of the Sponsor entitling the members to receive such securities.