Polar Asset Management Partners Inc. - Nov 19, 2024 Form 4 Insider Report for ShoulderUP Technology Acquisition Corp. (SUAC)

Role: 10%+ Owner
Signature: /s/ Andrew Ma, Chief, Compliance Officer, on behalf, of Polar Asset Management Partners Inc.
Stock symbol: SUAC
Transactions as of: Nov 19, 2024
Transactions value $: $1,071,000
Form type: 4
Date filed: 11/21/2024, 11:48 AM
Previous filing: Nov 1, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SUAC	Class A common stock, $0.0001 par value	Purchase	$1.07M	+100K	+25%	$10.71	500K	Nov 19, 2024	See footnote 1	F1

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

Polar Asset Management Partners Inc. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	Polar Asset Management Partners Inc., a company incorporated under the laws of Ontario, Canada (the "Reporting Person"), serves as investment advisor to Polar Multi-Strategy Master Fund ("PMSMF"), a Cayman Islands exempted company and has sole voting and investment discretion with respects to the securities reported herein which are held by PMSMF. The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that Reporting Person is the beneficial owner of the securities reported herein for the purpose of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose, except to the extent of Reporting Person's pecuniary interest therein. Based on the Issuer's current Class A shares outstanding as disclosed in the Form 8-K filed on November 20, 2024, the Reporting Person is no longer subject to Section 16. Form 4 obligations.

Content

Polar Asset Management Partners Inc., a company incorporated under the laws of Ontario, Canada (the "Reporting Person"), serves as investment advisor to Polar Multi-Strategy Master Fund ("PMSMF"), a Cayman Islands exempted company and has sole voting and investment discretion with respects to the securities reported herein which are held by PMSMF. The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that Reporting Person is the beneficial owner of the securities reported herein for the purpose of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose, except to the extent of Reporting Person's pecuniary interest therein. Based on the Issuer's current Class A shares outstanding as disclosed in the Form 8-K filed on November 20, 2024, the Reporting Person is no longer subject to Section 16. Form 4 obligations.