Hudson Bay Capital Management LP - Oct 22, 2021 Form 4 Insider Report for Yunhong International (ZGYH)

Role: 10%+ Owner
Signature: Hudson Bay Capital Management LP, By: /s/ Sander Gerber, Authorized Signatory
Stock symbol: ZGYH
Transactions as of: Oct 22, 2021
Transactions value $: -$2,196,000
Form type: 4
Date filed: 10/26/2021, 05:20 PM
Next filing: Nov 28, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ZGYH	Class A Ordinary Shares, par value $0.001 per share	Sale	-$2.2M	-200K	-22.22%	$10.98	700K	Oct 22, 2021	See footnote	F1, F2

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

Hudson Bay Capital Management LP is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.50 to $11.49, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
F2	The securities are held by HB Strategies LLC (the "Fund"), which is indirectly controlled by Hudson Bay Master Fund Ltd (the "Master Fund"). Hudson Bay Capital Management LP (the "Investment Manager") serves as the investment manager of the Master Fund. As such, the Investment Manager may be deemed to have beneficial ownership of the securities held by the Fund. As the managing member of the general partner of Hudson Bay Capital Management LP, Mr. Sander Gerber may be deemed to have beneficial ownership of the securities held by the Fund. Each Reporting Person disclaims beneficial ownership of the securities held by the Fund, except to the extent of its or his pecuniary interest therein.

Content

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.50 to $11.49, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.

The securities are held by HB Strategies LLC (the "Fund"), which is indirectly controlled by Hudson Bay Master Fund Ltd (the "Master Fund"). Hudson Bay Capital Management LP (the "Investment Manager") serves as the investment manager of the Master Fund. As such, the Investment Manager may be deemed to have beneficial ownership of the securities held by the Fund. As the managing member of the general partner of Hudson Bay Capital Management LP, Mr. Sander Gerber may be deemed to have beneficial ownership of the securities held by the Fund. Each Reporting Person disclaims beneficial ownership of the securities held by the Fund, except to the extent of its or his pecuniary interest therein.