Hudson Bay Capital Management LP - Apr 25, 2023 Form 4 Insider Report for Twin Ridge Capital Acquisition Corp. (TRCA)

Role
10%+ Owner
Signature
Hudson Bay Capital Management LP, By: /s/ Sander Gerber, Authorized Signatory
Stock symbol
TRCA
Transactions as of
Apr 25, 2023
Transactions value $
-$2,371,303
Form type
4
Date filed
4/27/2023, 02:20 PM
Previous filing
Mar 21, 2023
Next filing
May 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TRCA Class A Ordinary Shares, $0.0001 par value Sale -$2.62K -254 -0.03% $10.32 850K Apr 25, 2023 See footnote F1
transaction TRCA Class A Ordinary Shares, $0.0001 par value Sale -$2.37M -230K -27.02% $10.31 621K Apr 26, 2023 See footnote F1
* 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 securities are held by Hudson Bay Master Fund Ltd. (the "Fund"). Hudson Bay Capital Management LP (the "Investment Manager") serves as the investment manager of the 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 Hudson Bay Capital GP LLC, which is 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.