Xavier Casanova - Jul 31, 2023 Form 4 Insider Report for Presto Automation Inc. (PRST)

Role: CHIEF OPERATING OFFICER
Signature: /s/ Xavier Casanova
Stock symbol: PRST
Transactions as of: Jul 31, 2023
Transactions value $: -$68,805
Form type: 4
Date filed: 8/2/2023, 11:48 AM
Previous filing: Jul 21, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PRST	Common Stock, par value $0.0001 per share	Sale	-$68.8K	-17.8K	-3.34%	$3.86	517K	Jul 31, 2023	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	On July 25, 2022, the reporting person was granted 173,476 restricted stock units ("RSUs") that vest in four equal annual installments beginning on July 18, 2022. Each RSU represents the right to receive one share of PRST common stock upon vesting. On July 31, 2023, the reporting person sold 17,825 shares in order to cover the reporting person's statutory tax withholding obligations in connection with the vesting of RSUs, as required by the terms of the RSU award agreement. Such sales do not represent discretionary transactions by the reporting person.
F2	This transaction was executed in multiple trades at prices ranging from $3.79 to $3.96. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

Content

On July 25, 2022, the reporting person was granted 173,476 restricted stock units ("RSUs") that vest in four equal annual installments beginning on July 18, 2022. Each RSU represents the right to receive one share of PRST common stock upon vesting. On July 31, 2023, the reporting person sold 17,825 shares in order to cover the reporting person's statutory tax withholding obligations in connection with the vesting of RSUs, as required by the terms of the RSU award agreement. Such sales do not represent discretionary transactions by the reporting person.

This transaction was executed in multiple trades at prices ranging from $3.79 to $3.96. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.