Balakrishnan Arackal - Apr 16, 2024 Form 4 Insider Report for Arrowroot Acquisition Corp. (AILE)

Role: President & CBO
Signature: By /s/ David Samuels, Attorney-in-Fact
Stock symbol: AILE
Transactions as of: Apr 16, 2024
Transactions value $: $0
Form type: 4
Date filed: 4/18/2024, 09:27 PM

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AILE	Common Stock	Award		+3.04M			3.04M	Apr 16, 2024	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Received pursuant to the Agreement and Plan of Merger and Reorganization, dated as of April 27, 2023, by and among the Issuer, ARAC Merger Sub, Inc., a wholly-owned subsidiary of the Issuer ("Merger Sub") and iLearningEngines Holdings, Inc. ("Legacy iLearningEngines"), whereby Merger Sub merged with and into Legacy iLearningEngines with the separate corporate existence of Merger Sub ceasing and Legacy iLearningEngines continuing as the surviving corporation and a wholly-owned subsidiary of Issuer (the "Merger").
F2	Represents the right to receive common stock of the Issuer in exchange for 3,775,957 fully vested restricted stock units of Legacy iLearningEngines in connection with the Merger (as described in footnote 1).

Content

Received pursuant to the Agreement and Plan of Merger and Reorganization, dated as of April 27, 2023, by and among the Issuer, ARAC Merger Sub, Inc., a wholly-owned subsidiary of the Issuer ("Merger Sub") and iLearningEngines Holdings, Inc. ("Legacy iLearningEngines"), whereby Merger Sub merged with and into Legacy iLearningEngines with the separate corporate existence of Merger Sub ceasing and Legacy iLearningEngines continuing as the surviving corporation and a wholly-owned subsidiary of Issuer (the "Merger").

Represents the right to receive common stock of the Issuer in exchange for 3,775,957 fully vested restricted stock units of Legacy iLearningEngines in connection with the Merger (as described in footnote 1).