Suying Liu - 28 Mar 2023 Form 4 Insider Report for Mountain Crest Acquisition Corp. V (MCAG)

Role
CEO and CFO, Director
Signature
/s/ Suying Liu
Issuer symbol
MCAG
Transactions as of
28 Mar 2023
Net transactions value
$0
Form type
4
Filing time
28 Mar 2023, 21:53:05 UTC
Previous filing
21 Oct 2022
Next filing
10 Jul 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MCAG Common Stock Other -1,840,800 -100% 0 28 Mar 2023 See Footnote F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MCAG Rights to purchase Common Stock Other -223,000 -100% 0 28 Mar 2023 Common Stock 22,300 $0.000000 See Footnote F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares of common stock are held by Mountain Crest Global Holdings LLC. On March 28, 2023, Dr. Suying Liu ceased to be the managing member of Mountain Crest Global Holdings LLC and therefore no longer has any voting or dispositive control over the shares of common stock held by Mountain Crest Global Holdings LLC.
F2 On March 28, 2023, Dr. Suying Liu ceased to be the managing member of Mountain Crest Global Holdings LLC and therefore no longer has any voting or dispositive control over the shares of common stock held by Mountain Crest Global Holdings LLC.
F3 The rights automatically convert into one-tenth (1/10) of a share of common stock upon the consummation of the issuer's initial business combination, as described in the issuer's prospectus filed with the SEC.
F4 The rights are held by Mountain Crest Global Holdings LLC. On March 28, 2023, Dr. Suying Liu ceased to be the managing member of Mountain Crest Global Holdings LLC and therefore no longer has any voting or dispositive control over the rights held by Mountain Crest Global Holdings LLC.