Mountain Crest Global Holdings LLC - Jun 8, 2023 Form 4 Insider Report for Mountain Crest Acquisition Corp. V (MCAG)

Role
10%+ Owner
Signature
By: /s/ Dong Liu Name: Dong Liu Title: Manager
Stock symbol
MCAG
Transactions as of
Jun 8, 2023
Transactions value $
$0
Form type
4
Date filed
6/16/2023, 08:31 PM
Previous filing
Oct 21, 2022
Next filing
Sep 20, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MCAG Common Stock Other +100K +5.43% 1.94M Jun 8, 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 October 20, 2022, the Reporting Person filed a Form 4 reporting an October 19, 2022 transaction whereby the Reporting Person sold, pursuant to a stock purchase agreement, dated October 19, 2023 (the "SPA"), 100,000 shares of common stock of the Issuer (the "Shares") in exchange for $1,000,000 in connection with a business combination agreement, dated October 19, 2022 (the "BCA"). The SPA provided that the Reporting Person's obligation to transfer the Shares to the purchaser (the "Purchaser") shall be terminated if the BCA is terminated for any reason other than as a material breach of the Issuer. On June 14, 2023, the Reporting Person learned that the Purchaser terminated the BCA not as a result of a material breach of the Issuer, and therefore the Reporting Person's obligation to transfer the Shares to the Purchaser is terminated.
F2 Shares owned by Mountain Crest Global Holdings LLC, over which Dong Liu owns sole voting and dispositive power.