Khurram P. Sheikh - 07 Sep 2023 Form 4 Insider Report for CXApp Inc. (CXAI)

Role
Director
Signature
/s/ Khurram P. Sheikh
Issuer symbol
CXAI
Transactions as of
07 Sep 2023
Net transactions value
-$170,799
Form type
4
Filing time
11 Sep 2023, 17:00:19 UTC
Previous filing
31 Mar 2023
Next filing
08 Feb 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CXAI Class A Common Stock Sale $41,487 -11,810 -0.48% $3.51 2,459,838 07 Sep 2023 Direct F1, F2
transaction CXAI Class A Common Stock Sale $129,311 -38,190 -1.6% $3.39 2,421,648 08 Sep 2023 Direct F2, F3
holding CXAI Class A Common Stock 453,530 07 Sep 2023 See Footnote F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.50 to $3.54, inclusive. The Reporting Person undertakes to provide, upon request by the Securities and Exchange Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range set forth above.
F2 Reflects securities previously reported as indirectly beneficially through KINS Capital Sponsor LLC (formerly known as KINS Capital LLC) ("Sponsor"). These securities were distributed to Mr. Sheikh and JKSFS Crut in connection with a pro rata distribution by the Sponsor to its members exempt under Rules 16a-9 and 16a-13 under the Securities Exchange Act of 1934, as amended.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.30 to $3.45, inclusive. The Reporting Person undertakes to provide, upon request by the Securities and Exchange Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range set forth above.
F4 Reflects securities held directly by JKSFS Crut, for which Mr. Sheikh is the trustee. Mr. Sheikh disclaims beneficial ownership of any such securities except to the extent of his pecuniary interest therein.