Key facts
- This page summarizes M. Blair Garrou's Form 4 filing for SEP Acquisition Corp..
- 2 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 03 Oct 2023, 16:26.
M. Blair Garrou - 02 Oct 2023 Form 4 Insider Report for SEP Acquisition Corp.
- Reporting relationship
- Director, 10%+ Owner
- Issuer ticker
- N/A
- Reported as of
- 02 Oct 2023
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 03 Oct 2023, 16:26:35 UTC
- Prior SEC filing
- 23 Feb 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ M. Blair Garrou
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
M. Blair Garrou filed Form 4 for SEP Acquisition Corp. on 03 Oct 2023.
Change
- Previous filing in this sequence was filed on 23 Feb 2023.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
SEPA
transaction
Class A common stock
Conversion of derivative security
- Transaction value
- Shares
- +2,415,375
- Change %
- Price
- Shares after
- 2,415,375
- Date
- 02 Oct 2023
- Ownership
- See Footnote
- Footnotes
- F1, F2
SEPA
holding
Class A common stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 795,000
- Date
- 02 Oct 2023
- Ownership
- See Footnote
- Footnotes
- F3
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
SEPA
transaction
Derivative
Class B common stock
Conversion of derivative security
- Transaction value
- $0
- Shares
- -2,415,375
- Change %
- -70%
- Price
- $0.000000
- Shares after
- 1,050,000
- Date
- 02 Oct 2023
- Ownership
- See Footnote
- Underlying class
- Class A common stock
- Underlying amount
- 2,415,375
- Exercise price
- Footnotes
- F1, F2, F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 4 footnotes
Footnote F1
The shares of Class B common stock were converted into shares of Class A common stock on a one-for-one basis pursuant to the Issuer's Amended and Restated Certificate of Incorporation (as amended), in effect on the date of conversion.
Footnote F2
Represents shares held by Mercury Sponsor Group I LLC. M. Blair Garrou is a manager of Mercury Sponsor Group I LLC. Affiliates of M. Blair Garrou own 50% of the economic interest of Mercury Sponsor Group I LLC. As such, M. Blair Garrou may be deemed to have beneficial ownership of the Class A common stock and Class B common stock held directly by Mercury Sponsor Group I LLC. M. Blair Garrou disclaims beneficial ownership over any securities owned by Mercury Sponsor Group I LLC in which he does not have any pecuniary interest.
Footnote F3
Represents shares of Class A common stock held by Mercury Houston Partners, LLC and Mercury Affiliates XI, LLC. M. Blair Garrou is the sole manager of Mercury Houston Partners, LLC and Mercury Affiliates XI, LLC. As such, M. Blair Garrou may be deemed to have beneficial ownership of the Class A common stock held directly by each of Mercury Houston Partners, LLC and Mercury Affiliates XI, LLC. M. Blair Garrou disclaims beneficial ownership over any securities owned by Mercury Houston Partners, LLC and Mercury Affiliates XI, LLC in which he does not have any pecuniary interest.
Footnote F4
On October 3, 2023, the Issuer amended its Amended and Restated Certificate of Incorporation (as amended) to adjust the conversion ratio so that shares of Class B common stock are convertible into shares of Class A common stock on a 1:0.277 basis. Shares of Class B common stock are convertible into shares of Class A common stock (A) at any time and from time to time at the option of the holder thereof and (B) automatically on the closing of the Issuer's initial business combination. The Class B common stock has no expiration date.