Key facts
- This page summarizes Banyan Acquisition Sponsor LLC's Form 4 filing for Banyan Acquisition Corp (PNST).
- 2 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 21 Dec 2023, 07:20.
Banyan Acquisition Sponsor LLC - 20 Dec 2023 Form 4 Insider Report for Banyan Acquisition Corp (PNST)
- Reporting relationship
- Director, Director By Deputization, 10%+ Owner
- Issuer ticker
- PNST
- Reported as of
- 20 Dec 2023
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 21 Dec 2023, 07:20:50 UTC
- Prior SEC filing
- 25 Apr 2023
- Next SEC filing
- 05 Aug 2024
- Source filing
- View source filing
- Reporting owner signature
- /s/ Jerry Hyman, Manager of Banyan Acquisition Sponsor LLC
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Filing notes and source
Key filing fact
Banyan Acquisition Sponsor LLC filed Form 4 for Banyan Acquisition Corp (PNST) on 21 Dec 2023.
Change
- Previous filing in this sequence was filed on 25 Apr 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.
BYN
transaction
Class A Common Stock
Conversion of derivative security
- Transaction value
- $0
- Shares
- +4,900,000
- Change %
- +245%
- Price
- $0.000000
- Shares after
- 6,900,000
- Date
- 20 Dec 2023
- Ownership
- Direct
- Footnotes
- F1
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
BYN
transaction
Derivative
Class B Common Stock
Conversion of derivative security
- Transaction value
- $0
- Shares
- -4,900,000
- Change %
- -96%
- Price
- $0.000000
- Shares after
- 195,375
- Date
- 20 Dec 2023
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 4,900,000
- Exercise price
- $0.000000
- Footnotes
- F1, F2
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 2 footnotes
Footnote F1
In accordance with the amended and restated certificate of incorporation of Banyan Acquisition Corporation ("Banyan"), as amended, Banyan Acquisition Sponsor LLC ("Sponsor") elected to convert 4,900,000 shares of Class B Common Stock into shares of Class A Common Stock on a one-for-one basis for no consideration.
Footnote F2
Pursuant to the amendment to the amended and restated certificate of incorporation of Banyan that became effective on April 21, 2023, the shares of Class B Common Stock held by the Sponsor became convertible into shares of Class A Common Stock at any time at the Sponsor's election on a one-for-one basis. The shares of Class B Common Stock also automatically convert into shares of Class A Common Stock at the time of the closing of Banyan's initial business combination on a one-for-one basis and have no expiration date.
SEC remarks
Keith Jaffee and Jerry Hyman, the two managers of the Reporting Person, are directors of Banyan.