Anthony Querciagrossa - 29 Dec 2023 Form 4 Insider Report for Pinstripes Holdings, Inc. (PNST)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
03 Jan 2024, 17:49:38 UTC
Next SEC filing
27 Feb 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Anthony Querciagrossa

Key filing fact

Anthony Querciagrossa filed Form 4 for Pinstripes Holdings, Inc. (PNST) on 03 Jan 2024.

Key facts

  • This page summarizes Anthony Querciagrossa's Form 4 filing for Pinstripes Holdings, Inc. (PNST).
  • 1 reported transaction and 1 derivative row are listed below.
  • Accepted by SEC: 03 Jan 2024, 17:49.

Change

  • No earlier filing in this sequence is available for direct comparison.
  • 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

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

PNST transaction Derivative

Employee Stock Option (Right to Buy)

Award

Transaction value
Shares
+277,291
Change %
Price
Shares after
277,291
Date
29 Dec 2023
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
277,291
Exercise price
$13.53
Footnotes
F1, F2, F3
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

On December 29, 2023, pursuant to that certain Second Amended and Restated Business Combination Agreement dated November 22, 2023 (as amended from time to time, the "Business Combination Agreement") by and among Banyan Acquisition Corporation ("Banyan"), Panther Merger Sub, Inc., a wholly owned subsidiary of Banyan ("Merger Sub") and Pinstripes Inc. ("Pinstripes"), pursuant to which (i) Merger Sub merged with and into Pinstripes, with Pinstripes surviving as a wholly owned subsidiary of Banyan (the "Merger") and, after given effect to such Merger, continuing as a wholly owned subsidiary and (ii) Banyan changed its name to "Pinstripes Holdings, Inc." (the "Issuer") (the Merger and the other transactions contemplated by the Business Combination Agreement, the "Business Combination").

Footnote F2

For purposes of the exemption under Rule 16b-3 promulgated under the Exchange Act, the Board of Banyan approved the acquisition of any direct or indirect pecuniary interest in any and all securities reported hereby by the reporting persons as a result of or in connection with the transactions reported in this Form 4.

Footnote F3

The option granted to Mr. Querciagrossa was received in the Business Combination, in exchange for an employee stock option to acquire 150,000 shares of Pinstripes common stock for $25.00 per share. Includes 13,865 vested options and 263,426 options that vest in 19 equal quarterly installments.

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