Mohammed al Hassan - 06 Dec 2024 Form 4 Insider Report for zSpace, Inc. (ZSPC)

Footnote F1

bSpace Investments Limited, an entity organized under the law of the Cayman Islands ("bSpace") owns 45,890 shares of our NCNV 3 preferred stock. The shares of NCNV 3 Preferred Stock do not entitle bSpace to vote on matters submitted to securityholders but entitle bSpace to dividends if declared by the Issuer's board of directors and to preferential payments upon liquidation and certain other corporate actions. (cont'd in FN2)

Footnote F2

Each share of NCNV 3 Preferred Stock converted into a number of shares of the Issuer's common stock, as is determined by dividing (i) $600, the original issuance price of the NCNV 3 Preferred Stock, less any amount previously paid in respect thereof in the form of dividends, plus any dividends accrued but unpaid thereon and declared by the board of directors by (ii) the initial public per share offering price of the Issuer's common stock. Such shares of NCNV 3 Preferred Stock were automatically convertible into shares of the Issuer's common stock immediately preceding the consummation of the Issuer's initial public offering.

Footnote F3

Mohammed Al Hassan, the Co-CEO of Gulf Islamic Investments, LLC, holds 100% of the equity in bSpace, and therefore may be deemed to be the beneficial owner of the securities held by bSpace, as determined under rules issued by the SEC. Mr. Al Hassan disclaims beneficial ownership of all such securities.