Leggett Richard Jr 4
4 · Blue Ocean Acquisition Corp · Filed Jun 25, 2024
Insider Transaction Report
Form 4
Leggett Richard Jr
Chief Executive Officer10% Owner
Transactions
- Conversion
Class A Ordinary Shares
2024-06-21+4,353,749→ 4,353,749 total(indirect: See Footnote) - Conversion
Class B Ordinary Shares
2024-06-21−4,353,749→ 1 total(indirect: See Footnote)→ Class A Ordinary Shares (4,353,749 underlying)
Footnotes (2)
- [F1]On August 29, 2023, shareholders of the Issuer approved a proposal to amend the Issuer's articles of association to permit holders of the Issuer's Class B ordinary shares to convert such holder's Class B ordinary shares into Class A ordinary shares on a one-for-one basis at any time and from time to time prior to the closing of an initial business combination at the election of the holder. On June 21, 2024, Blue Ocean Sponsor LLC ("Sponsor") exercised its right to convert a portion of its Class B ordinary shares into Class A ordinary shares.
- [F2]These securities are held directly by Sponsor. The Reporting Person is a manager of Sponsor. As such, the Reporting Person may be deemed to have beneficial ownership of the securities held directly by Sponsor. The Reporting Person disclaims beneficial ownership over any securities owned by Sponsor in which he does not have any pecuniary interest.