Xiaosen Sponsor LLC 4
4 · Distoken Acquisition Corp · Filed Feb 21, 2023
Insider Transaction Report
Form 4
Zhang Jian
DirectorCEO and Chairman10% Owner
Transactions
- Purchase
Ordinary Shares
2023-02-17$10.00/sh+545,000$5,450,000→ 2,270,000 total(indirect: See footnote)
Footnotes (2)
- [F1]Consists of 545,000 placement units purchased by Xiaosen Sponsor LLC (the "Sponsor") for $10.00 per unit in a private placement transaction with the registrant. Each such unit consists of one ordinary share, one right and one warrant. Each right entitles the holder thereof to receive one-tenth (1/10) of one ordinary share upon the consummation of an initial business combination by the registrant. Each warrant entitles the holder to purchase one ordinary share at a price of $11.50 per share.
- [F2]The Sponsor is the record holder of the securities reported herein. Mr. Zhang, the Chairman and Chief Executive Officer of the registrant, is the sole manager of the Sponsor. He may be deemed the beneficial owner of the securities and has sole voting and dispositive control over such securities. Mr. Zhang disclaims beneficial ownership of the ordinary shares held by the Sponsor other than to the extent of his pecuniary interest in such shares.