Whitehead Clay 4
4 · Papaya Growth Opportunity Corp. I · Filed Feb 21, 2024
Insider Transaction Report
Form 4
Whitehead Clay
DirectorChief Executive Officer10% Owner
Transactions
- Exercise/Conversion
Class A Common Stock, par value $0.0001
2024-02-16+7,528,875→ 8,644,375 total(indirect: By LLC) - Exercise/Conversion
Class B Common Stock, par value $0.0001
2024-02-16−7,528,875→ 0 total(indirect: By LLC)→ Class A Common Stock (7,528,875 underlying)
Footnotes (3)
- [F1]Papaya Growth Opportunity I Sponsor, LLC (the "Sponsor"), as the holder of 100% of the Issuer's shares of Class B common stock, determined to convert all outstanding shares of Class B common stock into shares of Class A common stock on a one-for-one basis. The shares of Class B common stock have no expiration date.
- [F2]The reporting person is the managing member of the Sponsor. As such, the reporting person has voting and investment discretion with respect to the common stock held of record by the Sponsor and may be deemed to have shared beneficial ownership of the common stock held directly by the Sponsor and disclaims any beneficial ownership of the reported common stock other than to the extent of any pecuniary interest he may have therein, directly or indirectly.
- [F3]Includes 1,115,500 units of the Issuer. Each unit consists of one share of the Issuer's Class A common stock and one-half of one redeemable warrant.