4//SEC Filing
AJJARAPU SURENDRA K 4
Accession 0001493152-23-008973
CIK 0001869974other
Filed
Mar 23, 8:00 PM ET
Accepted
Mar 24, 9:23 PM ET
Size
21.4 KB
Accession
0001493152-23-008973
Insider Transaction Report
Form 4
AJJARAPU SURENDRA K
DirectorChief Executive Officer10% Owner
Transactions
- Other
Common Stock, par value $0.0001
2023-03-22−1,050,000→ 315,000 total(indirect: By LLC)
Holdings
- 21,252(indirect: By LLC)
Common Stock, par value $0.0001
- 469,300(indirect: By Trust)
Common Stock, par value $0.0001
- 258,200(indirect: By Trust)
Common Stock, par value $0.0001
Footnotes (5)
- [F1]Represents the transfer of 1,050,000 shares of common stock, par value $0.0001 per share (the "Common Stock"), of Ocean Biomedical, Inc. (the "Issuer") from Aesther Healthcare Sponsor, LLC (the "Sponsor") to NPIC Limited (the "Lender") on March 22, 2023 pursuant to that certain Loan Modification Agreement, dated March 22, 2023, between the Sponsor, the Issuer, and the Lender, as consideration for the Lender's agreement to extend the maturity date of the Sponsor's repayment of a $1,050,000 loan.
- [F2]These shares of Common Stock are owned directly by the Sponsor. Suren Ajjarapu ("Mr. Ajjarapu") is the managing member of the Sponsor and therefore may be deemed to have beneficial ownership of the securities held by the Sponsor. Mr. Ajjarapu disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- [F3]These shares of Common Stock are owned directly by Sansur Associates, LLC ("Sansur"). As manager of Sansur, Mr. Ajjarapu may be deemed to be the indirect beneficial owner of the securities held by Sansur. Mr. Ajjarapu disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- [F4]These shares are owned directly by the Surendra Ajjarapu Revocable Trust of 2007 (the "Surendra Trust"). As trustee of the Surendra Trust, Mr. Ajjarapu may be deemed to be the indirect beneficial owner of the securities held by the Surendra Trust. Mr. Ajjarapu disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- [F5]These shares of Common Stock are owned directly by the Sandhya Ajjarapu Revocable Trust of 2007 (the "Sandhya Trust"), of which Mr. Ajjarapu's wife, Sandhya Ajjarapu ("Mrs. Ajjarapu") is the trustee and Mr. Ajjarapu is the successor trustee. Because Mrs. Ajjarapu's pecuniary interest in the Sandhya Trust is attributable to Mr. Ajjarapu by nature of their spousal relationship, Mr. Ajjarapu may be deemed to be the indirect beneficial owner of the securities held by the Sandhya Trust. Mr. Ajjarapu disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
Documents
Issuer
Ocean Biomedical, Inc.
CIK 0001869974
Entity typeother
Related Parties
1- filerCIK 0001368298
Filing Metadata
- Form type
- 4
- Filed
- Mar 23, 8:00 PM ET
- Accepted
- Mar 24, 9:23 PM ET
- Size
- 21.4 KB