LONG MICHAEL J 4
4 · MOBIX LABS, INC · Filed Nov 6, 2024
Insider Transaction Report
Form 4
MOBIX LABS, INCMOBX
LONG MICHAEL J
Director
Transactions
- Award
Class A Common Stock
2024-11-04+128,570→ 738,605 total
Footnotes (1)
- [F1]Pursuant to a Subscription Agreement, the Issuer agreed to issue additional shares of Class A Common Stock if the volume weighted average price per share of Class A Common Stock during the 30-day period (the "Adjustment Period") commencing on the date that is 30 days after the date on which a resale Registration Statement relating to the PIPE Investment is declared effective (the "Adjustment Period VWAP") is less than $10.00 per share. In such case, the Reporting Person was entitled to receive a number of shares of Class A Common Stock equal to the product of (x) the number of PIPE Shares held by the Sponsor through the end of the Adjustment Period multiplied by (y) a fraction, (A) the numerator of which is $10.00 minus the Adjustment Period VWAP and (B) the denominator of which is the Adjustment Period VWAP (the "Make-Whole Shares"). Such condition was satisfied on August 30, 2024 and the Make-Whole Shares were delivered on November 4, 2024.