Benjamin F. Rattner - 08 Jun 2022 Form 4 Insider Report for Osiris Acquisition Corp. (OSI)

Role
President, Director
Signature
/s/ Anthony Martucci as attorney-in-fact
Issuer symbol
OSI
Transactions as of
08 Jun 2022
Transactions value $
$-825
Form type
4
Filing time
08 Jun 2022, 16:05:58 UTC
Previous filing
21 Oct 2021
Next filing
31 Jul 2024
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction OSI Class B Common Stock, par value $0.0001 per share Sale $-825 -275,000 -47.8% $0.003000* 300,000 08 Jun 2022 Class A Common stock, par value $0.0001 per share 275,000 See Footnote F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Prior to the consummation of the Issuer's initial public offering, the reporting person purchased 718,750 shares of Class B Common Stock from Osiris Sponsor, LLC (the "Sponsor") for a total of $2,500, or approximately $0.003 per share. Shortly thereafter, the reporting person forfeited 57,500 shares of Class B Common Stock to the Issuer for no consideration. Following the consummation of the Issuer's initial public offering, the reporting person forfeited at no cost 86,250 shares of Class B Common Stock , in connection with the underwriters' forfeiture of the over-allotment option. The shares of Class B Common Stock are convertible into the Issuer's Class A Common Stock on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights, as described under the heading "Description of Securities-Founder Shares" in the Issuer's registration statement on Form S-1 (File No. 333-254997). The shares of Class B Common Stock have no expiration date.
F2 The Sponsor purchased 275,000 shares of Class B Common Stock of the Issuer from the reporting person for a total of $956.52, or approximately $0.003 per share.
F3 The reporting person is the trustee and the sole beneficiary of Maltose SP Trust. Maltose SP Trust holds the shares of Class B Common Stock described above.