Otis Carter - 21 Apr 2023 Form 4 Insider Report for Banyan Acquisition Corp (BYN)

Role
Director
Signature
/s/ By POA from Carter Otis
Issuer symbol
BYN
Transactions as of
21 Apr 2023
Net transactions value
$0
Form type
4
Filing time
25 Apr 2023, 20:39:20 UTC
Previous filing
19 Jan 2022
Next filing
29 Dec 2023
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 BYN Class B common stock Award +26,250 26,250 21 Apr 2023 Class A common stock 26,250 $0.000000 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to the amendment to the amended and restated certificate of incorporation of Banyan Acquisition Corporation ("Banyan") that became effective on April 21, 2023, the shares of Class B Common Stock held by the Reporting Person became convertible into shares of Class A Common Stock at any time at the Reporting Person's election on a one-for-one basis. The shares of Class B Common Stock also automatically convert into shares of Class A Common Stock at the time of the closing of Banyan's initial business combination on a one-for-one basis and have no expiration date.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney