Narayan Ramachandran - Mar 23, 2022 Form 4 Insider Report for Near Intelligence, Inc. (NIR)

Role
10%+ Owner
Signature
/s/ Narayan Ramachandran
Stock symbol
NIR
Transactions as of
Mar 23, 2022
Transactions value $
$5,200,000
Form type
4
Date filed
3/27/2023, 05:00 PM
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NIR Class A Common Stock Options Exercise +4.24M 4.24M Mar 23, 2023 See Footnote F1, F2
transaction NIR Class A Common Stock Other -238K -5.6% 4M Mar 23, 2023 See Footnote F1, F2, F3

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 NIR Class B Common Stock Options Exercise -4.31M -100% 0 Mar 23, 2022 Class A Common Stock 4.24M See Footnote F1, F2, F3
transaction NIR Warrants Other $5.2M +5.2M $1.00 5.2M Mar 23, 2022 Class A Common Stock 5.2M $11.50 See Footnote F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Narayan Ramachandran is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Upon the closing of the business combination of KludeIn I Acquisition Corp. ("KludeIn") with Near Intelligence Holdings, Inc. on March 23, 2023, (i) all shares of outstanding Class B shares of KludeIn were converted into shares of Class A shares of KludeIn, and (ii) KludeIn effected a name change to Near Intelligence, Inc.
F2 Messrs. Raghavan and Ramachandran are the managing members of the Sponsor and may be deemed the beneficial owners of the shares held by the Sponsor. Messrs. Raghavan and Ramachandran disclaim beneficial ownership over any securities in which they do not have a pecuniary interest.
F3 Represents the forfeiture, for no consideration, by KludeIn Prime LLC (the "Sponsor") of 237,500 shares of Class B common stock of KludeIn I Acquisition Corp., which, upon consummation of its business combination.
F4 Represents the warrants purchased by the Sponsor in connection with KludeIn's initial public offering, which are exercisable commencing 30 days following the consummation of KludeIn's business combination.