Alco Investment Co - 20 Sep 2024 Form 4 Insider Report for Banzai International, Inc. (BNZI)

Role
10%+ Owner
Signature
/s/ Mason Ward, Chief Financial Officer
Issuer symbol
BNZI
Transactions as of
20 Sep 2024
Net transactions value
-$4,253,478
Form type
4
Filing time
24 Sep 2024, 21:09:30 UTC
Next filing
23 Apr 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BNZI Class A Common Stock Purchase $1,098,614 +282,420 +589% $3.89* 330,340 20 Sep 2024 Direct F1

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 BNZI Pre-Funded Warrants (Right to Buy) Purchase $105 -1,048,920 -50% $0.000100* 1,048,920 20 Sep 2024 Class A Common Stock 1,048,920 $0.000100 Direct F1, F2
transaction BNZI Common Stock Warrants (Right to Buy) Purchase $5,351,987 -1,331,340 -50% $4.02* 1,331,340 20 Sep 2024 Class A Common Stock 1,331,340 $4.02 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On September 20, 2024, Banzai International, Inc. (the "Company") completed a private placement of securities pursuant to which the reporting person acquired 282,420 shares of Class A Common Stock for a purchase price of $3.89 per share, Pre-Funded Warrants to purchase up to 1,049,920 shares of Class A Common Stock with an exercise price of $0.0001 per share for a purchase price of $3.89 per Pre-Funded Warrant, and Common Warrants to purchase up to 1,331,340 shares of Class A Common Stock with an exercise price of $4.02 per share.
F2 The Pre-Funded Warrants are not subject to expiration.