Investment Co Alco - Apr 21, 2025 Form 4 Insider Report for Banzai International, Inc. (BNZI)

Role
10%+ Owner
Signature
/s/ Mason Ward, Chief Financial Officer
Stock symbol
BNZI
Transactions as of
Apr 21, 2025
Transactions value $
-$105
Form type
4
Date filed
4/23/2025, 07:00 AM
Previous filing
Sep 24, 2024
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 Exercise of in-the-money or at-the-money derivative security $105 +1.05M +317.52% $0.00 1.38M Apr 21, 2025 Direct F1
transaction BNZI Class A Common Stock Tax liability -$105 -100 -0.01% $1.05 1.38M Apr 21, 2025 Direct F2

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) Exercise of in-the-money or at-the-money derivative security -$105 -1.05M -100% $0.00 0 Apr 21, 2025 Class A Common Stock 1.05M $0.00 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On April 21, 2025, the reporting person completed the cashless exercise of 1,048,920 pre-funded warrants (the "Pre-Funded Warrants") pursuant to the terms and conditions of the warrants as originally issued and approved in accordance with Rule 16b-3(d)(1) on September 20, 2024.
F2 Forfeiture of shares for net share settlement of exercise price of the Pre-Funded Warrants.
F3 The Pre-Funded Warrants are not subject to expiration.