Alco Investment Co - 21 Apr 2025 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
21 Apr 2025
Net transactions value
-$104
Form type
4
Filing time
23 Apr 2025, 07:00:16 UTC
Previous filing
24 Sep 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 +1,048,920 +318% $0.000100 1,379,266 21 Apr 2025 Direct F1
transaction BNZI Class A Common Stock Tax liability $104 -100 -0.01% $1.04 1,379,166 21 Apr 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 -1,048,920 -100% $0.000100 0 21 Apr 2025 Class A Common Stock 1,048,920 $0.000100 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.