Mountain Crest Global Holdings LLC - 08 Jun 2023 Form 4 Insider Report for Mountain Crest Acquisition Corp. V (MCAG)

Role: 10%+ Owner
Signature: By: /s/ Dong Liu Name: Dong Liu Title: Manager
Issuer symbol: MCAG
Transactions as of: 08 Jun 2023
Transactions value $: $0
Form type: 4
Filing time: 16 Jun 2023, 20:31:02 UTC
Previous filing: 21 Oct 2022
Next filing: 20 Sep 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MCAG	Common Stock	Other		+100K	+5.43%		1.94M	08 Jun 2023	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On October 20, 2022, the Reporting Person filed a Form 4 reporting an October 19, 2022 transaction whereby the Reporting Person sold, pursuant to a stock purchase agreement, dated October 19, 2023 (the "SPA"), 100,000 shares of common stock of the Issuer (the "Shares") in exchange for $1,000,000 in connection with a business combination agreement, dated October 19, 2022 (the "BCA"). The SPA provided that the Reporting Person's obligation to transfer the Shares to the purchaser (the "Purchaser") shall be terminated if the BCA is terminated for any reason other than as a material breach of the Issuer. On June 14, 2023, the Reporting Person learned that the Purchaser terminated the BCA not as a result of a material breach of the Issuer, and therefore the Reporting Person's obligation to transfer the Shares to the Purchaser is terminated.
F2	Shares owned by Mountain Crest Global Holdings LLC, over which Dong Liu owns sole voting and dispositive power.

Content

On October 20, 2022, the Reporting Person filed a Form 4 reporting an October 19, 2022 transaction whereby the Reporting Person sold, pursuant to a stock purchase agreement, dated October 19, 2023 (the "SPA"), 100,000 shares of common stock of the Issuer (the "Shares") in exchange for $1,000,000 in connection with a business combination agreement, dated October 19, 2022 (the "BCA"). The SPA provided that the Reporting Person's obligation to transfer the Shares to the purchaser (the "Purchaser") shall be terminated if the BCA is terminated for any reason other than as a material breach of the Issuer. On June 14, 2023, the Reporting Person learned that the Purchaser terminated the BCA not as a result of a material breach of the Issuer, and therefore the Reporting Person's obligation to transfer the Shares to the Purchaser is terminated.

Shares owned by Mountain Crest Global Holdings LLC, over which Dong Liu owns sole voting and dispositive power.