Dave Wentz - Sep 23, 2021 Form 3 Insider Report for Direct Selling Acquisition Corp. (DSAQ)

Role
Chief Executive Officer, Director
Signature
/s/ Jaewon Chang, as attorney-in-fact
Stock symbol
DSAQ
Transactions as of
Sep 23, 2021
Transactions value $
$0
Form type
3
Date filed
9/23/2021, 05:42 PM
Next filing
Apr 2, 2024

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
holding DSAQ Class B Common Stock Sep 23, 2021 Class A Common Stock 5.75M See Footnote F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares of Class B common stock are convertible for shares of the Issuer's Class A common stock as described under the heading "Description of Securities" in the Issuer's Registration Statement on Form S-1 (File No. 333-258997) (the "Registration Statement") and have no expiration date. The shares of Class B common stock beneficially owned by the Reporting Person include up to 750,000 shares of Class B common stock subject to forfeiture to the Issuer depending on the extent to which the underwriter's over-allotment option is exercised in connection with the Issuer's initial public offering of units, as described in the Registration Statement.
F2 DSAC Partners LLC is the record holder of the securities reported herein. Dave Wentz is the manager of DSAC Partners LLC and has voting and investment discretion with respect to the securities held of record by DSAC Partners LLC.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney