Roy Kuan - Aug 16, 2021 Form 4 Insider Report for Generation Asia I Acquisition Ltd (GAQ)

Role
Chief Executive Officer, Director
Signature
/s/ Roy Kuan
Stock symbol
GAQ
Transactions as of
Aug 16, 2021
Transactions value $
-$14,073
Form type
4
Date filed
1/26/2022, 07:57 AM
Next filing
Jan 20, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GAQ Class B ordinary shares Disposed to Issuer $0 -1.44M -20% $0.00 5.75M Aug 16, 2021 See footnote F1, F2, F3
transaction GAQ Class B ordinary shares Other $0 -825K -14.35% $0.00 4.93M Aug 23, 2021 See footnote F1, F2, F4
transaction GAQ Class B ordinary shares Award $138 +1.38M +27.92% $0.00* 6.3M Aug 23, 2021 See footnote F1, F2, F5
transaction GAQ Class B ordinary shares Disposed to Issuer $0 -375K -5.95% $0.00 5.93M Oct 20, 2021 See footnote F1, F2, F3
transaction GAQ Class B ordinary shares Award $62.50 +625K +10.55% $0.00* 6.55M Oct 21, 2021 See footnote F1, F2, F5
transaction GAQ Class B ordinary shares Other -$14.3K -1.43M -21.79% $0.01* 5.12M Jan 24, 2022 See footnote F1, F2, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Class B ordinary shares will automatically convert into Class A ordinary shares concurrently with or immediately following the consummation of the initial business combination of Generation Asia I Acquisition Limited (the "Issuer") on a one-for-one basis, subject to adjustment, as described in the section entitled "Description of Securities" in the Issuer's registration statement on Form S-1 (File No. 333-260431) (the "Registration Statement").
F2 Reflects shares of the Issuer held of record by Generation Asia LLC (the "Sponsor"). The reporting person is the managing member of the Sponsor. The reporting person disclaims beneficial ownership of the securities reported herein, except to the extent of his pecuniary interest therein. The filing of this form shall not be deemed to be an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the reporting person is the beneficial owner of any securities reported herein.
F3 Represents forfeiture of Class B ordinary shares by the Sponsor to the Issuer.
F4 Represents a transfer of Class B ordinary shares by the Sponsor to certain forward purchasers for no cash consideration in connection with the Issuer entering into certain forward purchase agreements.
F5 Represents transfers of Class B ordinary shares by the Issuer to the Sponsor in connection with the Issuer entering into certain forward purchase agreements as described in the Registration Statement; such shares are subject to potential forfeiture by the Sponsor in connection with the Issuer's consummation of its initial business combination.
F6 Represents a transfer of Class B ordinary shares by the Sponsor to certain anchor investors pursuant to investment agreements entered into in connection with the Issuer's initial public offering as described in the Registration Statement. Under certain circumstances, a portion of the shares transferred must be transferred back to the Sponsor at a price of $0.01 per share.