James Caldwell Flores - Nov 2, 2023 Form 4 Insider Report for Flame Acquisition Corp. (FLME)

Role: President
Signature: /s/ Gregory D. Patrinely, Attorney-in-Fact for James Caldwell Flores
Stock symbol: FLME
Transactions as of: Nov 2, 2023
Transactions value $: $162,185
Form type: 4
Date filed: 1/23/2024, 06:53 PM
Previous filing: Jan 23, 2024
Next filing: Feb 16, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FLME	Class A Common Stock	Conversion of derivative security		+71.9K			71.9K	Aug 22, 2023	Direct	F1
holding	FLME	Class A Common Stock						50K	Nov 2, 2023	By Family LLC

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	FLME	Class B Common Stock	Conversion of derivative security	$0	-71.9K	-100%	$0.00^*	0	Aug 22, 2023	Class A Common Stock	71.9K		Direct	F1
transaction	FLME	Warrants	Purchase	$162K	+215K		$0.75^*	215K	Nov 2, 2023	Class A Common Stock	215K	$11.50	By Family LLC	F2
holding	FLME	Warrants						77.5K	Nov 2, 2023	Class A Common Stock	77.5K	$11.50	Direct

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

Explanation of Responses:

Id	Content
F1	The Class B Common Stock automatically converts into the Issuer's Class A Common Stock at the time of the Issuer's initial business combination on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights, and has no expiration date.
F2	The price reported in Column 8 is a weighted average price. These warrants were purchased in multiple transactions at prices ranging from $0.64 to $0.77. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of warrants purchased at each separate price within the range set forth in this footnote.

Content

The Class B Common Stock automatically converts into the Issuer's Class A Common Stock at the time of the Issuer's initial business combination on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights, and has no expiration date.

The price reported in Column 8 is a weighted average price. These warrants were purchased in multiple transactions at prices ranging from $0.64 to $0.77. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of warrants purchased at each separate price within the range set forth in this footnote.