Springwater Promote LLC - May 15, 2023 Form 4 Insider Report for Springwater Special Situations Corp. (SWSS)

Role: 10%+ Owner
Signature: Martin Gruschka as Managing Member of Springwater Promote LLC
Stock symbol: SWSS
Transactions as of: May 15, 2023
Transactions value $: $0
Form type: 4
Date filed: 5/17/2023, 04:14 PM
Previous filing: Aug 25, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SWSS	Common stock	Other	$0	-950K	-19.38%	$0.00	3.95M	May 15, 2023	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	These shares of common stock (the "Shares") were transferred by Springwater Promote LLC ("Sponsor") for a purchase price equal to the price Sponsor originally paid for the Shares.
F2	The Shares are owned directly by Sponsor, a ten percent owner of the Issuer, and indirectly by its managing members, Martin Gruschka, a Director and the Chief Executive Officer of the Issuer, Alexander Greystoke, a Director of the Issuer, and Raghunath Kilambi, a Director of the Issuer. Each of the three managing members has one vote, and the approval of at least two of the three is required for approval of an action of the entity. Each of Messrs. Gruschka, Greystoke, and Kilambi disclaims beneficial ownership of the securities held by Sponsor, except to the extent of his pecuniary interest therein.

Content

These shares of common stock (the "Shares") were transferred by Springwater Promote LLC ("Sponsor") for a purchase price equal to the price Sponsor originally paid for the Shares.

The Shares are owned directly by Sponsor, a ten percent owner of the Issuer, and indirectly by its managing members, Martin Gruschka, a Director and the Chief Executive Officer of the Issuer, Alexander Greystoke, a Director of the Issuer, and Raghunath Kilambi, a Director of the Issuer. Each of the three managing members has one vote, and the approval of at least two of the three is required for approval of an action of the entity. Each of Messrs. Gruschka, Greystoke, and Kilambi disclaims beneficial ownership of the securities held by Sponsor, except to the extent of his pecuniary interest therein.