Glen A. Taylor - Sep 29, 2023 Form 4 Insider Report for Envoy Medical, Inc. (ANZU)

Role
Director, 10%+ Owner
Signature
/s/ Andrew Nick as Attorney-in-Fact for Glen A. Taylor pursuant to a Power of Attorney previously filed
Stock symbol
ANZU
Transactions as of
Sep 29, 2023
Transactions value $
-$1,304,350
Form type
4
Date filed
10/3/2023, 06:32 PM
Next filing
Dec 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding ANZU Class A Common Stock 2.95M Sep 29, 2023 Direct
holding ANZU Class A Common Stock 2.53M Sep 29, 2023 By Taylor Sports Group F1
holding ANZU Class A Common Stock 4.81M Sep 29, 2023 By GAT Funding, LLC F2

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 ANZU $10,000,000 Convertible Note Conversion of derivative security -$10M -1M -100% $10.00 0 Sep 29, 2023 Series A Preferred Stock 1M Direct F3, F4
transaction ANZU Series A Preferred Stock Conversion of derivative security $8.7M +870K $10.00 870K Sep 29, 2023 Class A Common Stock 870K $11.50 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person is the owner and chairman of Taylor Sports Group.
F2 GAT Funding, LLC is an entity controlled by the Reporting Person.
F3 Represents the conversion of Reporting Person's $10,000,000 Envoy Bridge Note into shares of Series A Preferred Stock at $10 per share.
F4 Fully exercisable and there is no expiration date.