Manish Shah - Aug 30, 2022 Form 3 Insider Report for Iris Acquisition Corp (IRAA)

Role: Director
Signature: /s/ Manish Shah
Stock symbol: IRAA
Transactions as of: Aug 30, 2022
Transactions value $: $0
Form type: 3
Date filed: 9/14/2022, 02:55 PM

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	IRAA	Class B common stock							Aug 30, 2022	Class A common stock	0		See footnote	F1, F2

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

Explanation of Responses:

Id	Content
F1	As described in the issuer's registration statement on Form S-1 (File No. 333-252413) under the heading "Description of Securities," the shares of Class B common stock of the issuer will automatically convert into shares of Class A common stock of the issuer at the time of the issuer's initial business combination or earlier at the option of the holders thereof, on a one-for-one basis, subject to certain adjustments described therein, and have no expiration date.
F2	The reporting person has an indirect pecuniary interest in shares of Class B common stock of the issuer through his membership interest in Iris Acquisition Holdings LLC, over which the reporting person does not have voting or dispositive control. No securities are beneficially owned.

Content

As described in the issuer's registration statement on Form S-1 (File No. 333-252413) under the heading "Description of Securities," the shares of Class B common stock of the issuer will automatically convert into shares of Class A common stock of the issuer at the time of the issuer's initial business combination or earlier at the option of the holders thereof, on a one-for-one basis, subject to certain adjustments described therein, and have no expiration date.

The reporting person has an indirect pecuniary interest in shares of Class B common stock of the issuer through his membership interest in Iris Acquisition Holdings LLC, over which the reporting person does not have voting or dispositive control. No securities are beneficially owned.