Jian Zhang - Feb 17, 2023 Form 4 Insider Report for Distoken Acquisition Corp (DIST)

Role: CEO and Chairman, Director, 10%+ Owner
Signature: /s/ Jian Zhang
Stock symbol: DIST
Transactions as of: Feb 17, 2023
Transactions value $: $5,450,000
Form type: 4
Date filed: 2/21/2023, 08:00 PM
Previous filing: Feb 13, 2023
Next filing: Mar 25, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DIST	Ordinary Shares	Purchase	$5.45M	+545K	+31.59%	$10.00	2.27M	Feb 17, 2023	See footnote	F1, F2

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

Explanation of Responses:

Id	Content
F1	Consists of 545,000 placement units purchased by Xiaosen Sponsor LLC (the "Sponsor") for $10.00 per unit in a private placement transaction with the registrant. Each such unit consists of one ordinary share, one right and one warrant. Each right entitles the holder thereof to receive one-tenth (1/10) of one ordinary share upon the consummation of an initial business combination by the registrant. Each warrant entitles the holder to purchase one ordinary share at a price of $11.50 per share.
F2	The Sponsor is the record holder of the securities reported herein. Mr. Zhang, the Chairman and Chief Executive Officer of the registrant, is the sole manager of the Sponsor. He may be deemed the beneficial owner of the securities and has sole voting and dispositive control over such securities. Mr. Zhang disclaims beneficial ownership of the ordinary shares held by the Sponsor other than to the extent of his pecuniary interest in such shares.

Content

Consists of 545,000 placement units purchased by Xiaosen Sponsor LLC (the "Sponsor") for $10.00 per unit in a private placement transaction with the registrant. Each such unit consists of one ordinary share, one right and one warrant. Each right entitles the holder thereof to receive one-tenth (1/10) of one ordinary share upon the consummation of an initial business combination by the registrant. Each warrant entitles the holder to purchase one ordinary share at a price of $11.50 per share.

The Sponsor is the record holder of the securities reported herein. Mr. Zhang, the Chairman and Chief Executive Officer of the registrant, is the sole manager of the Sponsor. He may be deemed the beneficial owner of the securities and has sole voting and dispositive control over such securities. Mr. Zhang disclaims beneficial ownership of the ordinary shares held by the Sponsor other than to the extent of his pecuniary interest in such shares.