Clay Whitehead - Feb 16, 2024 Form 4 Insider Report for Papaya Growth Opportunity Corp. I (PPYA)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Clay Whitehead
Stock symbol
PPYA
Transactions as of
Feb 16, 2024
Transactions value $
$0
Form type
4
Date filed
2/21/2024, 05:00 PM
Previous filing
Jan 19, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PPYA Class A Common Stock, par value $0.0001 Options Exercise +7.53M +674.93% 8.64M Feb 16, 2024 By Papaya Growth Opportunity I Sponsor, LLC F1, F2, F3

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 PPYA Class B Common Stock, par value $0.0001 Options Exercise $0 -7.53M -100% $0.00* 0 Feb 16, 2024 Class A Common Stock 7.53M By Papaya Growth Opportunity I Sponsor, LLC F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Papaya Growth Opportunity I Sponsor, LLC (the "Sponsor"), as the holder of 100% of the Issuer's shares of Class B common stock, determined to convert all outstanding shares of Class B common stock into shares of Class A common stock on a one-for-one basis. The shares of Class B common stock have no expiration date.
F2 The reporting person is the managing member of the Sponsor. As such, the reporting person has voting and investment discretion with respect to the common stock held of record by the Sponsor and may be deemed to have shared beneficial ownership of the common stock held directly by the Sponsor and disclaims any beneficial ownership of the reported common stock other than to the extent of any pecuniary interest he may have therein, directly or indirectly.
F3 Includes 1,115,500 units of the Issuer. Each unit consists of one share of the Issuer's Class A common stock and one-half of one redeemable warrant.