Edward Scheetz - Sep 21, 2022 Form 4 Insider Report for Presto Automation Inc. (PRST)

Role
Director, 10%+ Owner
Signature
/s/ Stephen Perry, Attorney-in-fact
Stock symbol
PRST
Transactions as of
Sep 21, 2022
Transactions value $
-$4,051
Form type
4
Date filed
9/23/2022, 06:51 PM
Next filing
Feb 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRST Common Stock Sale -$4.05K -687K -25.02% $0.01* 2.06M Sep 21, 2022 See footnote F1
transaction PRST Common Stock Other $0 -1.77M -85.96% $0.00 289K Sep 21, 2022 See footnote F1, F2
holding PRST Common Stock 327K Sep 21, 2022 Direct 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 PRST Warrants to purchase Common Stock Other $0 -367K -8.24% $0.00 4.08M Sep 21, 2022 Common Stock 367K $11.50 See footnote F1, F3
transaction PRST Warrants to purchase Common Stock Sale $0 -333K -8.16% $0.00 3.75M Sep 21, 2022 Common Stock 333K $11.50 See footnote F1
transaction PRST Warrants to purchase Common Stock Other $0 -3.75M -100% $0.00* 0 Sep 21, 2022 Common Stock 3.75M $11.50 See footnote F1, F4
holding PRST Warrants to purchase Common Stock 706K Sep 21, 2022 Common Stock 706K $11.50 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares reported are owned by Ventoux Acquisition Holdings LLC ("VAH"), for which the Reporting Person and Matthew MacDonald are the managing members and exercise voting and/or dispositive power with respect to such shares.
F2 Pro-rata in-kind distribution by VAH to its members. As a result of the distribution, Mr. Scheetz received 326,702 shares distributed by VAH and now owns those shares directly.
F3 Cancellation of warrants.
F4 Pro-rata in-kind distribution by VAH to its members. As a result of the distribution, Mr. Scheetz received 705,762 warrants distributed by VAH and now owns those warrants directly.

Remarks:

Exhibit List - Exhibit 24, Power of Attorney