| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | BOC | Class B common stock, par value $0.001 per share | Other | $0 | -120K | -13.19% | $0.00 | 790K | May 9, 2024 | Direct | F1, F2, F3, F4, F5 |
| transaction | BOC | Class A common stock, par value $0.001 per share | Other | -$3.28M | -210K | -26.59% | $15.63 | 580K | May 9, 2024 | Direct | F3, F4, F5, F6, F9 |
| transaction | BOC | Class B common stock, par value $0.001 per share | Other | -$8.25M | -528K | -91.03% | $15.63 | 52K | May 9, 2024 | Direct | F3, F4, F5, F7, F9 |
| transaction | BOC | Warrants to Purchase Class B common stock, par value $0.001 | Other | -$813K | -52K | -100% | $15.63 | 0 | May 9, 2024 | Direct | F3, F4, F5, F8, F9 |
Alexander Buffett Rozek is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.
| Id | Content |
|---|---|
| F1 | On May 9, 2024, Boulderado Partners, LLC ("BP") redeemed interests of BP held by Alexander B. Rozek, in consideration of the distribution to Mr. Rozek of the shares of Class B common stock of the Issuer. BP, BC and BG disclaim beneficial ownership over such shares held by Mr. Rozek. |
| F2 | This is comprised of the 120,000 shares of Class B Common stock of the Issuer held by Mr. Rozek after the reported transaction and the fact that BP may be the beneficial owner of 669,774 shares of Common Stock that it holds (comprised of 407,780 shares of Class B Common Stock, 210,000 shares of Class A Common Stock and 51,994 Warrants to purchase Class B Common stock of the Issuer). |
| F3 | Boulderado Capital, LLC ("BC"), Boulderado Group, LLC ("BG") and Mr. Rozek disclaim beneficial ownership except to the extent of their respective pecuniary interests therein, and this report shall not be deemed an admission of beneficial ownership of these securities for Section 16 or for any other purposes. |
| F4 | Mr. Rozek previously served as a director of the Issuer and was the Co-Chief Executive Officer and Co-President of the Issuer. |
| F5 | The reported shares are directly owned by BP, other than the shares distributed to Mr. Rozek as described in footnote (1). BC is the managing member of BP. BG is the investment manager of BP. Mr. Rozek is the managing member of BP, BC and BG. BP, BC, BG and Mr. Rozek disclaim beneficial ownership except to the extent of their respective pecuniary interests therein, and this report shall not be deemed an admission of beneficial ownership of these securities for Section 16 or for any other purposes. |
| F6 | On May 9, 2024, BP sold all owned shares of Class A Common stock of the Issuer to the Issuer. |
| F7 | On May 9, 2024 BP and Mr. Rozek sold all owned shares of Class B Common stock of the Issuer to the Issuer. |
| F8 | On May 9, 2024 BP sold all owned Warrants to purchase Class B Common Stock of the Issuer to the Issuer. As a result, of this transaction and the transactions referenced above, none of Mr. Rozek, BP, BC or BG has any beneficial ownership of any securities of the Issuer. |
| F9 | The aggregate purchase price payable to Mr. Rozek is $9,175,600 and the aggregate purchase price payable to BP is $9,951,113.62. This was based on the 30-day Volume Weighted Average Price of the shares of Class A Common stock of the Issuer measured two trading days before the sale. Part of the consideration payable to Mr. Rozek for his shares of Class B Common Stock includes a blocking/control premium of $7,300,000 which was determined using a valuation provided by The Brattle Group, a firm specializing in valuations of equity instruments. |