Koutsogiorgas George bought PNST

December 29, 2023 · Form 4 insider transaction

Koutsogiorgas George bought 95,997 shares of PNST, a transaction worth N/A. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 5 days after the transaction.

Direction
Acquired (buy-side)
Shares
95,997
Price
N/A
Total value
N/A
Role
CompanyPNST
SecurityClass A Common Stock
Transaction codeA: Grant or award
Transaction dateDecember 29, 2023
Filing dateJanuary 3, 2024
Shares owned after95,997
OwnershipDirect
10b5-1 planNo
AmendedNo

Footnotes

Consists of securities acquired in connection with the transactions consummated on December 29, 2023 (the "Closing Date"), pursuant to that certain Second Amended and Restated Business Combination Agreement dated November 22, 2023 (as amended from time to time, the "Business Combination Agreement") by and among Banyan Acquisition Corporation ("Banyan"), Panther Merger Sub, Inc., a wholly owned subsidiary of Banyan ("Merger Sub") and Pinstripes Inc. ("Pinstripes"), pursuant to which (i) Merger Sub merged with and into Pinstripes, with Pinstripes surviving as a wholly owned subsidiary of Banyan (the "Merger") and, after given effect to such Merger, continuing as a wholly owned subsidiary and (ii) Banyan changed its name to "Pinstripes Holdings, Inc." (the "Issuer") (the Merger and the other transactions contemplated by the Business Combination Agreement, the "Business Combination").; Pursuant to the Business Combination Agreement and in connection with the closing of the Business Combination, each share of Pinstripes capital stock outstanding as of immediately prior to the effective time of the Merger was converted into a right to receive 1.85 shares of Banyan Class A Common Stock for each share of Pinstripes capital stock (the "Exchange Ratio"). On the effective date of the Business Combination, the closing price of Banyan's common stock was $10.90 per share.

View the original Form 4 on SEC EDGAR