Form 4: Zapata Computing Holdings Inc. Director Reports Share Conversion
SEC Form 4
Director Zakary C. Brown reports the conversion of Class B Ordinary Shares into Common Stock of Zapata Computing Holdings Inc. following the closing of a business combination agreement.
Summary
- On March 28, 2024, Zakary C. Brown, a director of Zapata Computing Holdings Inc., reported a transaction involving the conversion of 25,000 Class B Ordinary Shares into Common Stock.
- This conversion occurred automatically upon the closing of transactions contemplated by the Business Combination Agreement dated September 6, 2023.
- The conversion was on a one-for-one basis.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a share conversion, which is a neutral event. There is no indication of positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to a corporate action (business combination) and its impact on the holdings of a company insider. It's standard practice for directors and officers to report changes in their beneficial ownership of company securities.
Stakeholder Impact
- The conversion of shares may have a minor impact on shareholders due to the change in the type of shares outstanding.
Key Dates
| Date | Description |
|---|---|
| 2023-09-06 | Date of the Business Combination Agreement among the Issuer and certain other parties. |
| 2024-03-28 | Date of the transaction where Class B Ordinary Shares were converted into Common Stock. |
| 2024-04-01 | Date of signature of the report. |
Keywords
Zapata Computing Holdings Inc., Zakary C. Brown, Form 4, Share Conversion, Class B Ordinary Shares, Common Stock, Business Combination Agreement, Director
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