Inflection Point Acquisition (IPAX) director Blitzer received 18,321 shares

Insider transactions reported

Michael Blitzer (director at Inflection Point Acquisition Corp., IPAX) reported that they received 18,321 shares on Jun 23, 2023. After these transactions the filing shows 18,321 shares held directly.

Reporting person

Blitzer Michael

Holdings before and after

• Class A Common Stock: 0 to 18,321 direct

Other positions listed

• Class A Common Stock: 1,150,000 indirect, By Kingstown 1740 Fund L.P.
• Class A Common Stock: 8,243,750 indirect, By Inflection Point Holdings LLC

Footnotes from the filing

1. 1. Represents an award of restricted stock units ( RSUs ), each of which represents a contingent right to receive one share of Class A Common Stock. The RSUs will vest in full on the earlier to occur of the first anniversary of the grant date and the date of the next annual meeting following the grant date. The RSUs do not expire.
2. 2. Kingstown 1740 is the holder of the securities. Kingstown Capital Management, L.P. ( KCM ) is the investment manager of Kingstown 1740 and shares voting and investment discretion with respect to the securities held by Kingstown 1740. Kingstown Management GP LLC ( KMGP ) is the general partner of KCM and shares voting and investment discretion with respect to the ordinary shares held by Kingstown 1740. Kingstown Capital Partners LLC ( KCP ) is the general partner of Kingstown 1740. Michael Blitzer and Guy Shanon are the Managing Members of KMGP and share voting and investment discretion with respect to the ordinary shares held by Kingstown 1740.
3. 3. Inflection Point Holdings LLC (the Sponsor ) is the holder of the securities. KCM is the manager of the Sponsor and shares voting and investment discretion with respect to the securities held by the Sponsor. KMGP is the general partner of KCM and shares voting and investment discretion with respect to the securities held by the Sponsor. Michael Blitzer and Guy Shanon are the Managing Members of KMGP and share voting and investment discretion with respect to the securities held by the Sponsor.
4. 4. Each of KMGP, KCM, Michael Blitzer and Guy Shanon disclaims any beneficial ownership of the securities held by the Sponsor other than to the extent of any pecuniary interest it or he, as applicable, may have therein, directly or indirectly. Each of KCM, KMGP, KCP, Michael Blitzer and Guy Shanon disclaims any beneficial ownership of the securities held by Kingstown 1740 other than to the extent of any pecuniary interest it or he, as applicable, may have therein, directly or indirectly.

Transaction codes in this filing

Grant or award:

Code A marks a grant or award from the company under an exempt employee or director plan. Usually nothing is paid for it.

FAQ