AERT · Aeries Technology, Inc.
Substantial doubt about the company's ability to continue as a going concern.
“We have identified conditions and events that raise substantial doubt about our ability to continue as a going concern including obligations under the Forward Purchase Agreements and the termination of a significant customer contract”View the 10-K filed Jun 8, 2026
Trades by corporate insiders — officers, directors and holders of more than 10% of the shares — disclosed to the SEC on Forms 3, 4 and 5. Form 4 must be filed within two business days of the trade.
| Date | Insider | Role | Type | Security | Shares |
|---|---|---|---|---|---|
| 2026-05-28 | Khare Bhisham |
Director, Chief Executive Officer |
Award↑
Filing footnotes — Stock Option (Right to Buy) (Direct)
Award granted prior to Issuer implementing a 1-for-8 Share Consolidation effective June 12, 2026. Number of Share Options and Exercise Price reflect post-Share Consolidation adjustments. |
Stock Option (Right to Buy)
|
125,000 |
| 2025-11-24 | Webb Daniel S. |
CFO and CIO |
Sell↓
Filing footnotes — Class A Ordinary Shares (Direct)
This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 14, 2025. The price in Column 4 is a weighted average price, rounded to three decimals. These shares were sold in multiple transactions at prices ranging from $0.595 to $0.605, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this Footnote. |
Class A Ordinary Shares
|
50,000 |
| 2025-11-10 | Kumar Venu Raman |
Director, 10% Owner |
Buy↑
Filing footnotes — Class A Ordinary Shares (Direct)
The reporting person acknowledges that the transactions reported herein are matchable under Section 16(b) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). However, because the sales price for the reported transaction on November 10, 2025 was less than the purchase price for the reported transaction on November 10, 2025, no profit was realized by the reporting person and no amount is subject to disgorgement under Section 16(b) of the Exchange Act. The reporting person has agreed to voluntarily disgorge to Aeries Technology, Inc. any profits realized from matchable transactions occurring within six months of the reported transactions. |
Class A Ordinary Shares
|
1,111 |
| 2025-11-10 | Kumar Venu Raman |
Director, 10% Owner |
Sell↓
Filing footnotes — Class A Ordinary Shares (Direct)
The reporting person acknowledges that the transactions reported herein are matchable under Section 16(b) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). However, because the sales price for the reported transaction on November 10, 2025 was less than the purchase price for the reported transaction on November 10, 2025, no profit was realized by the reporting person and no amount is subject to disgorgement under Section 16(b) of the Exchange Act. The reporting person has agreed to voluntarily disgorge to Aeries Technology, Inc. any profits realized from matchable transactions occurring within six months of the reported transactions. |
Class A Ordinary Shares
|
10 |
| 2025-10-01 | Webb Daniel S. |
CFO and CIO |
Sell↓
Filing footnotes — Class A Ordinary Shares (Direct)
This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 14, 2025. The price in Column 4 is a weighted average price, rounded to three decimals. These shares were sold in multiple transactions at prices ranging from $0.6159 to $0.68285, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this Footnote. |
Class A Ordinary Shares
|
50,000 |
| 2025-09-22 | Khare Bhisham |
Director, Chief Executive Officer |
Other↓
Filing footnotes — Aeries Shares Call Exchange Right (Direct)
The Exchange Agreement provides that the Reporting Person may exercise his right to have the Issuer exchange his Aeries Shares for Class A Ordinary Shares upon the satisfaction of certain conditions included in the Exchange Agreement. The Issuer determined that the exercise conditions were satisfied as of March 26, 2024 and, pursuant to the terms of the Exchange Agreement, after April 1, 2024, the Reporting Person had the right to exchange 100% of his Aeries Shares. As previously reported, pursuant to the Exchange Agreement, the Issuer had an Aeries Share Call Exchange Right to effect the Exchange. Upon the Reporting Person's exercise of the Aeries Shares Put Exchange Right, the Issuer's Aeries Shares Call Exchange Right with respect to such Aeries Shares was terminated. |
Aeries Shares Call Exchange Right
|
59,110 |
| 2025-09-22 | Khare Bhisham |
Director, Chief Executive Officer |
Convert↑
Filing footnotes — Class A Ordinary Shares (Direct)
On September 22, 2025, pursuant to the terms of certain Exchange Agreement, dated as of November 6, 2023 (as amended, the "Exchange Agreement"), by and among Aeries Technology, Inc. (the "Issuer"), Aeries Technology Group Business Accelerators Private Limited ("Aeries"), the Reporting Person, and the other parties thereto, the Reporting Person exercised his right to exchange 59,110 ordinary shares of Aeries, par value INR 10 per share (the "Aeries Shares"), for Class A ordinary shares, par value $0.0001 per share ("Class A Ordinary Shares") of the Issuer, at an exchange rate of 14.40 Class A Ordinary Shares for each Aeries Share (the "Exchange"). |
Class A Ordinary Shares
|
851,184 |
| 2025-09-22 | Khare Bhisham |
Director, Chief Executive Officer |
Convert↓
Filing footnotes — Aeries Shares Put Exchange Right (Direct)
On September 22, 2025, pursuant to the terms of certain Exchange Agreement, dated as of November 6, 2023 (as amended, the "Exchange Agreement"), by and among Aeries Technology, Inc. (the "Issuer"), Aeries Technology Group Business Accelerators Private Limited ("Aeries"), the Reporting Person, and the other parties thereto, the Reporting Person exercised his right to exchange 59,110 ordinary shares of Aeries, par value INR 10 per share (the "Aeries Shares"), for Class A ordinary shares, par value $0.0001 per share ("Class A Ordinary Shares") of the Issuer, at an exchange rate of 14.40 Class A Ordinary Shares for each Aeries Share (the "Exchange"). The Exchange Agreement provides that the Reporting Person may exercise his right to have the Issuer exchange his Aeries Shares for Class A Ordinary Shares upon the satisfaction of certain conditions included in the Exchange Agreement. The Issuer determined that the exercise conditions were satisfied as of March 26, 2024 and, pursuant to the terms of the Exchange Agreement, after April 1, 2024, the Reporting Person had the right to exchange 100% of his Aeries Shares. As previously reported, pursuant to the Exchange Agreement, the Issuer had an Aeries Share Call Exchange Right to effect the Exchange. Upon the Reporting Person's exercise of the Aeries Shares Put Exchange Right, the Issuer's Aeries Shares Call Exchange Right with respect to such Aeries Shares was terminated. |
Aeries Shares Put Exchange Right
|
59,110 |
| 2025-09-10 | Webb Daniel S. |
CFO and CIO |
Sell↓
Filing footnotes — Class A Ordinary Shares (Direct)
This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 14, 2025. The price in Column 4 is a weighted average price, rounded to four decimals. These shares were sold in multiple transactions at prices ranging from $0.5953 to $0.6015, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this Footnote. |
Class A Ordinary Shares
|
14,595 |
| 2025-09-09 | Dasgupta Biswajit |
Director |
Award↑
Filing footnotes — Class A Ordinary Shares (Direct)
Represents restricted stock units granted to the Reporting Person on September 9, 2025 (the "Grant Date"), which convert to Class A ordinary shares, par value $0.0001, of Aeries Technology, Inc. on a one-for-one basis, and which vested in full on the Grant Date. |
Class A Ordinary Shares
|
125,000 |
| 2025-09-09 | Shapiro Nina B. |
Director |
Award↑
Filing footnotes — Class A Ordinary Shares (Direct)
Represents restricted stock units granted to the Reporting Person on September 9, 2025 (the "Grant Date"), which convert to Class A ordinary shares, par value $0.0001, of Aeries Technology, Inc. on a one-for-one basis, and which vested in full on the Grant Date. |
Class A Ordinary Shares
|
125,000 |
| 2025-09-09 | Kochhar Alok |
Director |
Award↑
Filing footnotes — Class A Ordinary Shares (Direct)
Represents restricted stock units granted to the Reporting Person on September 9, 2025 (the "Grant Date"), which convert to Class A ordinary shares, par value $0.0001, of Aeries Technology, Inc. on a one-for-one basis, and which vested in full on the Grant Date. |
Class A Ordinary Shares
|
125,000 |
| 2025-09-02 | Webb Daniel S. |
CFO and CIO |
Sell↓
Filing footnotes — Class A Ordinary Shares (Direct)
This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 14, 2025. The price in Column 4 is a weighted average price, rounded to three decimals. These shares were sold in multiple transactions at prices ranging from $0.56 to $0.7311, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this Footnote. |
Class A Ordinary Shares
|
35,405 |
| 2025-03-10 | Khare Bhisham |
Director, Chief Executive Officer |
Tax↓
Filing footnotes — Class A Ordinary Shares (Direct)
Represents shares that were withheld by the company to cover tax liability upon settlement of restricted stock units. |
Class A Ordinary Shares
|
810,003 |
| 2025-03-10 | Nambiar Unnikrishnan |
Chief Technology Officer |
Tax↓
Filing footnotes — Class A Ordinary Shares (Direct)
Represents shares that were withheld by the company to cover tax liability upon settlement of restricted stock units. |
Class A Ordinary Shares
|
240,087 |
| 2025-03-10 | Webb Daniel S. |
CFO and CIO |
Tax↓
Filing footnotes — Class A Ordinary Shares (Direct)
Represents shares that were withheld by the company to cover tax liability upon settlement of restricted stock units. |
Class A Ordinary Shares
|
218,909 |
| 2025-02-24 | Nambiar Unnikrishnan |
Chief Technology Officer |
Tax↓
Filing footnotes — Class A Ordinary Shares (Direct)
Represents shares that are withheld by the company to cover tax liability upon settlement of restricted stock units. Includes (i) 8,838 Class A ordinary shares and (ii) 645,847 restricted stock units. |
Class A Ordinary Shares
|
6,162 |
| 2025-02-24 | Khare Bhisham |
Director, Chief Executive Officer |
Tax↓
Filing footnotes — Class A Ordinary Shares (Direct)
Represents shares that are withheld by the company to cover tax liability upon settlement of restricted stock units. Includes (i) 9,899 Class A ordinary shares, and (ii) 2,456,360 restricted stock units. |
Class A Ordinary Shares
|
5,101 |
| 2025-02-24 | Webb Daniel S. |
CFO and CIO |
Tax↓
Filing footnotes — Class A Ordinary Shares (Direct)
Represents shares that are withheld by the company to cover tax liability upon settlement of restricted stock units. Includes (i) 569,870 Class A ordinary shares and (ii) 732,815 restricted stock units. |
Class A Ordinary Shares
|
5,130 |
| 2024-06-21 | Panikassery Sudhir |
Director, Chief Executive Officer, 10% Owner |
Convert↑
|
Class A ordinary shares
|
5,151,005 |
| 2024-06-21 | Panikassery Sudhir |
Director, Chief Executive Officer, 10% Owner |
Convert↓
|
Nonstatutory Share Option (right to buy)
|
5,151,005 |
| 2024-06-08 | Panikassery Sudhir |
Director, Chief Executive Officer, 10% Owner |
Award↑
|
Nonstatutory Share Option (right to buy)
|
5,151,005 |
| 2024-05-22 | Webb Daniel S. |
CFO and CIO |
Award↑
Filing footnotes — Class A Ordinary Shares (Direct)
Includes: (a) 560,000 Class A ordinary shares; and (b) 747,815 vested Class A ordinary shares from an award of 747,815 restricted stock units granted on 05/22/24, to be settled in a number of substantially equal monthly installments between August 15, 2024 and March 15, 2025. |
Class A Ordinary Shares
|
747,815 |
| 2024-05-22 | Nambiar Unnikrishnan |
Chief Technology Officer |
Award↑
Filing footnotes — Class A Ordinary Shares (Direct)
Represents 660,847 vested Class A ordinary shares from an award of 660,847 restricted stock units granted on 05/22/24, to be settled in a number of substantially equal monthly installments between August 15, 2024 and March 15, 2025. |
Class A Ordinary Shares
|
660,847 |
| 2024-05-22 | Khare Bhisham |
Director, Chief Executive Officer |
Award↑
Filing footnotes — Class A Ordinary Shares (Direct)
Represents 2,471,360 vested Class A ordinary shares from an award of 2,471,360 restricted stock units granted on 05/22/24, to be settled in a number of substantially equal monthly installments between August 15, 2024 and March 15, 2025. |
Class A Ordinary Shares
|
2,471,360 |
| 2024-04-05 | Kumar Venu Raman |
Director, 10% Owner |
Convert↑
Filing footnotes — Class A Ordinary Shares (Direct)
Pursuant to the terms and subject to the restrictions set forth in that certain Exchange Agreement, dated as of November 6, 2023 (as amended, the "Exchange Agreement"), by and among Aeries Technology, Inc. (the "Issuer"), Aark Singapore Pte. Ltd. ("AARK"), and Venu Raman Kumar ("Mr. Kumar"), the reporting person has a put exchange right, subject to certain exercise conditions, to exchange the reporting person's ordinary shares of AARK, par value SGD1.00 per share (the "AARK Shares"), for Class A ordinary shares, par value $0.0001 per share ("Class A Ordinary Shares") of the Issuer, at an exchange rate of 2,246 Class A Ordinary Shares for each AARK Share. The Issuer also has a call exchange right under the Exchange Agreement, subject to the exercise conditions, to require the reporting person to exchange up to all of the reporting person's AARK Shares for Class A Ordinary Shares. (Continued from footnote 1) Pursuant to the Exchange Agreement, prior to April 1, 2024, subject to the exercise conditions in the Exchange Agreement, the reporting person had the right to exchange up to 20% of the AARK Shares and, on and after April 1, 2024, the reporting person has the right to exchange 100% of the AARK Shares. In addition, subject to certain conditions, either the call exchange or put exchange may be settled with a cash exchange payment calculated as the arithmetic average of the volume-weighted average price of Class A Ordinary Shares for the five consecutive trading days ending on the date that is two business days after the reporting person delivers notice of the exercise of the put exchange. The Issuer determined that the exercise conditions to the exchange rights were satisfied on March 26, 2024. (Continued from footnote 1) On April 5, 2024, Mr. Kumar delivered to the Issuer an exchange notice to exchange an aggregate amount of 9,500 AARK Shares and received 21,377,000 Class A Ordinary Shares. As of the date of this Form 4, the reporting person retains the right to exchange the remaining 500 AARK Shares for 1,123,000 Class A Ordinary Shares. |
Class A Ordinary Shares
|
21,337,000 |
| 2024-04-05 | Kumar Venu Raman |
Director, 10% Owner |
Convert↓
Filing footnotes — AARK Shares Put Exchange Right (Direct)
Pursuant to the terms and subject to the restrictions set forth in that certain Exchange Agreement, dated as of November 6, 2023 (as amended, the "Exchange Agreement"), by and among Aeries Technology, Inc. (the "Issuer"), Aark Singapore Pte. Ltd. ("AARK"), and Venu Raman Kumar ("Mr. Kumar"), the reporting person has a put exchange right, subject to certain exercise conditions, to exchange the reporting person's ordinary shares of AARK, par value SGD1.00 per share (the "AARK Shares"), for Class A ordinary shares, par value $0.0001 per share ("Class A Ordinary Shares") of the Issuer, at an exchange rate of 2,246 Class A Ordinary Shares for each AARK Share. The Issuer also has a call exchange right under the Exchange Agreement, subject to the exercise conditions, to require the reporting person to exchange up to all of the reporting person's AARK Shares for Class A Ordinary Shares. (Continued from footnote 1) Pursuant to the Exchange Agreement, prior to April 1, 2024, subject to the exercise conditions in the Exchange Agreement, the reporting person had the right to exchange up to 20% of the AARK Shares and, on and after April 1, 2024, the reporting person has the right to exchange 100% of the AARK Shares. In addition, subject to certain conditions, either the call exchange or put exchange may be settled with a cash exchange payment calculated as the arithmetic average of the volume-weighted average price of Class A Ordinary Shares for the five consecutive trading days ending on the date that is two business days after the reporting person delivers notice of the exercise of the put exchange. The Issuer determined that the exercise conditions to the exchange rights were satisfied on March 26, 2024. (Continued from footnote 1) On April 5, 2024, Mr. Kumar delivered to the Issuer an exchange notice to exchange an aggregate amount of 9,500 AARK Shares and received 21,377,000 Class A Ordinary Shares. As of the date of this Form 4, the reporting person retains the right to exchange the remaining 500 AARK Shares for 1,123,000 Class A Ordinary Shares. |
AARK Shares Put Exchange Right
|
9,500 |
| 2024-03-26 | Kumar Venu Raman |
Director, 10% Owner |
Award↑
Filing footnotes — AARK Shares Put Exchange Right (Direct)
Pursuant to the terms and subject to the restrictions set forth in that certain Exchange Agreement, dated as of November 6, 2023 (the "Exchange Agreement"), by and among Aeries Technology, Inc. (the "Issuer"), Aark Singapore Pte. Ltd. ("AARK"), and Venu Raman Kumar, the reporting person has a put exchange right, subject to certain exercise conditions, to exchange the reporting person's ordinary shares of AARK, par value SGD1.00 per share (the "AARK Shares"), for Class A ordinary shares, par value $0.0001 per share ("Class A Ordinary Shares") of the Issuer, at an exchange rate of approximately 2,246 Class A Ordinary Shares for each AARK Share. The Issuer also has a call exchange right under the Exchange Agreement, subject to the exercise conditions, to require the reporting person to exchange up to all of the reporting person's AARK Shares for Class A Ordinary Shares or a cash exchange payment. (Continued from footnote 1) The Issuer determined that the exercise conditions to the exchange rights were satisfied on March 26, 2024. As of the date of this Form 4, the reporting person has the right to exchange up to 20% of the AARK Shares and, on and after April 1, 2024, the reporting person has the right to exchange 100% of the AARK Shares. In addition, subject to certain conditions, either the call exchange or put exchange may be settled with a cash exchange payment calculated as the arithmetic average of the volume-weighted average price of Class A Ordinary Shares for the five (5) consecutive trading days ending on the date that is two (2) business days after the reporting person delivers notice of the exercise of the put exchange. |
AARK Shares Put Exchange Right
|
10,000 |
| 2024-03-26 | Khare Bhisham |
Director, Chief Executive Officer |
Other↑
Filing footnotes — Aeries Shares Call Exchange Right (Direct)
Pursuant to the terms and subject to the restrictions set forth in that certain Exchange Agreement, dated as of November 6, 2023 (as amended, the "Exchange Agreement"), by and among Aeries Technology, Inc. (the "Issuer"), Aeries Technology Group Business Accelerators Private Limited ("Aeries"), the reporting person, and the other parties thereto, the reporting person has a put exchange right, subject to certain exercise conditions, to exchange the reporting person's ordinary shares of Aeries, par value of INR 10 per share (the "Aeries Shares"), for Class A ordinary shares, par value $0.0001 per share ("Class A Ordinary Shares") of the Issuer, at an exchange rate of 14.40 Class A Ordinary Shares for each Aeries Share. The Issuer also has a call exchange right under the Exchange Agreement, subject to the exercise conditions, to require the reporting person to exchange up to all of the reporting person's Aeries Shares for Class A Ordinary Shares. (Continued from footnote 1) The Issuer determined that the exercise conditions to the exchange rights were satisfied on March 26, 2024. After April 1, 2024, the reporting person has the right to exchange 100% of the Aeries Shares. In addition, subject to certain conditions, either the call exchange or put exchange may be settled with a cash exchange payment calculated as the arithmetic average of the volume-weighted average price of Class A Ordinary Shares for the five (5) consecutive trading days ending on the date that is two (2) business days after the reporting person delivers notice of the exercise of the put exchange. On March 28, 2024, the reporting person filed a Form 4 with an inadvertent rounding error in the application of the exchange ratio. This amendment reported the updated "Amount of Number of Shares" after applying the exchange ratio of 14.40 Class A ordinary shares of the Issuer for each ordinary share of Aeries in accordance with the Exchange Agreement. |
Aeries Shares Call Exchange Right
|
59,110 |
| 2024-03-26 | Khare Bhisham |
Director, Chief Executive Officer |
Award↑
Filing footnotes — Aeries Shares Put Exchange Right (Direct)
Pursuant to the terms and subject to the restrictions set forth in that certain Exchange Agreement, dated as of November 6, 2023 (as amended, the "Exchange Agreement"), by and among Aeries Technology, Inc. (the "Issuer"), Aeries Technology Group Business Accelerators Private Limited ("Aeries"), the reporting person, and the other parties thereto, the reporting person has a put exchange right, subject to certain exercise conditions, to exchange the reporting person's ordinary shares of Aeries, par value of INR 10 per share (the "Aeries Shares"), for Class A ordinary shares, par value $0.0001 per share ("Class A Ordinary Shares") of the Issuer, at an exchange rate of 14.40 Class A Ordinary Shares for each Aeries Share. The Issuer also has a call exchange right under the Exchange Agreement, subject to the exercise conditions, to require the reporting person to exchange up to all of the reporting person's Aeries Shares for Class A Ordinary Shares. (Continued from footnote 1) The Issuer determined that the exercise conditions to the exchange rights were satisfied on March 26, 2024. After April 1, 2024, the reporting person has the right to exchange 100% of the Aeries Shares. In addition, subject to certain conditions, either the call exchange or put exchange may be settled with a cash exchange payment calculated as the arithmetic average of the volume-weighted average price of Class A Ordinary Shares for the five (5) consecutive trading days ending on the date that is two (2) business days after the reporting person delivers notice of the exercise of the put exchange. On March 28, 2024, the reporting person filed a Form 4 with an inadvertent rounding error in the application of the exchange ratio. This amendment reported the updated "Amount of Number of Shares" after applying the exchange ratio of 14.40 Class A ordinary shares of the Issuer for each ordinary share of Aeries in accordance with the Exchange Agreement. |
Aeries Shares Put Exchange Right
|
59,110 |
| 2024-03-26 | Khare Bhisham |
Director, Chief Executive Officer |
Other↑
Filing footnotes — Aeries Shares Call Exchange Right (Indirect)
Pursuant to the terms and subject to the restrictions set forth in that certain Exchange Agreement, dated as of November 6, 2023 (as amended, the "Exchange Agreement"), by and among Aeries Technology, Inc. (the "Issuer"), Aeries Technology Group Business Accelerators Private Limited ("Aeries"), the reporting person, and the other parties thereto, the reporting person has a put exchange right, subject to certain exercise conditions, to exchange the reporting person's ordinary shares of Aeries, par value of INR 10 per share (the "Aeries Shares"), for Class A ordinary shares, par value $0.0001 per share ("Class A Ordinary Shares") of the Issuer, at an exchange rate of 14.40 Class A Ordinary Shares for each Aeries Share. The Issuer also has a call exchange right under the Exchange Agreement, subject to the exercise conditions, to require the reporting person to exchange up to all of the reporting person's Aeries Shares for Class A Ordinary Shares. (Continued from footnote 1) The Issuer determined that the exercise conditions to the exchange rights were satisfied on March 26, 2024. After April 1, 2024, the reporting person has the right to exchange 100% of the Aeries Shares. In addition, subject to certain conditions, either the call exchange or put exchange may be settled with a cash exchange payment calculated as the arithmetic average of the volume-weighted average price of Class A Ordinary Shares for the five (5) consecutive trading days ending on the date that is two (2) business days after the reporting person delivers notice of the exercise of the put exchange. On March 28, 2024, the reporting person filed a Form 4 with an inadvertent rounding error in the application of the exchange ratio. This amendment reported the updated "Amount of Number of Shares" after applying the exchange ratio of 14.40 Class A ordinary shares of the Issuer for each ordinary share of Aeries in accordance with the Exchange Agreement. Represents Class A Ordinary Shares issuable pursuant to the exercise of exchange rights with respect to Aeries Shares held by the Aeries Employee Stock Option Trust ("ESOP Trust") for which the reporting is person is a beneficiary and assumes distribution of such Aeries Shares by the ESOP Trust to the reporting person prior to an exchange for Class A Ordinary Shares. |
Aeries Shares Call Exchange Right
(I)
|
59,110 |
| 2024-03-26 | Khare Bhisham |
Director, Chief Executive Officer |
Award↑
Filing footnotes — Aeries Shares Put Exchange Right (Indirect)
Pursuant to the terms and subject to the restrictions set forth in that certain Exchange Agreement, dated as of November 6, 2023 (as amended, the "Exchange Agreement"), by and among Aeries Technology, Inc. (the "Issuer"), Aeries Technology Group Business Accelerators Private Limited ("Aeries"), the reporting person, and the other parties thereto, the reporting person has a put exchange right, subject to certain exercise conditions, to exchange the reporting person's ordinary shares of Aeries, par value of INR 10 per share (the "Aeries Shares"), for Class A ordinary shares, par value $0.0001 per share ("Class A Ordinary Shares") of the Issuer, at an exchange rate of 14.40 Class A Ordinary Shares for each Aeries Share. The Issuer also has a call exchange right under the Exchange Agreement, subject to the exercise conditions, to require the reporting person to exchange up to all of the reporting person's Aeries Shares for Class A Ordinary Shares. (Continued from footnote 1) The Issuer determined that the exercise conditions to the exchange rights were satisfied on March 26, 2024. After April 1, 2024, the reporting person has the right to exchange 100% of the Aeries Shares. In addition, subject to certain conditions, either the call exchange or put exchange may be settled with a cash exchange payment calculated as the arithmetic average of the volume-weighted average price of Class A Ordinary Shares for the five (5) consecutive trading days ending on the date that is two (2) business days after the reporting person delivers notice of the exercise of the put exchange. On March 28, 2024, the reporting person filed a Form 4 with an inadvertent rounding error in the application of the exchange ratio. This amendment reported the updated "Amount of Number of Shares" after applying the exchange ratio of 14.40 Class A ordinary shares of the Issuer for each ordinary share of Aeries in accordance with the Exchange Agreement. Represents Class A Ordinary Shares issuable pursuant to the exercise of exchange rights with respect to Aeries Shares held by the Aeries Employee Stock Option Trust ("ESOP Trust") for which the reporting is person is a beneficiary and assumes distribution of such Aeries Shares by the ESOP Trust to the reporting person prior to an exchange for Class A Ordinary Shares. |
Aeries Shares Put Exchange Right
(I)
|
59,110 |
| 2024-03-26 | Kumar Venu Raman |
Director, 10% Owner |
Other↑
Filing footnotes — AARK Shares Call Exchange Right (Direct)
Pursuant to the terms and subject to the restrictions set forth in that certain Exchange Agreement, dated as of November 6, 2023 (the "Exchange Agreement"), by and among Aeries Technology, Inc. (the "Issuer"), Aark Singapore Pte. Ltd. ("AARK"), and Venu Raman Kumar, the reporting person has a put exchange right, subject to certain exercise conditions, to exchange the reporting person's ordinary shares of AARK, par value SGD1.00 per share (the "AARK Shares"), for Class A ordinary shares, par value $0.0001 per share ("Class A Ordinary Shares") of the Issuer, at an exchange rate of approximately 2,246 Class A Ordinary Shares for each AARK Share. The Issuer also has a call exchange right under the Exchange Agreement, subject to the exercise conditions, to require the reporting person to exchange up to all of the reporting person's AARK Shares for Class A Ordinary Shares or a cash exchange payment. (Continued from footnote 1) The Issuer determined that the exercise conditions to the exchange rights were satisfied on March 26, 2024. As of the date of this Form 4, the reporting person has the right to exchange up to 20% of the AARK Shares and, on and after April 1, 2024, the reporting person has the right to exchange 100% of the AARK Shares. In addition, subject to certain conditions, either the call exchange or put exchange may be settled with a cash exchange payment calculated as the arithmetic average of the volume-weighted average price of Class A Ordinary Shares for the five (5) consecutive trading days ending on the date that is two (2) business days after the reporting person delivers notice of the exercise of the put exchange. |
AARK Shares Call Exchange Right
|
10,000 |
| 2023-11-08 | Webb Daniel S. |
CFO and CIO |
Other↓
Filing footnotes — Class B ordinary shares (Indirect)
Each Class B ordinary share was converted into one Class A ordinary share of the Issuer in connection with the consummation of the Issuer's initial business combination. The Class B ordinary shares were automatically convertible into Class A ordinary shares at the time of the Issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to certain adjustments, and had no expiration date. Worldwide Webb Acquisition Sponsor, LLC ("Sponsor") is the record holder of the securities reported herein. The Reporting Person is the manager of Sponsor. The Reporting Person, by virtue of his control over Sponsor may be deemed to beneficially own Class B ordinary shares and private placement warrants held by Sponsor. The Reporting Person disclaims any beneficial ownership of the reported securities other than to the extent of any pecuniary interest he may have therein. |
Class B ordinary shares
(I)
|
1,500,000 |
| 2023-11-08 | Webb Daniel S. |
CFO and CIO |
Other↓
Filing footnotes — Class B ordinary shares (Indirect)
Each Class B ordinary share was converted into one Class A ordinary share of the Issuer in connection with the consummation of the Issuer's initial business combination. On November 8, 2023, in connection with the closing of the Business Combination, Sponsor forfeited 3,000,000 Class B ordinary shares. The Class B ordinary shares were automatically convertible into Class A ordinary shares at the time of the Issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to certain adjustments, and had no expiration date. Worldwide Webb Acquisition Sponsor, LLC ("Sponsor") is the record holder of the securities reported herein. The Reporting Person is the manager of Sponsor. The Reporting Person, by virtue of his control over Sponsor may be deemed to beneficially own Class B ordinary shares and private placement warrants held by Sponsor. The Reporting Person disclaims any beneficial ownership of the reported securities other than to the extent of any pecuniary interest he may have therein. |
Class B ordinary shares
(I)
|
3,000,000 |
| 2023-11-08 | Worldwide Webb Acquisition Sponsor, LLC |
10% Owner |
Other↓
Filing footnotes — Class A ordinary shares (Direct)
On November 8, 2023, the Reporting Person effectuated a pro rata distribution of (i) 9,527,810 private placement warrants and (ii) 1,500,000 Class A ordinary shares to its members for no consideration. Daniel Webb is the manager of the Reporting Person. As such, Mr. Webb may be deemed to have beneficial ownership of the Class B ordinary shares and private placement warrants held directly by the Reporting Person. Mr. Webb disclaims any beneficial ownership of the reported securities other than to the extent of any pecuniary interest he may have therein. |
Class A ordinary shares
|
1,500,000 |
| 2023-11-08 | Kumar Venu Raman |
Director, 10% Owner |
Other↑
Filing footnotes — Class A Ordinary Shares (Indirect)
On November 8, 2023, in connection with the closing of the business combination, by and among Worldwide Webb Acquisition Corp., WWAC Amalgamation Sub Pte. Ltd. and Aark Singapore Pte. Ltd., pursuant to the Amendment No. 3 to the Business Combination Agreement, dated October 29, 2023, Innovo Consultancy DMCC, a company incorporated in Dubai, United Arab Emirates that is wholly owned by Venu Raman Kumar, received 5,638,530 Class A ordinary shares of Aeries Technology, Inc., and as such Mr. Kumar is deemed to have beneficial ownership of the 5,638,530 Class A ordinary shares issued to Innovo. The inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose. |
Class A Ordinary Shares
(I)
|
5,638,530 |
| 2023-11-08 | Worldwide Webb Acquisition Sponsor, LLC |
10% Owner |
Other↑
Filing footnotes — Class A ordinary shares (Direct)
Each Class B ordinary share was converted into one Class A ordinary share of the Issuer in connection with the consummation of the Issuer's initial business combination The Class B ordinary shares were automatically convertible into Class A ordinary shares at the time of the Issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to certain adjustments, and had no expiration date. Daniel Webb is the manager of the Reporting Person. As such, Mr. Webb may be deemed to have beneficial ownership of the Class B ordinary shares and private placement warrants held directly by the Reporting Person. Mr. Webb disclaims any beneficial ownership of the reported securities other than to the extent of any pecuniary interest he may have therein. |
Class A ordinary shares
|
1,500,000 |
| 2023-11-08 | Webb Daniel S. |
CFO and CIO |
Other↓
Filing footnotes — Private placement warrants (Indirect)
On November 8, 2023, Sponsor effectuated a pro rata distribution of (i) 9,527,810 private placement warrants and (ii) 1,500,000 Class A ordinary shares of the Issuer to its members, of which 560,000 Class A ordinary shares were distributed to the Reporting Person. Worldwide Webb Acquisition Sponsor, LLC ("Sponsor") is the record holder of the securities reported herein. The Reporting Person is the manager of Sponsor. The Reporting Person, by virtue of his control over Sponsor may be deemed to beneficially own Class B ordinary shares and private placement warrants held by Sponsor. The Reporting Person disclaims any beneficial ownership of the reported securities other than to the extent of any pecuniary interest he may have therein. |
Private placement warrants
(I)
|
9,527,810 |
| 2023-11-08 | Worldwide Webb Acquisition Sponsor, LLC |
10% Owner |
Other↓
Filing footnotes — Class B ordinary shares (Direct)
Each Class B ordinary share was converted into one Class A ordinary share of the Issuer in connection with the consummation of the Issuer's initial business combination On November 8, 2023, in connection with the closing of the Business Combination, the Reporting Person forfeited 3,000,000 Class B ordinary shares. The Class B ordinary shares were automatically convertible into Class A ordinary shares at the time of the Issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to certain adjustments, and had no expiration date. Daniel Webb is the manager of the Reporting Person. As such, Mr. Webb may be deemed to have beneficial ownership of the Class B ordinary shares and private placement warrants held directly by the Reporting Person. Mr. Webb disclaims any beneficial ownership of the reported securities other than to the extent of any pecuniary interest he may have therein. |
Class B ordinary shares
|
3,000,000 |
| 2023-11-08 | Worldwide Webb Acquisition Sponsor, LLC |
10% Owner |
Other↓
Filing footnotes — Class B ordinary shares (Direct)
Each Class B ordinary share was converted into one Class A ordinary share of the Issuer in connection with the consummation of the Issuer's initial business combination The Class B ordinary shares were automatically convertible into Class A ordinary shares at the time of the Issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to certain adjustments, and had no expiration date. Daniel Webb is the manager of the Reporting Person. As such, Mr. Webb may be deemed to have beneficial ownership of the Class B ordinary shares and private placement warrants held directly by the Reporting Person. Mr. Webb disclaims any beneficial ownership of the reported securities other than to the extent of any pecuniary interest he may have therein. |
Class B ordinary shares
|
1,500,000 |
| 2023-11-08 | Webb Daniel S. |
CFO and CIO |
Other↑
Filing footnotes — Class A Ordinary Shares (Direct)
On November 8, 2023, Sponsor effectuated a pro rata distribution of (i) 9,527,810 private placement warrants and (ii) 1,500,000 Class A ordinary shares of the Issuer to its members, of which 560,000 Class A ordinary shares were distributed to the Reporting Person. |
Class A Ordinary Shares
|
560,000 |
| 2023-11-08 | Worldwide Webb Acquisition Sponsor, LLC |
10% Owner |
Other↓
Filing footnotes — Private placement warrants (Direct)
On November 8, 2023, the Reporting Person effectuated a pro rata distribution of (i) 9,527,810 private placement warrants and (ii) 1,500,000 Class A ordinary shares to its members for no consideration. Daniel Webb is the manager of the Reporting Person. As such, Mr. Webb may be deemed to have beneficial ownership of the Class B ordinary shares and private placement warrants held directly by the Reporting Person. Mr. Webb disclaims any beneficial ownership of the reported securities other than to the extent of any pecuniary interest he may have therein. |
Private placement warrants
|
9,527,810 |
| 2023-11-06 | Shetkar Narayan |
Chief Strategy Officer |
Other↑
|
No Securities Owned
|
0 |
| 2023-11-06 | Panikassery Sudhir |
Director, Chief Executive Officer, 10% Owner |
Other↑
|
No Securities Owned
|
0 |
| 2023-11-06 | Kumar Venu Raman |
Director, 10% Owner |
Other↑
|
No Securities Owned
|
0 |
| 2023-11-06 | Nair Rajeev |
Chief Financial Officer |
Other↑
|
No Securities Owned
|
0 |
| 2023-11-06 | Venkataraman Ramesh |
Director |
Other↑
|
No Securities Owned
|
0 |
| 2023-11-06 | Nambiar Unnikrishnan |
Chief Technology Officer |
Other↑
|
No Securities Owned
|
0 |
| 2023-11-06 | Kochhar Alok |
Director |
Other↑
|
No Securities Owned
|
0 |