BINI · Bollinger Innovations, Inc.

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.5701 to $0.6149, inclusive. The Reporting Persons undertake 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 purchased at each separate price within the range set forth in footnote (1) of this Form 4.

The Reporting Persons' sales of the Issuer's common stock reported herein are matchable under Section 16(b) of the Securities Exchange Act of 1934 with the Reporting Persons' purchases of shares of the Issuer's common stock reported herein. The Reporting Persons intend to pay to the Issuer $2,895.53, representing the full amount of the profit realized in connection with the short-swing transactions.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $0.5701 to $1.1000, inclusive. The Reporting Persons undertake 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 range set forth in footnote (2) of this Form 4.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.85 to $5.96, 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 footnote 2 to this Form 4.

Shares granted pursuant to Issuer's 2022 Equity Incentive Plan.

Shares following transaction reflect 1:60 reverse stock split effected on February 18, 2025.

Shares granted pursuant to Issuer's 2022 Equity Incentive Plan.

Shares granted pursuant to Issuer's 2022 Equity Incentive Plan.

Share amounts and price do not give effect to 1:60 reverse stock split effected on February 18, 2025. Giving effect to the reverse stock split, amount sold was 2,548 shares at $52.27 and 169 shares following the transaction.

Share amount and price do not give effect to 1:60 reverse stock split effected on February 18, 2025. Giving effect to the reverse stock split, amount sold was 169 shares at $52.81.

Except as indicated in footnote 3, share amounts and price do not reflect reverse stock splits subsequent to date of sale. Shares held following transaction reflect amount as of such date.

Shares following transaction reflect 1:60 reverse stock split effected on February 18, 2025.

Shares granted pursuant to Issuer's 2022 Equity Incentive Plan.

Prior to the reported transaction, Mr. Betor held 140 shares, which takes into account the 1:100 reverse stock split effected on September 17, 2024.

Shares granted pursuant to Issuer's 2022 Equity Incentive Plan.

Prior to the reported transaction, Mr. Andersen held 163 shares, which takes into account the 1:100 reverse stock split effected on September 17, 2024.

Shares granted pursuant to Issuer's 2022 Equity Incentive Plan.

Shares granted pursuant to Issuer's 2022 Equity Incentive Plan.

Prior to the reported transaction, Mr. Miltner held 134 shares, which takes into account the 1:100 reverse stock split effected on September 17, 2024.

Shares granted pursuant to Issuer's 2022 Equity Incentive Plan.

Shares granted pursuant to Issuer's 2022 Equity Incentive Plan.

Prior to the reported transaction, Mr. Michery held 1,098 shares, which takes into account the 1:100 reverse stock splits effected on each of December 21, 2023 and September 17, 2024. The last Form 4 filed by Mr. Michery on November 2, 2023 included a typo in Colum 5 of Table I in that shares held following the reported transaction should be reported 10,979,671.

Shares granted pursuant to Performance Stock Award Agreement dated June 8, 2023.

Shares granted pursuant to the Performance Stock Award Agreement dated May 5, 2022.

Grant of shares of common stock pursuant to Issuer's 2022 Equity Incentive Plan, as amended.

Amount of shares granted gives effect to 1:100 reverse stock split effected on 9/21/24.

Reflects sale of an aggregate of 250 shares as reported by the Reporting Person on Form 4 filed on June 12, 2024.

Amount of shares granted and sold and prices give effect to 1:100 reverse stock split effected on 9/21/24.

Amount of shares granted and sold and prices give effect to 1:100 reverse stock split effected on 9/21/24.

Granted pursuant to Issuer's 2022 Equity Incentive Plan, as amended. Exercise price and share amounts reflect Issuer's 1-to-100 reverse stock split effectuated on September 17, 2024.

Vested immediately upon the grant date of May 17, 2024.

Grant of shares of common stock pursuant to Issuer's 2022 Equity Incentive Plan, as amended.

Amount of shares granted and sold and prices give effect to 1:100 reverse stock split effected on 9/21/24.

Share amounts and price give effect to 1:100 reverse stock split effected on September 17, 2024. Without giving effect to the reverse stock split, amount sold was 19 shares at $4.69.

Except as indicated in footnote 3, share amounts and price do not reflect reverse stock splits subsequent to date of sale. Shares held following transaction reflect amount as of such date.

Shares amounts and price give effect to 1:100 reverse stock split effected on September 17, 2024. Without giving effect to the reverse stock split, amount sold was 13,334 shares at $6.78.

Share amounts and price give effect to 1:100 reverse stock split effected on September 17, 2024. Without giving effect to the reverse stock split, amount sold was 13,334 shares at $6.6661.

Grant of shares of common stock pursuant to Issuer's 2022 Equity Incentive Plan, as amended.

Grant of shares of common stock pursuant to Issuer's 2022 Equity Incentive Plan, as amended.

Grant of shares of common stock pursuant to Issuer's 2022 Equity Incentive Plan, as amended.

Grant of shares of common stock pursuant to Issuer's 2022 Equity Incentive Plan, as amended.

Grant of shares of common stock pursuant to Issuer's 2022 Equity Incentive Plan, as amended.

Grant of shares of common stock pursuant to Issuer's 2022 Equity Incentive Plan, as amended.

Shares granted pursuant to Issuer's 2022 Equity Incentive Plan. No shares have been issued as of the date hereof.

Except as indicated in footnote 3, share amounts and price do not reflect reverse stock splits subsequent to date of sale. Shares held following transaction reflect amount as of such date.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $0.36 to $0.3436 (on a pre-split basis), 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 footnote 2 to this Form 4.

Shares amounts and price give effect to 1:100 reverse stock split effected on December 21, 2023 and to 1:100 reverse stock split effected on September 17, 2024. Without giving effect to the reverse stock splits, amount sold was 55,555 shares at $0.339.

Shares amounts and price give effect to 1:100 reverse stock split effected on December 21, 2023 and to 1:100 reverse stock split effected on September 17, 2024. Without giving effect to the reverse stock splits, amount sold was 57,000 shares at $0.4058.

Grant of shares of common stock pursuant to Issuer's 2022 Equity Incentive Plan, as amended.

Number of shares acquired has been adjusted to reflect Issuer's 1:100 reverse stock split effective December 21, 2023.

Grant of shares of common stock pursuant to Issuer's 2022 Equity Incentive Plan, as amended.

Number of shares acquired has been adjusted to reflect Issuer's 1:100 reverse stock split effective December 21, 2023.

Grant of shares of common stock pursuant to Issuer's 2022 Equity Incentive Plan, as amended.

Number of shares acquired has been adjusted to reflect Issuer's 1:100 reverse stock split effective December 21, 2023.

Grant of shares of common stock pursuant to Issuer's 2022 Equity Incentive Plan, as amended.

Number of shares acquired has been adjusted to reflect Issuer's 1:100 reverse stock split effective December 21, 2023.

Shares approved for issuance pursuant to a Performance Stock Award Agreement dated May 5, 2022. No shares have been issued as of the date hereof.