Sec Form 4 Filing - SCHEETZ EDWARD @ Presto Automation Inc. - 2022-09-21

Insider filing report for Changes in Beneficial Ownership
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: November 30, 2011
Estimated average burden hours per response... 0.5
1. Name and Address of Reporting Person
SCHEETZ EDWARD
2. Issuer Name and Ticker or Trading Symbol
Presto Automation Inc. [ PRST]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
985 INDUSTRIAL ROAD, SUITE 205
3. Date of Earliest Transaction (MM/DD/YY)
09/21/2022
(Street)
SAN CARLOS, CA94070
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 09/21/2022 S 686,592 D $ 0.0059 2,058,033 I See footnote( 1 )
Common Stock 09/21/2022 J( 2 ) 1,769,108 D $ 0 288,925 I See footnote( 1 )
Common Stock 326,702( 2 ) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Warrants to purchase Common Stock $ 11.5 09/21/2022 J( 3 ) 366,650 09/21/2022 09/21/2027 Common Stock 366,650 $ 0 4,083,350 I See footnote( 1 )
Warrants to purchase Common Stock $ 11.5 09/21/2022 S 333,350 09/21/2022 09/21/2027 Common Stock 333,350 $ 0 3,750,000 I See footnote( 1 )
Warrants to purchase Common Stock $ 11.5 09/21/2022 J( 4 ) 3,750,000 09/21/2022 09/21/2027 Common Stock 3,750,000 $ 0 0 I See footnote( 1 )
Warrants to purchase Common Stock $ 11.5 09/21/2022 09/21/2027 Common Stock 705,762 705,762( 4 ) D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
SCHEETZ EDWARD
985 INDUSTRIAL ROAD, SUITE 205
SAN CARLOS, CA94070
X X
Signatures
/s/ Stephen Perry, Attorney-in-fact 09/23/2022
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The shares reported are owned by Ventoux Acquisition Holdings LLC ("VAH"), for which the Reporting Person and Matthew MacDonald are the managing members and exercise voting and/or dispositive power with respect to such shares.
( 2 )Pro-rata in-kind distribution by VAH to its members. As a result of the distribution, Mr. Scheetz received 326,702 shares distributed by VAH and now owns those shares directly.
( 3 )Cancellation of warrants.
( 4 )Pro-rata in-kind distribution by VAH to its members. As a result of the distribution, Mr. Scheetz received 705,762 warrants distributed by VAH and now owns those warrants directly.

Remarks:
Exhibit List - Exhibit 24, Power of Attorney

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.