secwatch.observer — SEC 8-K summary
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Issuer:     Banzai International, Inc. (BNZI)
CIK:        0001826011
Form:       8-K
Filed at:   2026-10-01T12:20:33+00:00
Accession:  0001493152-26-045262
Event type: other_material
Sentiment:  positive
Materiality: 0.30
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Banzai CEO Joe Davy buys 115,965 Class B shares at $0.70 in $81,176 private placement
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- Davy purchased 115,965 shares of Class B Common Stock at $0.70/share for an aggregate $81,176 in cash, priced at the consolidated closing bid of the Class A stock just before signing.
- After the purchase, Davy holds a 25.6% voting interest in Banzai's voting securities; he is CEO and Chairman of the Board, making this a related-party subscription.
- The Acquired Shares carry a six-month contractual lock-up from the closing date and were issued unregistered as a private placement to an accredited investor.
- Class B shares generally are not convertible into Class A stock except in limited circumstances under the charter, so Davy does not get Class A holder benefits.
- Closing occurs on a mutually agreed date with payment by wire; shares are delivered in book entry with a restrictive legend citing the Securities Act.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826011/000149315226045262/0001493152-26-045262-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826011/000149315226045262/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-045262

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