SEC Form 4
FORM 4 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
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
  
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
TAYLOR GLEN A

(Last) (First) (Middle)
C/O 4875 WHITE BEAR PARKWAY

(Street)
WHITE BEAR LAKE MN 55110

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Envoy Medical, Inc. [ COCH ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
12/11/2024
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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
Class A Common Stock 2,953,607 D
Class A Common Stock 2,526,058 I By Taylor Sports Group(1)
Class A Common Stock 4,810,384 I By GAT Funding, LLC(2)
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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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 (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (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: 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
Series A Preferred Stock $11.5 (3) (3) Class A Common Stock 869,565 1,000,000 I GAT Funding, LLC(2)
Warrant (right to buy) $1.24 02/27/2024 02/27/2026 Class A Common Stock 500,000 500,000 I GAT Funding, LLC(2)
Warrant (right to buy) $3.04 05/23/2024 02/27/2026 Class A Common Stock 250,000 250,000 I GAT Funding, LLC(2)
Warrant (right to buy) $2.25 07/22/2024 02/27/2026 Class A Common Stock 250,000 250,000 I GAT Funding, LLC(2)
Warrant (right to buy) $2.97 08/27/2024 08/27/2026 Class A Common Stock 500,000 500,000 I GAT Funding, LLC(2)
Warrant (right to buy) $2.2 12/11/2024 A(4) 500,000 12/11/2024 08/27/2026 Class A Common Stock 500,000 $0 500,000 I GAT Funding, LLC(2)
Explanation of Responses:
1. The Reporting Person is the owner and chairman of Taylor Sports Group.
2. GAT Funding, LLC is an entity controlled by the Reporting Person.
3. Fully exercisable and there is no expiration date.
4. In connection with the Issuer's draw under the promissory note issued on August 27, 2024 to GAT Funding, LLC, this warrant was issued as a commitment fee, as described in more detail in Item 1.01 of the Issuer's 8-K as filed with the SEC on December 17, 2024.
/s/ Andrew Nick as Attorney-in-Fact for Glen A. Taylor pursuant to a Power of Attorney previously filed 12/17/2024
** Signature of Reporting Person Date
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).
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