Northern Star Investment Corp. IV (NSTD)

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	52.90 k	52.90 k	52.90 k	52.90 k	52.90 k	52.90 k
Cash burn (monthly)	70.62 k	28.47 k	(no burn)	(no burn)	121.36 mm	155.64 k
Cash used (since last report)	1.26 mm	506.54 k	n/a	n/a	2.16 bn	2.77 mm
Cash remaining	-1.20 mm	-453.63 k	n/a	n/a	-2.16 bn	-2.72 mm
Runway (months of cash)	-17.0	-15.9	n/a	n/a	-17.8	-17.5

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Financial data from company earnings reports.

Institutional ownership, Q2 2023

NSTD institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	54	52	+3.8%
Opened positions	3	3	–
Closed positions	1	59	-98.3%
Increased positions	3	1	+200.0%
Reduced positions	5	33	-84.8%

13F shares	Current	Prev Q	Change
Total value	515.66 mm	869.37 mm	-40.7%
Total shares	16.42 mm	16.03 mm	+2.4%
Total puts	0.00	0.00
Total calls	216.15 k	419.85 k	-48.5%
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Ledecky Jonathan J	9.71 mm	$98.25 mm	0.0%
Fitzgerald Securities Cantor	2.37 mm	$0.00	0.0%
PEAK6 Investments	499.70 k	$24.99 mm	0.0%
Diametric Capital	372.22 k	$21.53 mm	+0.1%
Sandia Investment Management	372.22 k	$21.53 mm	NEW
Aristeia Capital	321.92 k	$18.62 mm	0.0%
Cadian Capital Management	250.00 k	$14.46 mm	0.0%
NMR Nomura	233.33 k	$13.30 mm	0.0%
Periscope Capital	230.33 k	$13.30 mm	0.0%
Altshuler Shaham	217.62 k	$12.47 mm	0.0%

Largest transactions	Shares	Bought/sold	Change
Sandia Investment Management	372.22 k	+372.22 k	NEW
Kepos Capital	66.67 k	+66.67 k	NEW
Davidson Kempner Partners	0.00	-41.67 k	EXIT
CNH Partners	20.00 k	+20.00 k	NEW
Jane Street	37.81 k	-16.75 k	-30.7%
Susquehanna International	22.24 k	-6.10 k	-21.5%
Bulldog Investors	35.07 k	-2.27 k	-6.1%
Weiss Asset Management	28.68 k	-2.16 k	-7.0%
Flow Traders U.s.	15.67 k	+1.93 k	+14.1%
Diametric Capital	372.22 k	+192.00	+0.1%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

NSTD insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
25 Mar 24	James HR Brady	Class A Common Stock	Conversion	Acquire C	No	No	0	116,667	0.00	116,667
25 Mar 24	James HR Brady	Class B Common Stock Class A Common Stock	Conversion	Dispose C	No	No	0	116,667	0.00	0
25 Mar 24	Northern Star IV Sponsor	Class A Common Stock	Conversion	Acquire C	Yes	No	0	58,333	0.00	9,766,667
25 Mar 24	Northern Star IV Sponsor	Class B Common Stock Class A Common Stock	Conversion	Dispose C	Yes	No	0	58,333	0.00	0
14 Aug 23	Northern Star IV Sponsor	Class B Common Stock Class A Common Stock	Other	Acquire J	Yes	No	0.0025	58,333	145.83	58,333

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.