CP BF Lending Convertible Note Conversions and Stock Sales in Banzai International

CP BF Lending, LLC, a 10% owner of Banzai International, Inc. (BNZI), filed a Form 4 reporting significant convertible note conversions and stock sales on June 5, 2026. The filing details three separate convertible note conversions totaling 111,826 shares of Class A Common Stock, with conversion prices ranging from $4.3833 to $5.6953 per share. Following these conversions, CP BF Lending immediately sold the converted shares at prices between $4.614 and $5.995 per share, leaving only 4 shares remaining in each transaction. The convertible note, with $5.36 million outstanding, was amended on May 15, 2026 to reduce the floor price from $50.00 to $4.50 per share. The note matures on February 19, 2027. These transactions reflect the lender's exercise of conversion rights and subsequent liquidation of the converted shares.