Waldencast Long-Term Capital LLC → Waldencast plc WALDW

Item 4 of the Schedule 13D is hereby amended to add the following language: As previously disclosed in the Schedule 13D, pursuant to the Forward Purchase Transaction, Beauty Ventures LLC received an aggregate of (x) 17,300,000 Class A Shares and (y) 5,766,666 Private Placement Warrants. Pursuant to the amended and restated limited liability company agreement for Beauty Ventures LLC, dated March 1, 2021, as amended (the "LLC Agreement"), a member of Beauty Ventures LLC may request a disposition of all or a portion of the Class A Shares or Private Placement Warrants in the member's respective capital accounts (a "Disposition Request"). Such Disposition Request, at the discretion of the managing member, involves the transfer of the Class A Shares and/ or Private Placement Warrants directly to such requesting member. Upon such transfer, the Reporting Persons no longer beneficially own such transferred Class A Shares or Private Placement Warrants. Certain members of Beauty Ventures LLC may submit Disposition Requests from time to time that would result in additional transfers of Class A Shares or Private Placement Warrants from the Reporting Persons to such members.