Sec Form 4 Filing - Chafets Shmuel @ Target Global Acquisition I Corp. - 2023-07-11

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Chafets Shmuel 2. Issuer Name and Ticker or Trading Symbol Target Global Acquisition I Corp. [ TGAA] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) Chief Executive Officer (Last) (First) (Middle) PO BOX 10176, GOVERNOR'S SQUARE, 23, LIME TREE BAY AVENUE 3. Date of Earliest Transaction (MM/DD/YY) 07/11/2023 (Street) GRAND CAYMAN, E9KY1-1002 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 ordinary shares 07/11/2023 C 100,000 A 100,000 D Class A ordinary shares 07/11/2023 C 5,072,415 A 5,072,415 I By Target Global Sponsor Ltd. ( 3 )

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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 7. Title and Amount of Underlying Securities (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 of Derivative Security: 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 Class B ordinary shares ( 1 ) 07/11/2023 C 100,000 ( 1 ) ( 1 ) Class A ordinary shares 100,000 $ 0 0 D Class B ordinary shares ( 1 ) 07/11/2023 C 5,072,415 ( 1 ) ( 1 ) Class A ordinary shares 5,072,415 $ 0 0 ( 2 ) I ( 2 ) By Target Global Sponsor Ltd. ( 3 )

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Chafets Shmuel PO BOX 10176, GOVERNOR'S SQUARE, 23 LIME TREE BAY AVENUE GRAND CAYMAN, E9KY1-1002 Chief Executive Officer Signatures /s/ Shmuel Chafets 08/07/2023 Signature of Reporting Person Date

Explanation of Responses:

( 1 )On July 11, 2023, each of the Reporting Person and Target Global Sponsor Ltd., a Cayman Islands exempt company ("Sponsor"), effected an automatic conversion of Class B ordinary shares on a one-for-one basis for the same number of Class A ordinary shares. The shares do not have any expiration date. ( 2 )The Reporting Person's prior reports included up to 750,000 Class B ordinary shares held directly by Sponsor that would be surrendered to the Issuer for no consideration by Sponsor depending on the extent to which the underwriters of the Issuer's initial public offering exercised their over-allotment option. On December 29, 2021, Sponsor forfeited and surrendered 377,585 Class B ordinary shares as a result of underwriter's partial exercise of its over-allotment option. ( 3 )Sponsor is the sponsor of the Issuer. Sponsor is controlled by Shmuel Chafets and Yaron Valler, who have voting and investment discretion in respect of the ordinary shares held by Sponsor and may be deemed to have shared beneficial ownership of such ordinary shares. Each of Shmuel Chafets and Yaron Valler disclaims beneficial ownership of the shares held by Sponsor except to the extent of his pecuniary interest therein, directly or indirectly.

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).

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