# EDGAR Filing Document

**Accession Number:** 0001859560
**File Stem:** 0001140361-23-008295
**Filing Date:** 2023-2
**Character Count:** 7983
**Document Hash:** 75e3a4d9be708397b23ed2cec7cd963e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001140361-23-008295.hdr.sgml**: 20230223

**ACCESSION NUMBER**: 0001140361-23-008295

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230221

**FILED AS OF DATE**: 20230223

**DATE AS OF CHANGE**: 20230223

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Garrou Marshall Blair
- **CENTRAL INDEX KEY:** 0001859560

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40679
- **FILM NUMBER:** 23660171

**MAIL ADDRESS:**
- **STREET 1:** 3737 BUFFALO SPEEDWAY
- **STREET 2:** SUITE 1750
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77098
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SEP Acquisition Corp.
- **CENTRAL INDEX KEY:** 0001849902
- **STANDARD INDUSTRIAL CLASSIFICATION:** BLANK CHECKS [6770]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 3737 BUFFALO SPEEDWAY
- **STREET 2:** SUITE 1750
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77098
- **BUSINESS PHONE:** 713-715-6820

**MAIL ADDRESS:**
- **STREET 1:** 3737 BUFFALO SPEEDWAY
- **STREET 2:** SUITE 1750
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77098

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Mercury Ecommerce Acquisition Corp
- **DATE OF NAME CHANGE:** 20210308

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] 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**<sup>*</sup><br>Garrou Marshall Blair<br><sub>(Last) (First) (Middle)</sub><br>3737 BUFFALO SPEEDWAY, SUITE 1750<br><sub>(Street)</sub><br>HOUSTON, TX 77098<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-02-21 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [X] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>SEP Acquisition Corp. [ SEPA ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Class A common stock<sup>(1)</sup> | 2023-02-21 |  | S |  | 13084<sup>(3)</sup> | D | $10 | 861916 | I | See Footnote<sup>(2)</sup> |
| Class A common stock<sup>(1)</sup> | 2023-02-21 |  | S |  | 20000<sup>(4)</sup> | D | $10 | 841916 | I | See Footnote<sup>(2)</sup> |
| Class A common stock<sup>(1)</sup> | 2023-02-21 |  | S |  | 10000<sup>(4)</sup> | D | $10 | 831916 | I | See Footnote<sup>(2)</sup> |
| Class A common stock<sup>(1)</sup> | 2023-02-21 |  | S |  | 15000<sup>(4)</sup> | D | $10 | 816916 | I | See Footnote<sup>(2)</sup> |
| Class A common stock<sup>(1)</sup> | 2023-02-21 |  | S |  | 15000<sup>(4)</sup> | D | $10 | 801916 | I | See Footnote<sup>(2)</sup> |
| Class A common stock<sup>(1)</sup> | 2023-02-21 |  | S |  | 6916<sup>(4)</sup> | D | $10 | 795000<sup>(5)</sup> | I | See Footnote<sup>(2)</sup> |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

---

### Footnotes:

(1) Represents securities underlying units of the Issuer. Each unit consists of one share of the Issuer's Class A Common Stock and one-half of one warrant. Each whole warrant entitles the holder to purchase one share of the Issuer's Class A Common Stock at a price of $11.50 per share, subject to adjustment.  The warrants will become exercisable, if at all, on the later of 30 days after the completion of the Issuer's initial business combination or 12 months from the closing of the Issuer's initial public offering. The warrants will expire five years after the completion of the Issuer's initial business combination or earlier upon redemption or liquidation.

(2) Represents shares of Class A Common Stock held by Mercury Houston Partners, LLC and Mercury Affiliates XI, LLC. M. Blair Garrou is the sole manager of Mercury Houston Partners, LLC and Mercury Affiliates XI, LLC. As such, M. Blair Garrou may be deemed to have beneficial ownership of the Class A common stock held directly by each of Mercury Houston Partners, LLC and Mercury Affiliates XI, LLC. M. Blair Garrou disclaims beneficial ownership over any securities owned by Mercury Houston Partners, LLC and Mercury Affiliates XI, LLC in which he does not have any pecuniary interest.

(3) Represents shares of Class A Common Stock sold by Mercury Houston Partners, LLC.

(4) Represents shares of Class A Common Stock sold by Mercury Affiliates XI, LLC.

(5) Following the transactions reported herein, Mercury Houston Partners, LLC is the holder of 130,023 shares of Class A Common Stock and Mercury Affiliates XI, LLC is the holder of 664,977 shares of Class A Common Stock.

**Signature:** /s/ M. Blair Garrou  
**Date:** 2023-02-23

### Remarks:

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).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**