Revofast LLC - Oct 18, 2021 Form 3 Insider Report for Fintech Ecosystem Development Corp. (FEXD)

Role
10%+ Owner
Signature
/s/ Saiful Khandaker, Managing Member
Stock symbol
FEXD
Transactions as of
Oct 18, 2021
Transactions value $
$0
Form type
3
Date filed
10/18/2021, 09:01 PM
Next filing
Oct 24, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding FEXD Class B Ordinary Shares Oct 18, 2021 Class A Ordinary Shares 2.41M Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Class B Ordinary Share will automatically convert into Class A Ordinary Shares concurrently with or immediately following the consummation of the Issuer's initial business combination on a one-for-one basis, subject to certain adjustments, and have no expiration date.
F2 Includes 375,000 Class B Ordinary Shares which are subject to forfeiture for no consideration depending on the extent to which the underwriters to the Issuer's initial public offering exercise their over-allotment option.
F3 The shares are held directly by the issuer's sponsor, Revofast LLC (the "Sponsor"). The managing member of the Sponsor is Mr. Saiful Khandaker. Mr. Khandaker has voting and dispositive power over the shares held by the Sponsor and disclaims beneficial ownership over any securities owned by the Sponsor in which he does not have a pecuniary interest.