Arena Fortify Sponsor LLC - Nov 9, 2021 Form 3 Insider Report for Arena Fortify Acquisition Corp. (AFAC)

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	AFAC	Class B common stock							Nov 9, 2021	Class A common stock	3.59M		Direct	F1, F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Id	Content
F1	As described in the issuer's registration statement on Form S-1 (File No. 333-254532) under the heading "Description of Securities-Founder Shares," the shares of Class B common stock, par value $0.0001 per share, will automatically convert into shares of Class A common stock, par value $0.0001 per share, of the issuer at the time of the issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to adjustment for stock splits, stock dividends, reorganizations, recapitalizations and the like, and certain anti-dilution rights and have no expiration date.
F2	The shares of Class B common stock owned by the reporting person include up to 472,500 shares that are subject to forfeiture to the extent the underwriters of the initial public offering of the issuer's securities do not exercise in full their over-allotment option as described in the issuer's registration statement.
F3	Kieran Goodwin is the president and manager of the reporting person, and has sole voting and dispositive power over the securities held by the reporting person and therefore may be deemed to have beneficial ownership of the securities held directly by the reporting person. Mr. Goodwin disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.