HCG Opportunity, LLC - Oct 19, 2023 Form 4 Insider Report for Compass Digital Acquisition Corp. (CDAQ)

Role: 10%+ Owner
Signature: HCG Opportunity, LLC, By: HCG Opportunity MM, LLC, By: /s/ Thomas D. Hennessy, Authorized Signatory
Stock symbol: CDAQ
Transactions as of: Oct 19, 2023
Transactions value $: $0
Form type: 4
Date filed: 10/23/2023, 05:15 PM
Next filing: Jul 26, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CDAQ	Class A Ordinary Shares	Conversion of derivative security		+393K			393K	Oct 19, 2023	Direct	F1, F2

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
transaction	CDAQ	Class B Ordinary Shares	Conversion of derivative security	$0	-393K	-12.72%	$0.00	2.7M	Oct 19, 2023	Class A Ordinary Shares	393K		Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	The Class B Ordinary Shares are convertible, at the option of the holder, into Class A Ordinary Shares on a one-for-one basis, for no additional consideration, and have no expiration date.
F2	These shares are held directly by HCG Opportunity, LLC ("HCG Opportunity"). HCG Opportunity MM, LLC is the sole member of HCG Opportunity. Thomas D. Hennessy and Daniel J. Hennessy are the sole members of HCG Opportunity MM, LLC and serve on the Issuer's board of directors and report their beneficial ownership of the securities held directly by HCG Opportunity on separate Section 16 reports. Each of the reporting persons disclaims beneficial ownership of the shares reported herein except to the extent of its pecuniary interest therein.

Content

The Class B Ordinary Shares are convertible, at the option of the holder, into Class A Ordinary Shares on a one-for-one basis, for no additional consideration, and have no expiration date.

These shares are held directly by HCG Opportunity, LLC ("HCG Opportunity"). HCG Opportunity MM, LLC is the sole member of HCG Opportunity. Thomas D. Hennessy and Daniel J. Hennessy are the sole members of HCG Opportunity MM, LLC and serve on the Issuer's board of directors and report their beneficial ownership of the securities held directly by HCG Opportunity on separate Section 16 reports. Each of the reporting persons disclaims beneficial ownership of the shares reported herein except to the extent of its pecuniary interest therein.