Daniel J. Hennessy - Oct 19, 2023 Form 4 Insider Report for Compass Digital Acquisition Corp. (CDAQ)

Role: Director, 10%+ Owner
Signature: /s/ Thomas D. Hennessy, Attorney-in-fact for Daniel J. Hennessy
Stock symbol: CDAQ
Transactions as of: Oct 19, 2023
Transactions value $: $0
Form type: 4
Date filed: 10/23/2023, 05:16 PM
Previous filing: Sep 11, 2023
Next filing: Jan 11, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CDAQ	Class B Ordinary Shares	Disposed to Issuer		-3.09M	-100%		0	Oct 19, 2023	See Footnote	F1, F2
transaction	CDAQ	Class A Ordinary Shares	Conversion of derivative security		+393K			393K	Oct 19, 2023	See Footnote	F2, F3

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	Award		+3.09M			3.09M	Oct 19, 2023	Class A Ordinary Shares	3.09M		See Footnote	F1, F2
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		See Footnote	F2, F3

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

Explanation of Responses:

Id	Content
F1	On October 19, 2023, at an extraordinary general meeting of shareholders, a majority of the Issuer's shareholders voted to approve a proposal to permit holders of Class B Ordinary Shares to convert their Class B Ordinary Shares into Class A Ordinary Shares on a one-for-one basis at any time and from time to time prior to the consummation of the Issuer's initial business combination. As such, this Form 4 reports the disposition of the Class B Ordinary Shares initially reported in Table I, which were not convertible until following the consummation of the Issuer's initial business combination, and the acquisition of the Class B Ordinary Shares reported in Table II, which are currently convertible, at the option of the holder, into Class A Ordinary Shares on a one-for-one basis at any time and from time to time prior to the consummation of the Issuer's initial business combination. The Class B Ordinary Shares have no expiration date.
F2	These shares are held directly by HCG Opportunity, LLC ("HCG Opportunity"). HCG Opportunity MM, LLC ("HCG Opportunity MM") is the sole member of HCG Opportunity. The Reporting Person is a co-member of HCG Opportunity MM and disclaims beneficial ownership of the shares held by HCG Opportunity, except to the extent of his pecuniary interest therein.
F3	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.