Duddell Street Holdings Ltd - Jul 29, 2022 Form 4 Insider Report for FiscalNote Holdings, Inc. (NOTE)

Role
10%+ Owner
Signature
Duddell Street Holdings Limited, By: /s/ Manoj Jain, Director
Stock symbol
NOTE
Transactions as of
Jul 29, 2022
Transactions value $
$0
Form type
4
Date filed
8/2/2022, 01:31 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NOTE Class A Common Stock Options Exercise +4.33M 4.33M Jul 29, 2022 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 NOTE Class B Ordinary Shares Conversion of derivative security -4.33M -100% 0 Jul 29, 2022 Class A Common Stock 4.33M $0.00 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares of Class A Common Stock were acquired upon the automatic conversion of the Class B ordinary shares on a one-for-one basis for no additional consideration concurrently with the consummation of the transactions contemplated by the Agreement and Plan of Merger, dated November 7, 2021, by and among Duddell Street Acquisition Corp. (now known as FiscalNote Holdings Inc., the "Issuer"), Grassroots Merger Sub, Inc., a wholly owned subsidiary of the Issuer ("Merger Sub"), and FiscalNote Holdings, Inc. (as it may be amended and/or restated from time to time (the "Business Combination Agreement")).
F2 The shares of Class A Common Stock and the converted Class B Ordinary Shares are (or were) held of record by Duddell Street Holdings Limited, a Cayman Islands limited liability company ("Holdings"). Maso Capital Offshore Limited, a Cayman Islands limited liability company ("Maso") is the sole member and manager of Holdings. Maso is beneficially owned and controlled by the Reporting Person, Sohit Khurana and Allan Finnerty, each of whom may be deemed to have beneficial ownership over these shares. Each such person disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest they may have therein, directly or indirectly.
F3 These Class B ordinary shares automatically converted into Class A Common Stock on a one-for-one basis for no additional consideration concurrently with the consummation of the transactions contemplated by the Business Combination Agreement. The Class B ordinary shares had no expiration date.