Lei Huang - Nov 2, 2021 Form 3 Insider Report for Fortune Rise Acquisition Corp (FRLA)

Role
Chief Executive Officer, Director
Signature
/s/ Lei Huang
Stock symbol
FRLA
Transactions as of
Nov 2, 2021
Transactions value $
$0
Form type
3
Date filed
11/2/2021, 04:31 PM
Previous filing
Jun 10, 2021
Next filing
Nov 8, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding FRLA Class B Common Stock 104K Nov 2, 2021 See footnote F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Class B common stock will automatically convert into Class A common stock on one-for-one basis, subject to certain adjustments as provided in the 2nd amended and restated certificate of incorporation of Fortune Rise Acquisition Corporation upon the consummation of an initial business combination.
F2 The Reporting Person is the Chief Executive Officer of US Tiger Securities, Inc. ("US Tiger"). Pursuant to certain securities transfer agreement dated November 2, 2021 among the Reporting Person, Fortune Rise Sponsor LLC and others, the Reporting Person were to receive the shares from Fortune Rise Sponsor LLC as compensation shares but instructed such shares to be transferred to US Tiger as designee of the Reporting Person.