| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | FRLA | Class B Common Stock | Sale | -$1.01K | -98.8K | -80.98% | $0.01* | 23.2K | Dec 22, 2022 | Direct | F1, F2, F3 |
Lei Huang is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.
| 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 (the "Issuer") upon the consummation of an initial business combination. |
| F2 | Representing 98,800 shares of Class B Common Stock that Mr. Huang transferred to Fortune Rise Sponsor LLC (the "Sponsor") pursuant to certain securities transfer agreement dated December 22, 2022 among Sponsor and certain initial stockholders of the Issuer. On the same day, Mr. Huang resigned as CEO and director of the Issuer. |
| F3 | The reporting person is the Chief Executive Officer of US Tiger Securities, Inc. (CIK # 0001172317). At Mr. Huang's request pursuant to certain Securities Transfer Agreement between the Sponsor and certain initial stockholders of the Issuer dated November 2, 2021, the 23,200 shares were transferred to US Tiger Securities, Inc. as the designee of the reporting person. |