Fortress Capital Acquisition Sponsor LLC - 17 Mar 2022 Form 4 Insider Report for Fortress Capital Acquisition Corp

Role
10%+ Owner
Signature
/s/ Daniel N. Bass, Chief Financial Officer
Issuer symbol
N/A
Transactions as of
17 Mar 2022
Net transactions value
-$7,500,000
Form type
4
Filing time
21 Mar 2022, 17:00:44 UTC
SEC
View on sec.gov

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 FCAX Class B ordinary shares, par value $0.0001 per share Sale $7,500,000 -25,000 -0.25% $300.00* 9,925,000 17 Mar 2022 Class A ordinary shares, par value $0.0001 per share 25,000 See footnote F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to the Issuer's amended and restated memorandum and articles of association, the Class B ordinary shares have no expiration date and will automatically convert into Class A ordinary shares at the time of the Issuer's initial business combination on a one-for-one basis subject to adjustment pursuant to certain anti-dilution rights.
F2 Sponsor sold 25,000 Class B ordinary shares for the aggregate consideration of $300.00.
F3 Sponsor directly owns Class B ordinary shares of the Issuer.