Fortress Capital Acquisition Sponsor LLC - Mar 17, 2022 Form 4 Insider Report for Fortress Capital Acquisition Corp (FCAX)

Role
10%+ Owner
Signature
/s/ Daniel N. Bass, Chief Financial Officer
Stock symbol
FCAX
Transactions as of
Mar 17, 2022
Transactions value $
-$7,500,000
Form type
4
Date filed
3/21/2022, 05:00 PM

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 -$7.5M -25K -0.25% $300.00* 9.93M Mar 17, 2022 Class A ordinary shares, par value $0.0001 per share 25K 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.