Patrick Archambault - Feb 8, 2022 Form 4 Insider Report for CITIC Capital Acquisition Corp. (QNGYQ)

Role
Chief Financial Officer
Signature
/s/ Jerry Allison (Attorney-in-Fact)
Stock symbol
QNGYQ
Transactions as of
Feb 8, 2022
Transactions value $
$0
Form type
4
Date filed
2/10/2022, 08:20 PM
Next filing
May 23, 2022

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 QNGYQ Stock Option (right to buy) Award +46.6K 46.6K Feb 8, 2022 Common Stock 46.6K $7.67 Direct F1, F2, F3
transaction QNGYQ Stock Option (right to buy) Award +155K 155K Feb 8, 2022 Common Stock 155K $12.74 Direct F1, F4, F5
transaction QNGYQ Stock Option (right to buy) Award +31K 31K Feb 8, 2022 Common Stock 31K $12.74 Direct F1, F6, F7
transaction QNGYQ Restricted Stock Unit Award $0 +9.77K $0.00 9.77K Feb 8, 2022 Common Stock 9.77K Direct F1, F8, F9, F11
transaction QNGYQ Restricted Stock Unit Award $0 +146K $0.00 146K Feb 8, 2022 Common Stock 146K Direct F1, F8, F10, F12
transaction QNGYQ Restricted Stock Unit Award $0 +657K $0.00 657K Feb 8, 2022 Common Stock 657K Direct F1, F8, F10, F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Received pursuant the Agreement and Plan of Merger, dated as of June 21, 2021, as amended, by and among CITIC Capital Acquisition Corp. ("CCAC"), CITIC Capital Merger Sub Inc. ("Merger Sub") and Quanergy Systems, Inc., a Delaware corporation ("Legacy Quanergy") pursuant to which Merger Sub merged with and into Legacy Quanergy (the "Business Combination"), whereupon the separate existence of Merger Sub ceased and Legacy Quanergy was the surviving company and wholly owned subsidiary of CCAC which subsequently changed its name to Quanergy Systems, Inc. (the "Issuer").
F2 One fourth (1/4) of the total number of shares to vest on the first anniversary of the Vesting Calculation Date. Thereafter, shares vest at the rate of one forty-eighth (1/48) per calendar month on the last day of each of the thirty-five (35) months following the month of the first anniversary of the Vesting Calculation Date and the final one forty-eighth (1/48) shall vest on the fourth anniversary of the Vesting Calculation Date. All vesting ceases upon separation from service.
F3 Received in connection with Business Combination in exchange for option to acquire 12,000 shares of common stock of Legacy Quanergy for $29. 74 per share.
F4 The shares shall vest in a series of forty-eight (48) successive equal monthly installments each month from the Vesting Calculation Date, such that the shares will be fully vested on the four (4) year anniversary of the Vesting Calculation Date. All vesting ceases upon termination of service.
F5 Received in connection with Business Combination in exchange for option to acquire 40,000 shares of common stock of Legacy Quanergy for $49.43 per share.
F6 The shares shall vest in a series of forty-eight (48) successive equal monthly installments each month from the Vesting Calculation Date, such that the shares will be fully vested on the four (4) year anniversary of the Vesting Calculation Date. All vesting ceases upon termination of service.
F7 Received in connection with Business Combination in exchange for option to acquire 8,000 shares of common stock of Legacy Quanergy for $49.43 per share.
F8 Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock.
F9 Fully vested.
F10 One-twelfth (I/12th) vests quarterly from November 2, 2020 provided Participant has not terminated Service on each applicable date (February 15, May 15, August 15, and November 15).
F11 In connection with Business Combination, this Legacy Quanergy's outstanding RSU award was converted into an RSU award denominated in shares of Issuer's common stock. The Restricted Stock Award is fully vested.
F12 In connection with Business Combination, this Legacy Quanergy's outstanding RSU award was converted into an RSU award denominated in shares of Issuer's common stock. The unvested portion of the outstanding RSU award will continue to vest as described in footnote 10 subject to the reporting person's continued service with the Issuer through the applicable vesting date.