Thomas M. Rohrs - Feb 8, 2022 Form 4 Insider Report for CITIC Capital Acquisition Corp. (QNGYQ)

Role: Director
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, 08:22 PM
Previous filing: Jan 12, 2022
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		+194K			194K	Feb 8, 2022	Common Stock	194K	$12.74	Direct	F1, F2, F3
transaction	QNGYQ	Restricted Stock Unit	Award	$0	+57.6K		$0.00	57.6K	Feb 8, 2022	Common Stock	57.6K		Direct	F1, F4, F5, F6

* 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	The shares shall vest in a series of forty-eight (48) successive equal monthly installments each month from January 31, 2020(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
F3	Received in connection with Business Combination in exchange for option to acquire 50,000 shares of common stock of Legacy Quanergy for $49.43 per share.
F4	Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock.
F5	One-twelfth (I/12th) vests quarterly from January 13, 2020 provided Participant has not terminated Service on each applicable date (February 15, May 15, August 15, and November 15).
F6	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 6 subject to the reporting person's continued service with the Issuer through the applicable vesting date.