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

Role
Chief Revenue 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, 08:23 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 Restricted Stock Unit Award $0 +380 $0.00 380 Feb 8, 2022 Common Stock 380 Direct F1, F2, F3, F5
transaction QNGYQ Restricted Stock Unit Award $0 +299K $0.00 299K Feb 8, 2022 Common Stock 299K Direct F1, F2, F4, 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 Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock.
F3 Fully vested.
F4 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).
F5 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 RSU is fully vested.
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.