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

Role
Director, 10%+ Owner
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, 08:25 PM
Next filing
May 23, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QNGYQ Common Stock Award +157K 157K Feb 8, 2022 Direct F1
transaction QNGYQ Common Stock Award +495K 495K Feb 8, 2022 See footnote. F1, F2
transaction QNGYQ Common Stock Award +110K 110K Feb 8, 2022 See footnote. F1, F3
transaction QNGYQ Common Stock Award +847K 847K Feb 8, 2022 See footnote. F1, F4
transaction QNGYQ Common Stock Award +1.98M 1.98M Feb 8, 2022 See footnote. F1, F5
transaction QNGYQ Common Stock Award +310K 310K Feb 8, 2022 See footnote. F1, F6
transaction QNGYQ Common Stock Award +393K 393K Feb 8, 2022 See footnote. F1, F7

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 +1.87M $0.00 1.87M Feb 8, 2022 Common Stock 1.87M Direct F1, F8, F9, F11
transaction QNGYQ Restricted Stock Unit Award $0 +107K $0.00 107K Feb 8, 2022 Common Stock 107K Direct F8, F9, F11
transaction QNGYQ Restricted Stock Unit Award $0 +57.6K $0.00 57.6K Feb 8, 2022 Common Stock 57.6K Direct F8, F10, F12
transaction QNGYQ Common Stock Warrant Award +64.7K +29392.27% 64.9K Feb 8, 2022 Common Stock 64.7K $0.01 See footnote. F1, F13, F14
* 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 Shares are held directly by Rising Tide II, LLC. Rising Tide II, LLC is managed by Rising Tide Management, LLC and Rising Tide Management, LLC is controlled by Mr. Hassanein. Accordingly, Mr. Hassanein may be deemed to be a beneficial owner of the shares held by Rising Tide II, LLC.
F3 Shares are held directly by Rising Tide II, L.P. Rising Tide II, L.P. is managed by Rising Tide Management, LLC and Rising Tide Management, LLC is controlled by Mr. Hassanein. Accordingly, Mr. Hassanein may be deemed to be a beneficial owner of the shares held by Rising Tide II, L.P.
F4 Shares are held directly by Rising Tide III, LLC. Rising Tide III, LLC is managed by Rising Tide Management, LLC and Rising Tide Management, LLC is controlled by Mr. Hassanein. Accordingly, Mr. Hassanein may be deemed to be a beneficial owner of the shares held by Rising Tide III, LLC.
F5 Shares are held directly by Rising Tide IV, LLC. Rising Tide IV, LLC is managed by Rising Tide Management, LLC and Rising Tide Management, LLC is controlled by Mr. Hassanein. Accordingly, Mr. Hassanein may be deemed to be a beneficial owner of the shares held by Rising Tide IV, LLC.
F6 Shares are held directly by Rising Tide IVA, LLC. Rising Tide IVA, LLC is managed by Rising Tide Management, LLC and Rising Tide Management, LLC is controlled by Mr. Hassanein. Accordingly, Mr. Hassanein may be deemed to be a beneficial owner of the shares held by Rising Tide IVA, LLC.
F7 Shares are held directly by Rising Tide Management, Ltd. Rising Tide Management, Ltd is owned by Ossama Hassanein, Mr. Hassanein father. Accordingly, Mr. Hassanein may be deemed to be a beneficial owner of the shares held by Rising Tide Management, Ltd.
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 (1/12th) 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. This RSU 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.
F13 Immediately exercisable.
F14 Warrants are held directly by Rising Tide II, L.P. Rising Tide II, L.P. is managed by Rising Tide Management, LLC and Rising Tide Management, LLC is controlled by Mr. Hassanein. Accordingly, Mr. Hassanein may be deemed to be a beneficial owner of the warrants held by Rising Tide II, L.P.