Tamer Hassanein - 08 Feb 2022 Form 4 Insider Report for CITIC Capital Acquisition Corp.

Role: Director, 10%+ Owner
Signature: /s/ Jerry Allison (Attorney-in-Fact)
Issuer symbol: N/A
Transactions as of: 08 Feb 2022
Net transactions value: $0
Form type: 4
Filing time: 10 Feb 2022, 20:25:45 UTC
Next filing: 23 May 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	QNGYQ	Common Stock	Award		+157,129			157,129	08 Feb 2022	Direct	F1
transaction	QNGYQ	Common Stock	Award		+494,700			494,700	08 Feb 2022	See footnote.	F1, F2
transaction	QNGYQ	Common Stock	Award		+109,780			109,780	08 Feb 2022	See footnote.	F1, F3
transaction	QNGYQ	Common Stock	Award		+846,607			846,607	08 Feb 2022	See footnote.	F1, F4
transaction	QNGYQ	Common Stock	Award		+1,976,464			1,976,464	08 Feb 2022	See footnote.	F1, F5
transaction	QNGYQ	Common Stock	Award		+310,395			310,395	08 Feb 2022	See footnote.	F1, F6
transaction	QNGYQ	Common Stock	Award		+392,831			392,831	08 Feb 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	+1,866,511		$0.000000	1,866,511	08 Feb 2022	Common Stock	1,866,511		Direct	F1, F8, F9, F11
transaction	QNGYQ	Restricted Stock Unit	Award	$0	+107,180		$0.000000	107,180	08 Feb 2022	Common Stock	107,180		Direct	F8, F9, F11
transaction	QNGYQ	Restricted Stock Unit	Award	$0	+57,606		$0.000000	57,606	08 Feb 2022	Common Stock	57,606		Direct	F8, F10, F12
transaction	QNGYQ	Common Stock Warrant	Award		+64,663	+29392%		64,883	08 Feb 2022	Common Stock	64,663	$0.0100	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.