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

Role
Chief Development Officer, 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, 08:47 PM
Next filing
May 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QNGYQ Common Stock Award +169K 169K Feb 8, 2022 Direct F1
transaction QNGYQ Common Stock Award +2.48M 2.48M Feb 8, 2022 See footnote. F1, F2
transaction QNGYQ Common Stock Award +485K 485K Feb 8, 2022 See footnote. F1, F3
transaction QNGYQ Common Stock Award +485K 485K Feb 8, 2022 See footnote. F1, F4

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 +157K $0.00 157K Feb 8, 2022 Common Stock 157K Direct F1, F5, F7, F9
transaction QNGYQ Restricted Stock Unit Award $0 +10.5K $0.00 10.5K Feb 8, 2022 Common Stock 10.5K Direct F1, F5, F6, F8
transaction QNGYQ Stock Option (right to buy) Award +196K 196K Feb 8, 2022 Common Stock 196K $0.82 Direct F1, F6, F10
* 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 are held by the Yang Yu Trust, a trust for the benefit of the reporting person's family. The reporting person serves as Trustee of the trust.
F3 The shares are held by the YAD10 Trust, Weilai Yang and Yu Cheung, as Trustees, for the benefit of the reporting person's family.
F4 The shares are held by the YYJK28 Trust, Weilai Yang and Yu Cheung Ho as Trustees for the benefit of the reporting person's family.
F5 Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock.
F6 Fully vested.
F7 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).
F8 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..
F9 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.
F10 Received in connection with Business Combination in exchange for option to acquire 50,625 shares of common stock of Legacy Quanergy for $3.16 per share.