Tamer Hassanein - May 19, 2022 Form 4 Insider Report for Quanergy Systems, Inc. (QNGYQ)

Role
Director, 10%+ Owner
Signature
/s/ Jerry Allison (Attorney-in-Fact)
Stock symbol
QNGYQ
Transactions as of
May 19, 2022
Transactions value $
$0
Form type
4
Date filed
5/23/2022, 08:13 PM
Previous filing
Feb 10, 2022
Next filing
Sep 12, 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 +157K $0.00 157K May 19, 2022 Common Stock 157K Direct F1, F2
transaction QNGYQ Restricted Stock Unit Award $0 +23.6K $0.00 23.6K May 19, 2022 Common Stock 23.6K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one (1) share of the Issuer's Common Stock.
F2 Subject to the reporting person's continuous service with the Company, the award shall vest over three (3) years. One-third (1/3rd) of the award shall vest on the first anniversary of the vesting commencement date (February 8, 2023), and thereafter shall vest quarterly on February 15, May 15, August 15 and November 15. The first quarterly vesting will occur on February 15, 2023.
F3 The award was fully vested upon the date of grant.