Andriy Mykhaylovskyy - May 24, 2021 Form 3 Insider Report for Fifth Wall Acquisition Corp. III (FWAC)

Role: Chief Financial Officer, Director
Signature: /s/ Andriy Mykhaylovskyy
Stock symbol: FWAC
Transactions as of: May 24, 2021
Transactions value $: $0
Form type: 3
Date filed: 5/24/2021, 08:29 PM
Next filing: May 27, 2021

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
holding	FWAC	Class B Ordinary Shares							May 24, 2021	Class A Ordinary Shares	7.07M		See footnote	F1, F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	As described in the Issuer's Registration Statement under the heading "Description of Securities," the Class B Ordinary Shares will automatically convert into Class A Ordinary Shares of the Issuer at the time of the Issuer's initial business combination and have no expiration date.
F2	The shares of Class B Ordinary Shares owned by the Reporting Person includes up to 937,500 shares that are subject to forfeiture in the event the underwriters of the initial public offering of the issuer's securities do not exercise in full their over-allotment option as described in the issuer's registration statement.
F3	Fifth Wall Acquisition Sponsor III LLC, is the record holder of the shares reported herein. Fifth Wall Acquisition Sponsor III LLC is governed by two managers. Messr. Andriy Mykhaylovskyy and Brendan Wallace have shared voting and investment power over the shares held by Fifth Wall Acquisition Sponsor III LLC, and disclaim beneficial ownership of the shares held by Fifth Wall Acquisition Sponsor III LLC except to the extent of their pecuniary interest therein.

Remarks:

Exhibit List Ex.24 - Power of Attorney