Judith A. Hannaway - 08 Aug 2022 Form 4 Insider Report for FTAI Infrastructure Inc. (FIP)

Role: Director
Signature: /s/ BoHee Yoon, as Attorney-in-Fact
Issuer symbol: FIP
Transactions as of: 08 Aug 2022
Net transactions value: $0
Form type: 4
Filing time: 10 Aug 2022, 17:03:58 UTC
Previous filing: 22 Jul 2022
Next filing: 01 Nov 2022
SEC: View on sec.gov

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	FIP	Stock Options (Right to Buy)	Award		+5,000			5,000	08 Aug 2022	Common Stock	5,000	$2.59	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Represents options granted by Fortress Transportation and Infrastructure Investors LLC that have been converted into options of the Issuer in connection with the spin-off of the Issuer from Fortress Transportation and Infrastructure Investors LLC (the "Spin-off"). The exercise price was determined based on a five-day weighted average price following the closing of the Spin-off, which ended on August 8, 2022.
F2	These options are fully vested.

Content

Represents options granted by Fortress Transportation and Infrastructure Investors LLC that have been converted into options of the Issuer in connection with the spin-off of the Issuer from Fortress Transportation and Infrastructure Investors LLC (the "Spin-off"). The exercise price was determined based on a five-day weighted average price following the closing of the Spin-off, which ended on August 8, 2022.

These options are fully vested.