FAST Sponsor II LLC - Jun 18, 2024 Form 4 Insider Report for Falcon's Beyond Global, Inc. (FBYD)

Role
10%+ Owner
Signature
FAST Sponsor II LLC By: FAST Sponsor II Manager LLC, its manager By: /s/ Garrett Schreiber
Stock symbol
FBYD
Transactions as of
Jun 18, 2024
Transactions value $
$0
Form type
4
Date filed
6/20/2024, 09:01 PM
Previous filing
May 13, 2024
Next filing
Nov 6, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FBYD Class A Common Stock Sale -346K -11.27% 2.72M Jun 18, 2024 Direct F1, F3, F4
transaction FBYD Class A Common Stock Sale -1.75M -64.17% 975K Jun 18, 2024 Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On June 14, 2024, FAST Sponsor II LLC entered into an Equity and Debt Exchange Agreement with Universal Kat Holdings LLC. Pursuant to the closing conditions of this agreement, on June 18, 2024, FAST Sponsor II LLC transferred 345,638 shares of Class A Common Stock of the Issuer to Universal Kat Holdings LLC. The shares were sold for a note having a principal amount (and accrued interest) of $1,323,110.
F2 On June 14, 2024, FAST Sponsor II LLC entered into an Equity and Debt Exchange Agreement with Katmandu Ventures LLC. Pursuant to the closing conditions of this agreement, on June 18, 2024, FAST Sponsor II LLC transferred 1,745,906 shares of Class A Common Stock of the Issuer to Katmandu Ventures LLC. The shares were sold for a note having a principal amount (and accrued interest) of $6,676,890.
F3 Includes beneficial ownership of 862,500 shares of Class A Common Stock (the "Earnout Shares") held in escrow pending the achievement of certain earnout targets. The Reporting Person holds voting rights with respect to the escrowed Earnout Shares but has entered into a stockholder agreement with the Issuer pursuant to which the Reporting Person agreed to vote or cause to be voted all such Earnout Shares held for the Reporting Person's benefit in escrow for or against, to be not voted, or to abstain, in the same proportion as the shares held by the holders of the Issuer's common stock as a whole are voted for or against, not voted, or abstained on any matter.
F4 The Reporting Person is the record holder of the securities reported herein. FAST Sponsor II Manager LLC ("Manager") is the manager of the Reporting Person and has voting and investment discretion with the respect to the common stock held of record by the Reporting Person. Garrett Schreiber is the sole member of Manager and has voting and investment discretion with respect to the securities held of record by the Reporting Person. Mr. Schreiber disclaims any beneficial ownership of the securities held by the Reporting Person, except to the extent of his pecuniary interest therein.