Mwig Llc - Jul 19, 2021 Form 4 Insider Report for F45 Training Holdings Inc. (FXLV)

Role: Director, 10%+ Owner
Signature: /s/ Michael T. Raymond
Stock symbol: FXLV
Transactions as of: Jul 19, 2021
Transactions value $: -$25,000,000
Form type: 4
Date filed: 7/21/2021, 07:56 PM
Previous filing: Jul 15, 2021
Next filing: Aug 23, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FXLV	Common Stock	Conversion of derivative security		+27.4M			27.4M	Jul 19, 2021	Direct	F1, F2
transaction	FXLV	Common Stock	Sale	-$25M	-1.56M	-5.71%	$16.00^*	25.8M	Jul 19, 2021	Direct	F2

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	FXLV	Preferred Stock	Conversion of derivative security	$0	-9.85M	-100%	$0.00^*	0	Jul 19, 2021	Common Stock	27.4M		Direct	F1, F2, F3

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

Explanation of Responses:

Id	Content
F1	The preferred stock automatically converted into Issuer's common stock upon closing of the initial public offering.
F2	Michael T. Raymond, manager of FOD Capital LLC, which is the manager of MWIG LLC, beneficially owns the reported securities indirectly, but disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
F3	Reflects automatic conversion of preferred stock to Issuer's common stock and had no expiration date.