Lisa M. Kelley - Aug 2, 2022 Form 4 Insider Report for Quanergy Systems, Inc. (QNGYQ)

Role: Director
Signature: /s/ Jerry Allison, Attorney-in-Fact
Stock symbol: QNGYQ
Transactions as of: Aug 2, 2022
Transactions value $: $0
Form type: 4
Date filed: 8/4/2022, 06:05 PM

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	+250K		$0.00	250K	Aug 2, 2022	Common Stock	250K		Direct	F1, F2

* 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 shares subject to the award will vest over a three-year period, with one-third (1/3rd) of the shares subject to the award vesting on the first anniversary of the award date (August 2, 2023), and one twelfth (1/12th) of the shares subject to the award vesting in equal quarterly installments thereafter, such that the award is fully vested on the third anniversary of the date of award.

Content

Each restricted stock unit represents a contingent right to receive one (1) share of the Issuer's Common Stock.

Subject to the reporting person's continuous service with the Company, the shares subject to the award will vest over a three-year period, with one-third (1/3rd) of the shares subject to the award vesting on the first anniversary of the award date (August 2, 2023), and one twelfth (1/12th) of the shares subject to the award vesting in equal quarterly installments thereafter, such that the award is fully vested on the third anniversary of the date of award.