Kevin Kennedy - Aug 23, 2022 Form 4 Insider Report for Quanergy Systems, Inc. (QNGYQ)

Role: CEO; CHAIRMAN OF BOARD, Director
Signature: /s/ Jerry Allison, Attorney-in-Fact
Stock symbol: QNGYQ
Transactions as of: Aug 23, 2022
Transactions value $: $0
Form type: 4
Date filed: 8/24/2022, 07:42 PM
Previous filing: Jun 7, 2022
Next filing: Nov 4, 2022

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	+150K		$0.00	150K	Aug 23, 2022	Common Stock	150K		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: (i) one half (1/2) of the total number of restricted stock units subject to this award shall vest on November 15, 2023, the first anniversary of the vesting commencement date and (ii) one half (1/2) of the total number of restricted stock units subject to this award shall vest on November 15, 2024, the second anniversary of the vesting commencement date.

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: (i) one half (1/2) of the total number of restricted stock units subject to this award shall vest on November 15, 2023, the first anniversary of the vesting commencement date and (ii) one half (1/2) of the total number of restricted stock units subject to this award shall vest on November 15, 2024, the second anniversary of the vesting commencement date.