Daniel J. Hennessy - Jul 24, 2024 Form 4 Insider Report for Compass Digital Acquisition Corp. (CDAQ)

Signature
Daniel J. Hennessy, By: /s/ Thomas D. Hennessy, Attorney-in-fact for Daniel J. Hennessy
Stock symbol
CDAQ
Transactions as of
Jul 24, 2024
Transactions value $
$0
Form type
4
Date filed
7/26/2024, 06:05 PM
Previous filing
Apr 29, 2024
Next filing
Oct 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CDAQ Class A Ordinary Shares Conversion of derivative security +1.87M +474.81% 2.26M Jul 24, 2024 See footnote F1, 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 CDAQ Class B Ordinary Shares Conversion of derivative security $0 -1.87M -69.18% $0.00 832K Jul 24, 2024 Class A Ordinary Shares 1.87M See footnote F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Class B Ordinary Shares are convertible, at the option of the holder, into Class A Ordinary Shares on a one-for-one basis, for no additional consideration, and have no expiration date. On July 24, 2024, the Reporting Person elected to convert 1,867,604 Class B Ordinary Shares held by him into 1,867,604 Class A Ordinary Shares.
F2 HCG Opportunity, LLC ("HCG Opportunity") is the record holder of the securities reported herein. HCG Opportunity MM, LLC ("HCG Opportunity MM") is the sole member of HCG Opportunity. The Reporting Person is a co-managing member of HCG Opportunity MM, serves on the Issuer's board of directors and disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein.