Lei Xu - 22 Dec 2022 Form 4 Insider Report for Fortune Rise Acquisition Corp

Reporting relationship: President, Chairwoman
Issuer ticker: N/A
Reported as of: 22 Dec 2022
Net transaction value: -$1,171
SEC form: 4
Accepted by SEC: 12 Jan 2023, 05:12:57 UTC
Prior SEC filing: 17 Jun 2022
Next SEC filing: 16 Mar 2023
Source filing: View source filing
Reporting owner signature: /s/ Lei Xu

Key filing fact

Lei Xu filed Form 4 for Fortune Rise Acquisition Corp on 12 Jan 2023.

Key facts

This page summarizes Lei Xu's Form 4 filing for Fortune Rise Acquisition Corp.
1 reported transaction and 0 derivative rows are listed below.
Accepted by SEC: 12 Jan 2023, 05:12.

Change

Previous filing in this sequence was filed on 17 Jun 2022.
Current net transaction value: -$1,171.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

FRLA transaction

Class B Common Stock

Sale

Transaction value: $1,171
Shares: -114,800
Change %: -83%
Price: $0.0102^*
Shares after: 23,200
Date: 22 Dec 2022
Ownership: Direct
Footnotes: F1, F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Lei Xu is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 2 footnotes

Footnote F1

Class B common stock will automatically convert into Class A common stock on one-for-one basis, subject to certain adjustments as provided in the 2nd amended and restated certificate of incorporation of Fortune Rise Acquisition Corporation (the "Issuer") upon the consummation of an initial business combination.

Footnote F2

Representing 114,800 shares of Class B Common Stock that Ms. Xu transferred to Fortune Rise Sponsor LLC (the "Sponsor") pursuant to certain securities transfer agreement dated December 22, 2022 among Sponsor and certain initial stockholders of the Issuer. On the same day, Ms. Xu resigned as President and Chairwoman of the Issuer.