Brass Ring Trust - 06 Oct 2023 Form 3 Insider Report for Falcon's Beyond Global, Inc. (FBYD)

Role
10%+ Owner
Signature
Brass Ring Trust, By: /s/ Judith E. Demerau, Name: Judith E. Demerau, Title: Trustee
Issuer symbol
FBYD
Transactions as of
06 Oct 2023
Net transactions value
$0
Form type
3
Filing time
13 Feb 2024, 17:11:30 UTC
Next filing
13 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding FBYD Class A Common Stock 1,986,706 06 Oct 2023 Direct F1
holding FBYD Class A Common Stock 99,900 06 Oct 2023 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
holding FBYD 8% Series A Cumulative Convertible Preferred Stock 06 Oct 2023 Class A Common Stock 40,725 $0.9091 Direct F1, F3
holding FBYD 8% Series A Cumulative Convertible Preferred Stock 06 Oct 2023 Class A Common Stock 35,000 $0.9091 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents securities held by Brass Ring Trust, of which Judith E. Demerau is the trustee.
F2 Represents securities held directly by Judith E. Demerau.
F3 The 8% Series A Cumulative Convertible Preferred Stock ("Series A Preferred Stock") was convertible at any time at the election of the holder into shares of Class A common stock, par value $0.0001 per share ("Class A Common Stock"), of Falcon's Beyond Global, Inc. (the "Issuer") at a conversion rate of 0.90909 shares of Class A Common Stock for each share of Series A Preferred Stock in accordance with the Certificate of Designation, subject to adjustment for stock splits, stock dividends, reorganizations, recapitalizations and the like (the "Conversion Rate"), subject to an automatic conversion at the then applicable Conversion Rate, without any action on the part of the holder, in the event the volume weighted average closing price of Class A Common Stock exceeds $14.30 for at least 20 trading days during a period of 30 consecutive trading days. Such Series A Preferred Stock converted to Class A Common Stock on November 6, 2023, as reported separately in a Form 4.

Remarks:

Each of the Reporting Persons (other than to the extent it directly holds securities reported herein) disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended, each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.