Gary Kalk - 17 Mar 2022 Form 4 Insider Report for Fortress Capital Acquisition Corp (FCAX)

Role
Director
Signature
/s/ Gary Kalk
Issuer symbol
FCAX
Transactions as of
17 Mar 2022
Transactions value $
$7,500,000
Form type
4
Filing time
21 Mar 2022, 17:00:36 UTC
Previous filing
24 Jan 2022
Next filing
26 Feb 2025
SEC
View on sec.gov

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 FCAX Class B ordinary shares, par value $0.0001 per share Purchase $7.5M +25K $300.00* 25K 17 Mar 2022 Class A ordinary shares, par value $0.0001 per share 25K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to the Issuer's amended and restated memorandum and articles of association, the Class B ordinary shares have no expiration date and will automatically convert into Class A ordinary shares at the time of the Issuer's initial business combination on a one-for-one basis subject to adjustment pursuant to certain anti-dilution rights.
F2 The reporting person purchased 25,000 Class B ordinary shares for the aggregate consideration of $300.00.

Remarks:

See Exhibit 24.1 - Power of Attorney