Karen C. Francis - 19 May 2022 Form 4 Insider Report for Quanergy Systems, Inc. (QNGY)

Role
Director
Signature
/s/ Jerry Allison (Attorney-in-Fact)
Issuer symbol
QNGY
Transactions as of
19 May 2022
Net transactions value
$0
Form type
4
Filing time
23 May 2022, 20:25:58 UTC
Previous filing
10 Feb 2022
Next filing
26 May 2022
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 QNGY Restricted Stock Unit Award $0 +157,035 $0.000000 157,035 19 May 2022 Common Stock 157,035 Direct F1, F2
transaction QNGY Restricted Stock Unit Award $0 +23,555 $0.000000 23,555 19 May 2022 Common Stock 23,555 Direct F1, F3
* 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, the award shall vest over three (3) years. One-third (1/3rd) of the award shall vest on the first anniversary of the vesting commencement date (February 8, 2023), and thereafter shall vest quarterly on February 15, May 15, August 15 and November 15. The first quarterly vesting will occur on February 15, 2023.
F3 The award was fully vested upon the date of grant.