Xu Lei 4
4 · Fortune Rise Acquisition Corp · Filed Jan 12, 2023
Insider Transaction Report
Form 4
Xu Lei
DirectorPresident and Chairwoman
Transactions
- Sale
Class B Common Stock
2022-12-22$0.01/sh−114,800$1,171→ 23,200 total
Footnotes (2)
- [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.
- [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.