Sugarman Stan 4
4 · FAT PROJECTS ACQUISITION CORP · Filed May 23, 2023
Insider Transaction Report
Form 4
Sugarman Stan
Director
Transactions
- Other
Class B Ordinary Shares
2023-02-10−1,317→ 87,225 total(indirect: See footnote)→ Class A Ordinary Shares (1,317 underlying)
Footnotes (3)
- [F1]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 as set forth in the issuer's registration statement on Form S-1 (File No. 333-257126).
- [F2]The Class B ordinary shares were transferred without consideration to one or more purchasers of non-interest-bearing and/or 15% interest-bearing notes issued by Issuer to incentivize the note purchaser(s) to purchase the note(s).
- [F3]The securities are held directly Sugarmilk Pte Ltd. The Reporting Person may be deemed to beneficially own shares held by Sugarmilk Pte Ltd by virtue of his control over Sugarmilk Pte Ltd. The Reporting Person disclaims beneficial ownership of Issuer's securities held by Sugarmilk Pte Ltd, except to the extent of his respective pecuniary interest.