Andrada David 4
4 · FAT PROJECTS ACQUISITION CORP · Filed Jun 13, 2023
Insider Transaction Report
Form 4
Andrada David
DirectorCo-CEO and CFO10% Owner
Transactions
- Sale
Class B Ordinary Shares
2023-05-04$1.97/sh−63,500$125,095→ 328,151 total(indirect: See Footnote)→ Class A Ordinary Shares (63,500 underlying)
Footnotes (2)
- [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 securities are held directly by Fat Projects International Investments and Holdings Limited ("FPIIHL"). The Reporting Person controls and owns a 50% equity interest in FPIIHL and may be deemed to beneficially own half of the Issuer's securities held by FPIIHL by virtue of his control of and 50% ownership interest in FPIIHL. The amount reported in column 5 represents half of the Class B ordinary shares disposed of by FPIIHL and the amount reported in column 9 represents half of the Class B ordinary shares held by FPIIHL after the disposition. The Reporting Person disclaims beneficial ownership of Issuer's securities held by FPIIHL, except to the extent of his pecuniary interest.