SCHEDULE: Falcon's Beyond Insider Sells Shares

Katmandu Ventures and Jill K. Markey reduced their beneficial ownership in Falcon's Beyond Global, Inc. through recent stock dispositions.

Summary

• Katmandu Ventures, LLC and Jill K. Markey filed an Amendment No. 2 to their Schedule 13D regarding Falcon's Beyond Global, Inc.
• On January 28, 2026, Katmandu disposed of 1,753,524 shares of Class A Common Stock at $6.25 per share to a third party.
• This transaction reduced Katmandu's beneficial ownership to 15,716,097 shares, representing 24.23% of the Class A Common Stock.
• Jill K. Markey's beneficial ownership, including shares from Katmandu and 16,363 directly held shares, is now 15,732,460 shares, representing 24.25% of the Class A Common Stock.
• Previous transactions included Katmandu's redemption of 350,000 Common Units for Class A Common Stock on December 18, 2025, and the disposition of 691,563 Class A Common Stock shares at $7.23 per share on January 12, 2026.
• The percentages of beneficial ownership are calculated based on an aggregate of 49,135,017 shares of Class A Common Stock issued and outstanding, adjusted to reflect 15,716,097 shares issuable upon redemption of Common Units.

Sentiment

Score: 3

Explanation: StockSavvy.ai views this as a negative development due to significant insider selling by a major beneficial owner, potentially signaling reduced confidence or a need for liquidity, which could pressure the stock price.

Negatives

• Significant insider selling by Katmandu Ventures, LLC, disposing of 1,753,524 shares at $6.25 per share on January 28, 2026.
• Further insider selling of 691,563 shares at $7.23 per share on January 12, 2026, by Katmandu.
• The reduction in beneficial ownership by a significant holder like Katmandu Ventures and Jill K. Markey could be perceived negatively by the market.

Future Outlook

No specific forward-looking statements or guidance are provided in this ownership disclosure.

Industry Context

StockSavvy.ai notes that significant insider selling, especially by a major holder like Katmandu Ventures, can sometimes signal a lack of confidence in the company's near-term prospects or a need for liquidity, potentially putting downward pressure on the stock price. This is particularly relevant for companies in the entertainment or experience economy sector, where investor sentiment can be highly sensitive to insider activity.

Comparison to Industry Standards

• Insider selling is a common occurrence across all industries, but the scale and frequency can be noteworthy. For companies like Falcon's Beyond Global, which operates in the themed entertainment and hospitality sector, insider transactions are often scrutinized for insights into management's view of future growth and market conditions.
• While specific comparable companies' insider selling data is not provided in the filing, a reduction of over 2.4 million shares by a key insider within a month, at varying prices ($7.23 and $6.25), suggests a strategic decision to reduce exposure. This contrasts with typical insider activity in high-growth tech or biotech firms where insider buying might be more prevalent during perceived undervaluation.

Stakeholder Impact

• Shareholders: The significant insider selling could lead to negative market sentiment and potentially downward pressure on the stock price.
• Management: The reduction in ownership by a key entity associated with management (Jill K. Markey is a manager of Katmandu Ventures) might raise questions about long-term commitment or outlook.

Key Dates

Recommendation

The substantial insider selling by a major beneficial owner, Katmandu Ventures, LLC, and Jill K. Markey, at declining prices ($7.23 and $6.25 per share), indicates a lack of confidence or a strategic exit by a key stakeholder. This insider activity, coupled with the absence of any positive news or future outlook, suggests potential downward pressure on the stock. A seasoned investor would likely interpret this as a negative signal and consider reducing their position.

Keywords

Falcon's Beyond Global, Katmandu Ventures, Jill K. Markey, Schedule 13D/A, Insider Selling, Class A Common Stock, Beneficial Ownership, SEC Filing, Stock Disposition