Form 4: FAST Sponsor II LLC Sells Shares of Falcon's Beyond Global, Inc. in Equity and Debt Exchange Agreements

FAST Sponsor II LLC sold shares of Falcon's Beyond Global, Inc. to Universal Kat Holdings LLC and Katmandu Ventures LLC in equity and debt exchange agreements.

Summary

• FAST Sponsor II LLC, a significant shareholder in Falcon's Beyond Global, Inc. (FBYD), has sold a portion of its Class A Common Stock.
• On June 18, 2024, FAST Sponsor II LLC transferred 345,638 shares to Universal Kat Holdings LLC in exchange for a note with a principal amount (and accrued interest) of $1,323,110.
• Additionally, 1,745,906 shares were transferred to Katmandu Ventures LLC for a note with a principal amount (and accrued interest) of $6,676,890.
• Following these transactions, FAST Sponsor II LLC still beneficially owns 2,720,906 shares, including 862,500 Earnout Shares held in escrow.
• Garrett Schreiber, as the sole member of FAST Sponsor II Manager LLC, disclaims beneficial ownership except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document describes a transaction involving the sale of shares. It's a neutral event unless further context suggests a specific positive or negative implication.

Industry Context

Share sales by significant shareholders are common and can be driven by various factors, including portfolio rebalancing or strategic decisions by the selling entity. The impact on the stock price can vary depending on the size of the sale and market perception.

Stakeholder Impact

• The sale of shares could potentially impact shareholder value, depending on market reaction.
• The transactions may affect the ownership structure of Falcon's Beyond Global, Inc.

Key Dates