Sec Form 4 Filing - FAST Sponsor II LLC @ Falcon's Beyond Global, Inc. - 2024-06-18

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
FAST Sponsor II LLC
2. Issuer Name and Ticker or Trading Symbol
Falcon's Beyond Global, Inc. [ FBYD]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
109 OLD BRANCHVILLE ROAD
3. Date of Earliest Transaction (MM/DD/YY)
06/18/2024
(Street)
RIDGEFIELD, CT06877
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 06/18/2024 S( 1 ) 345,638 D 2,720,906 ( 3 ) D ( 4 )
Class A Common Stock 06/18/2024 S( 2 ) 1,745,906 D 975,000 ( 3 ) D ( 4 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
FAST Sponsor II LLC
109 OLD BRANCHVILLE ROAD
RIDGEFIELD, CT06877
X
FAST Sponsor II Manager LLC
109 OLD BRANCHVILLE ROAD
RIDGEFIELD, CT06877
X
Schreiber Garrett
109 OLD BRANCHVILLE ROAD
RIDGEFIELD, CT06877
X
Signatures
FAST Sponsor II LLC By: FAST Sponsor II Manager LLC, its manager By: /s/ Garrett Schreiber 06/20/2024
Signature of Reporting Person Date
FAST Sponsor II Manager LLC By: /s/ Garrett Schreiber 06/20/2024
Signature of Reporting Person Date
Garrett Schreiber By: /s/ Garrett Schreiber 06/20/2024
Signature of Reporting Person Date
Explanation of Responses:
( 1 )On June 14, 2024, FAST Sponsor II LLC entered into an Equity and Debt Exchange Agreement with Universal Kat Holdings LLC. Pursuant to the closing conditions of this agreement, on June 18, 2024, FAST Sponsor II LLC transferred 345,638 shares of Class A Common Stock of the Issuer to Universal Kat Holdings LLC. The shares were sold for a note having a principal amount (and accrued interest) of $1,323,110.
( 2 )On June 14, 2024, FAST Sponsor II LLC entered into an Equity and Debt Exchange Agreement with Katmandu Ventures LLC. Pursuant to the closing conditions of this agreement, on June 18, 2024, FAST Sponsor II LLC transferred 1,745,906 shares of Class A Common Stock of the Issuer to Katmandu Ventures LLC. The shares were sold for a note having a principal amount (and accrued interest) of $6,676,890.
( 3 )Includes beneficial ownership of 862,500 shares of Class A Common Stock (the "Earnout Shares") held in escrow pending the achievement of certain earnout targets. The Reporting Person holds voting rights with respect to the escrowed Earnout Shares but has entered into a stockholder agreement with the Issuer pursuant to which the Reporting Person agreed to vote or cause to be voted all such Earnout Shares held for the Reporting Person's benefit in escrow for or against, to be not voted, or to abstain, in the same proportion as the shares held by the holders of the Issuer's common stock as a whole are voted for or against, not voted, or abstained on any matter.
( 4 )The Reporting Person is the record holder of the securities reported herein. FAST Sponsor II Manager LLC ("Manager") is the manager of the Reporting Person and has voting and investment discretion with the respect to the common stock held of record by the Reporting Person. Garrett Schreiber is the sole member of Manager and has voting and investment discretion with respect to the securities held of record by the Reporting Person. Mr. Schreiber disclaims any beneficial ownership of the securities held by the Reporting Person, except to the extent of his pecuniary interest therein.

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