Saiful Khandaker - Oct 18, 2021 Form 3 Insider Report for Fintech Ecosystem Development Corp. (FEXD)

Role
Chief Executive Officer
Signature
/s/ Saiful Khandaker
Stock symbol
FEXD
Transactions as of
Oct 18, 2021
Transactions value $
$0
Form type
3
Date filed
10/18/2021, 09:05 PM

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding FEXD Class B Ordinary Shares Oct 18, 2021 Class A Ordinary Shares 2.41M See Footnote F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Class B Ordinary Share will automatically convert into Class A Ordinary Shares concurrently with or immediately following the consummation of the Issuer's initial business combination on a one-for-one basis, subject to certain adjustments, and have no expiration date.
F2 Includes 375,000 Class B Ordinary Shares which are subject to forfeiture for no consideration depending on the extent to which the underwriters to the Issuer's initial public offering exercise their over-allotment option.
F3 Reflects Class B Ordinary Shares held by Revofast LLC (the "Sponsor"). The Reporting Person is the sole manager of the Sponsor and, as such, may be deemed to have indirect voting and dispositive power over the shares held by the Sponsor. The Reporting Person disclaims beneficial ownership of the reported shares except to the extent of his pecuniary interest therein.