10% holder Katmandu sells all Falcon's Beyond (FBYD) shares

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Katmandu Ventures, LLC, a 10% owner of Falcon's Beyond Global, Inc., reported a full exit from its position. On January 28, 2026, Katmandu disposed of 1,753,534 shares of Class A Common Stock in a transaction with a third party at $6.25 per share. Following this sale, Katmandu no longer beneficially owns any Class A Common Stock of the company.

Positive

None.

Negative

10% owner fully exits position Katmandu Ventures, LLC disposed of 1,753,534 shares of Class A Common Stock at $6.25 per share and now reports no beneficial ownership, removing a significant shareholder from Falcon's Beyond Global, Inc.

Insights

Large 10% holder Katmandu Ventures fully exits Falcon's Beyond.

Katmandu Ventures, LLC, identified as a 10% owner, disposed of $6.25-priced Class A shares in Falcon's Beyond Global, Inc. on January 28, 2026. The transaction covered 1,753,534 shares of Class A Common Stock in a sale to a third party.

After this transaction, Katmandu reports holding no Class A Common Stock. This removes a significant shareholder from the ownership base and transfers that block to an unidentified third party, potentially altering the distribution of voting power among remaining investors.

The filing does not describe the third party or any related agreements, so the longer-term implications depend on how the new holder exercises its rights and whether subsequent filings clarify its identity or intentions.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Katmandu Ventures, LLC

Role 10% Owner

Type	Security	Shares	Price	Value
Other	Class A Common Stock	1,753,524	$0.00	--

Holdings After Transaction: Class A Common Stock — 0 shares (Direct)

Footnotes (1)

Represents securities held by Katmandu Ventures, LLC ("Katmandu"). On January 28, 2026, Katmandu disposed of 1,753,534 shares of its Class A common stock, par value $0.0001 per share ("Class A Common Stock") in Falcon's Beyond Global, Inc. (the "Issuer") to a third party at $6.25 per share. Following the transaction, Katmandu no longer beneficially owns any Class A Common Stock in the Issuer.

Form 4 Insider Transactions: What Each Field Means →

01/29/2026 - 05:09 PM

SEC Form 4

FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Katmandu Ventures, LLC

(Last)

(First)

(Middle)

3420 PUMP RD #356

(Street)

HENRICO

23233

(City)

(State)

(Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
01/28/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	01/28/2026		J⁽²⁾		1,753,524	D	⁽²⁾	0⁽²⁾	D⁽¹⁾

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 (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	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 (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents securities held by Katmandu Ventures, LLC ("Katmandu").

2. On January 28, 2026, Katmandu disposed of 1,753,534 shares of its Class A common stock, par value $0.0001 per share ("Class A Common Stock") in Falcon's Beyond Global, Inc. (the "Issuer") to a third party at $6.25 per share. Following the transaction, Katmandu no longer beneficially owns any Class A Common Stock in the Issuer.

Remarks:

This filing shall not be deemed an admission that for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise, that the Reporting Persons are subject to Section 16 of the Exchange Act. Each of the Reporting Persons (other than to the extent it directly holds securities reported herein) disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Exchange Act, each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.

	Katmandu Ventures, LLC, By: /s/ Jill K. Markey, Name: Jill K Markey, Title: Manager	01/29/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What did Katmandu Ventures, LLC do in this Falcon's Beyond (FBYD) Form 4?

Katmandu Ventures, LLC reported disposing of 1,753,534 Falcon's Beyond Class A shares. The transaction occurred on January 28, 2026 at $6.25 per share in a sale to a third party.

How many Falcon's Beyond (FBYD) shares did Katmandu Ventures sell and at what price?

Katmandu Ventures sold 1,753,534 shares of Falcon's Beyond Class A Common Stock. The Form 4 footnote states the shares were disposed of at a price of $6.25 per share to a third party buyer.

Does Katmandu Ventures, LLC still own any Falcon's Beyond (FBYD) shares after this transaction?

No. The filing states that following the January 28, 2026 transaction, Katmandu Ventures, LLC no longer beneficially owns any Class A Common Stock of Falcon's Beyond Global, Inc., indicating a complete exit from that position.

What is the significance of Katmandu Ventures being a 10% owner of Falcon's Beyond (FBYD)?

Being a 10% owner means Katmandu Ventures previously held a large stake subject to Section 16 reporting. Its disposal of all 1,753,534 Class A shares removes a major shareholder and shifts that block to a new, undisclosed third party.

Was this Falcon's Beyond (FBYD) Form 4 transaction a market trade or private sale?

The footnote explains that on January 28, 2026 Katmandu Ventures disposed of its 1,753,534 Class A shares to a third party at $6.25 per share, indicating a negotiated sale rather than specifying an open-market transaction.

Who signed the Form 4 for Katmandu Ventures, LLC regarding Falcon's Beyond (FBYD)?

The Form 4 was signed for Katmandu Ventures, LLC by Jill K. Markey as Manager. The signature line identifies her name and title, confirming she executed the report on behalf of the reporting entity.