Katmandu trims stake in Falcon's Beyond Global (FBYD) with 691k sale

Rhea-AI Filing Summary

Falcon's Beyond Global, Inc. (FBYD) reported an insider share disposal by major holder Katmandu Ventures, LLC. On January 12, 2026, Katmandu disposed of 691,563 shares of Class A common stock in a transaction with a third party at $7.23 per share.

After this sale, Katmandu beneficially owned 1,753,524 shares of Falcon's Beyond Global Class A common stock. The filing identifies Katmandu as a 10% owner and notes that the reporting persons disclaim beneficial ownership of securities held by others except to the extent of any pecuniary interest.

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

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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 VA 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)
01/12/2026

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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	01/12/2026		J(2)		691,563	D	(2)	1,753,524(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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

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

2. On January 12, 2026, Katmandu disposed of 691,563 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 $7.23 per share.

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	01/14/2026
	** Signature of Reporting Person	Date
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FAQ

What insider transaction did Falcon's Beyond Global (FBYD) disclose?

The company disclosed that Katmandu Ventures, LLC, identified as a 10% owner, disposed of 691,563 shares of Falcon's Beyond Global Class A common stock on January 12, 2026.

At what price were the Falcon's Beyond Global shares sold by Katmandu Ventures?

Katmandu Ventures sold the 691,563 Class A common shares of Falcon's Beyond Global at a price of $7.23 per share to a third party.

How many Falcon's Beyond Global (FBYD) shares does Katmandu Ventures own after the transaction?

Following the reported sale, Katmandu Ventures beneficially owned 1,753,524 shares of Falcon's Beyond Global Class A common stock.

What is Katmandu Ventures' relationship to Falcon's Beyond Global?

Katmandu Ventures, LLC is reported as a 10% owner of Falcon's Beyond Global, Inc. in the insider ownership section of the filing.

Does the filing address beneficial ownership disclaimers for Falcon's Beyond Global shares?

Yes. The filing states that each reporting person, except to the extent it directly holds securities, disclaims beneficial ownership of securities held by the other reporting persons, except for any pecuniary interest.

Who signed the Form 4 related to Falcon's Beyond Global (FBYD)?

The Form 4 was signed on behalf of Katmandu Ventures, LLC by Jill K. Markey, identified with the title Manager, dated January 14, 2026.