Falcon's Beyond Global (FBYD) holder sells Series B preferred stake

Rhea-AI Filing Summary

Infinite Acquisitions Partners LLC, a 10% owner of Falcon's Beyond Global, Inc., reported an open-market sale of 1,392,290 shares of the company’s 11% Series B Cumulative Convertible Preferred Stock at $5.00 per share on May 4, 2026. This reduced its Series B Preferred holdings from 4,349,806 shares to 2,957,516 shares. The Series B Preferred automatically converts into Class A common stock at a one-to-one rate starting September 8, 2028 if the Class A volume weighted average sale price equals or exceeds $10.00 for at least 21 out of 30 consecutive trading days. The preferred is not convertible at the holder’s option and does not expire.

Insider Trade Summary

Net Seller: 1,392,290 shares ($6,961,450)

Net Sell 1 txn

Insider Infinite Acquisitions Partners LLC, Erudite Cria, Inc.

Role null | null

Sold 1,392,290 shs ($6.96M)

Type	Security	Shares	Price	Value
Sale	11% Series B Cumulative Convertible Preferred Stock	1,392,290	$5.00	$6.96M

Holdings After Transaction: 11% Series B Cumulative Convertible Preferred Stock — 2,957,516 shares (Direct, null)

Footnotes (1)

1. Pursuant to the terms of the 11% Series B Cumulative Convertible Preferred Stock, par value $0.0001 per share (the "Series B Preferred Stock"), of Falcon's Beyond Global, Inc. (the "Issuer"), starting on September 8, 2028, if at any time the volume weighted average sale price of the Issuer's Class A common stock, par value $0.0001 per share ("Class A Common Stock"), equals or exceeds $10.00 per share (as adjusted to reflect any stock splits, reverse stock splits, stock dividends, extraordinary cash dividends, reorganization or similar transaction) for at least 21 out of 30 consecutive trading days, the Series B Preferred Stock will automatically convert into shares of the Issuer's Class A Common Stock at the then effective conversion rate. The initial conversion rate is one-to-one. The Series B Preferred Stock is not convertible by the holder and does not expire. On May 4, 2026, Infinite Acquisitions Partners LLC ("Infinite Acquisitions") sold 1,392,290 shares of Series B Preferred Stock, at a per share price of $5.00. On December 31, 2025, Infinite Acquisitions acquired 142,615 shares of Series B Preferred Stock pursuant to a payment-in-kind dividend. On March 31, 2026, Infinite Acquisitions acquired 114,865 shares of Series B Preferred Stock pursuant to a payment-in-kind dividend. Prior to the disposition of Series B Preferred Stock on May 4, 2026, the total Series B Preferred Stock held by Infinite Acquisitions was 4,349,806. Represents securities held by Infinite Acquisitions. Infinite Acquisitions is controlled by its manager, Erudite Cria, Inc. ("Infinite Manager"). Investment and voting decisions at Infinite Manager with respect to the securities held by Infinite Acquisitions are made by the board of directors of Infinite Manager. Each director has one vote on all matters presented to the board of Infinite Manager, except that the chairman of the board of directors, Lucas Demerau, has two votes on all matters presented to the board of Infinite Manager. Therefore, no individual director of Infinite Manager is the beneficial owner, for purposes of Rule 13d-3 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), of the securities held by Infinite Acquisitions. Each of Infinite Manager and the directors of Infinite Manager disclaim beneficial ownership over such securities except to the extent of their individual pecuniary interest therein.

Key Figures

Preferred shares sold: 1,392,290 shares Sale price per share: $5.00 per share Holdings before sale: 4,349,806 shares +5 more

8 metrics

Preferred shares sold 1,392,290 shares 11% Series B Cumulative Convertible Preferred Stock sold May 4, 2026

Sale price per share $5.00 per share Open-market sale of Series B Preferred on May 4, 2026

Holdings before sale 4,349,806 shares Total Series B Preferred held by Infinite Acquisitions prior to May 4, 2026 disposition

Holdings after sale 2,957,516 shares Series B Preferred owned by Infinite Acquisitions following the reported transaction

Automatic conversion trigger price $10.00 per share Class A common stock VWAP condition for automatic conversion starting September 8, 2028

Automatic conversion condition days 21 of 30 trading days VWAP threshold duration required for Series B Preferred automatic conversion

Initial conversion rate 1:1 Each Series B Preferred share initially convertible into one Class A common share

Payment-in-kind dividend shares 142,615 and 114,865 shares Series B Preferred acquired via PIK dividends on Dec 31, 2025 and Mar 31, 2026

Key Terms

11% Series B Cumulative Convertible Preferred Stock, volume weighted average sale price, payment-in-kind dividend, automatic convert, +2 more

6 terms

11% Series B Cumulative Convertible Preferred Stock financial

"Pursuant to the terms of the 11% Series B Cumulative Convertible Preferred Stock, par value $0.0001 per share"

volume weighted average sale price financial

"if at any time the volume weighted average sale price of the Issuer's Class A common stock"

payment-in-kind dividend financial

"acquired 142,615 shares of Series B Preferred Stock pursuant to a payment-in-kind dividend"

A payment-in-kind dividend is when a company pays shareholders with additional securities—usually extra shares or debt instruments—instead of cash. It matters to investors because it conserves the company’s cash but effectively gives you store credit rather than money in your pocket, which can lower your ownership percentage and make your return less liquid or harder to sell immediately. Knowing this helps assess a company’s cash health and the real value of the payout.

automatic convert financial

"the Series B Preferred Stock will automatically convert into shares of the Issuer's Class A Common Stock"

Rule 13d-3 regulatory

"no individual director of Infinite Manager is the beneficial owner, for purposes of Rule 13d-3 of the Securities Exchange Act"

Rule 13d-3 defines who is treated as the beneficial owner of a company’s shares for U.S. securities disclosure rules — essentially anyone who has the power to vote or direct how shares are voted, or the power to buy or sell them, even if they don’t hold the certificates. For investors this matters because crossing certain ownership thresholds triggers public filing and disclosure obligations and signals potential control or influence, much like having the keys to a car implies you can drive it even if it’s registered to someone else.

beneficial ownership financial

"disclaim beneficial ownership over such securities except to the extent of their individual pecuniary interest"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Form 4 Insider Transactions: What Each Field Means →

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^*

Infinite Acquisitions Partners LLC

(Last) (First) (Middle)

3420 PUMP RD #356

(Street)

HENRICO VIRGINIA 23233

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/04/2026

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

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

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

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

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
11% Series B Cumulative Convertible Preferred Stock	$5(1)	05/04/2026		S			1,392,290	(1)	(1)	Class A Common Stock	1,392,290	$5(2)	2,957,516	D(3)

1. Name and Address of Reporting Person^*

Infinite Acquisitions Partners LLC

(Last) (First) (Middle)

3420 PUMP RD #356

(Street)

HENRICO VIRGINIA 23233

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Erudite Cria, Inc.

(Last) (First) (Middle)

3420 PUMP RD #356

(Street)

HENRICO VIRGINIA 23233

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

1. Pursuant to the terms of the 11% Series B Cumulative Convertible Preferred Stock, par value $0.0001 per share (the "Series B Preferred Stock"), of Falcon's Beyond Global, Inc. (the "Issuer"), starting on September 8, 2028, if at any time the volume weighted average sale price of the Issuer's Class A common stock, par value $0.0001 per share ("Class A Common Stock"), equals or exceeds $10.00 per share (as adjusted to reflect any stock splits, reverse stock splits, stock dividends, extraordinary cash dividends, reorganization or similar transaction) for at least 21 out of 30 consecutive trading days, the Series B Preferred Stock will automatically convert into shares of the Issuer's Class A Common Stock at the then effective conversion rate. The initial conversion rate is one-to-one. The Series B Preferred Stock is not convertible by the holder and does not expire.

2. On May 4, 2026, Infinite Acquisitions Partners LLC ("Infinite Acquisitions") sold 1,392,290 shares of Series B Preferred Stock, at a per share price of $5.00. On December 31, 2025, Infinite Acquisitions acquired 142,615 shares of Series B Preferred Stock pursuant to a payment-in-kind dividend. On March 31, 2026, Infinite Acquisitions acquired 114,865 shares of Series B Preferred Stock pursuant to a payment-in-kind dividend. Prior to the disposition of Series B Preferred Stock on May 4, 2026, the total Series B Preferred Stock held by Infinite Acquisitions was 4,349,806.

3. Represents securities held by Infinite Acquisitions. Infinite Acquisitions is controlled by its manager, Erudite Cria, Inc. ("Infinite Manager"). Investment and voting decisions at Infinite Manager with respect to the securities held by Infinite Acquisitions are made by the board of directors of Infinite Manager. Each director has one vote on all matters presented to the board of Infinite Manager, except that the chairman of the board of directors, Lucas Demerau, has two votes on all matters presented to the board of Infinite Manager. Therefore, no individual director of Infinite Manager is the beneficial owner, for purposes of Rule 13d-3 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), of the securities held by Infinite Acquisitions. Each of Infinite Manager and the directors of Infinite Manager disclaim beneficial ownership over such securities except to the extent of their individual pecuniary interest therein.

Remarks:

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.

	Infinite Acquisitions Partners LLC, By: /s/ Lucas Demerau, Name: Lucas Demerau, Title: President	05/06/2026
	Erudite Cria, Inc., By: /s/ Lucas Demerau, Name: Lucas Demerau, Title: President	05/06/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Infinite Acquisitions report for FBYD?

Infinite Acquisitions Partners LLC sold 1,392,290 Series B Preferred shares at $5.00 per share. The transaction involved 11% Series B Cumulative Convertible Preferred Stock of Falcon's Beyond Global, Inc., representing an open-market disposition of derivative securities linked to Class A common stock.

How many Falcon's Beyond Series B Preferred shares does Infinite Acquisitions hold after the sale?

Infinite Acquisitions holds 2,957,516 Series B Preferred shares after the sale. Footnotes state it held 4,349,806 shares before selling 1,392,290 shares on May 4, 2026, leaving the reported post-transaction balance of 2,957,516 shares outstanding in this preferred class.

At what price did Infinite Acquisitions sell Falcon's Beyond preferred shares?

The reported sale price was $5.00 per Series B Preferred share. On May 4, 2026, Infinite Acquisitions Partners LLC executed an open-market transaction disposing of 1,392,290 shares of 11% Series B Cumulative Convertible Preferred Stock at this per-share price.

How does Falcon's Beyond Series B Preferred convert into Class A common stock?

The Series B Preferred automatically converts one-to-one into Class A common stock if certain price conditions are met. Starting September 8, 2028, automatic conversion occurs if the Class A VWAP equals or exceeds $10.00 for at least 21 of 30 consecutive trading days.

Can holders voluntarily convert Falcon's Beyond Series B Preferred stock?

No, the Series B Preferred is not convertible at the holder’s option. Conversion occurs only automatically once the specified volume weighted average price condition is satisfied after September 8, 2028, and the preferred stock does not have an expiration date under these terms.

Who controls the securities sold by Infinite Acquisitions in this FBYD Form 4?

The securities are held by Infinite Acquisitions Partners LLC, managed by Erudite Cria, Inc. Investment and voting decisions are made by Infinite Manager’s board, and individual directors disclaim beneficial ownership except for any specific pecuniary interests described in the filing footnotes.