Falcon's Beyond Global (FBYD) major holder details 43.48% stake and sales

Rhea-AI Filing Summary

Falcon's Beyond Global, Inc. major stockholders Infinite Acquisitions Partners LLC and Erudite Cria, Inc. filed Amendment No. 5 to update their Schedule 13D on the company’s Class A common stock.

They report beneficial ownership of 21,363,249 Class A shares, representing 43.48% of the class under SEC Rule 13d-3. This includes 20,963,249 shares not subject to transfer restrictions, 150,000 earnout shares received on December 12, 2025 that are locked up for one year, and 250,000 additional earnout shares held in escrow for Infinite Acquisitions.

The amendment also discloses that on March 9, 2026, Infinite Acquisitions disposed of 2,350,068 Class A shares at $6.25 per share, and on March 11, 2026, initiated delivery of 2,354,610 Class A shares to satisfy obligations under prior redemption agreements with its former equityholders.

Insights

Equity ownership analyst

Large FBYD holder updates 43.48% stake and recent share dispositions.

Infinite Acquisitions Partners and Erudite Cria reaffirm beneficial ownership of 21,363,249 Falcon's Beyond Global Class A shares, or 43.48% of that class, including a mix of freely tradable stock, locked-up earnout shares, and escrowed earnout shares.

The filing details two recent transactions: a disposal of 2,350,068 shares at $6.25 per share on March 9, 2026, and an initiation of delivery of 2,354,610 shares on March 11, 2026 to satisfy obligations under earlier redemption agreements with former equityholders.

This amendment refines the composition of the holder’s position, clarifying which shares are unrestricted, locked up, or contingent on earnout conditions. Subsequent company filings may further outline how remaining earnout units convert into Class A shares over time.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 5)

Falcon's Beyond Global, Inc.

(Name of Issuer)

Class A common stock, par value $0.0001 per share

(Title of Class of Securities)

Lucas Demerau
c/o Infinite Acquisitions Partners LLC, 2430 Pump Road, #356
Henrico, VA, 23233
407-801-0553

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

03/09/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP Number(s):

1

Name of reporting person

Infinite Acquisitions Partners LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 21,363,249.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 21,363,249.00

11

Aggregate amount beneficially owned by each reporting person

21,363,249.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

43.48 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

The 21,363,249 shares beneficially owned includes (i) 20,963,249 shares of Class A Common Stock of the Issuer which are not subject to transfer restrictions, (ii) 150,000 Class A Common Stock which was received on December 12, 2025 upon the satisfaction of certain earnout targets and are subject to an additional 1-year lockup from the date such securities were earned, and (iii) 250,000 shares of Class A Common Stock that are subject to earnout (the "Class A Earnout Shares") that are being held in an escrow account for the benefit of Infinite Acquisitions. Does not include (i) 4,875,000 Class A Common Stock issuable upon the redemption of an equal number of Common Units that were issued as Earnout Units (as defined in Item 3 of this Schedule 13D) which have been earned but are subject to lockup until December 12, 2026 and (ii) an additional 8,125,000 shares of Class A Common Stock issuable upon the redemption of an equal number of Common Units that were issued as Earnout Units (as defined in Item 3 of this Schedule 13D) which have not yet been earned. The beneficial ownership percentage was calculated on the basis of Rule 13d-3 of the Exchange Act. See Item 5.

SCHEDULE 13D

CUSIP Number(s):

1

Name of reporting person

Erudite Cria, Inc.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 21,363,249.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 21,363,249.00

11

Aggregate amount beneficially owned by each reporting person

21,363,249.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

43.48 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

The 21,363,249 shares beneficially owned includes (i) 20,963,249 shares of Class A Common Stock of the Issuer which are not subject to transfer restrictions, (ii) 150,000 Class A Common Stock which was received on December 12, 2025 upon the satisfaction of certain earnout targets and are subject to an additional 1-year lockup from the date such securities were earned, and (iii) 250,000 shares of Class A Common Stock that are subject to earnout (the "Class A Earnout Shares") that are being held in an escrow account for the benefit of Infinite Acquisitions. Does not include (i) 4,875,000 Class A Common Stock issuable upon the redemption of an equal number of Common Units that were issued as Earnout Units (as defined in Item 3 of this Schedule 13D) which have been earned but are subject to lockup until December 12, 2026 and (ii) an additional 8,125,000 shares of Class A Common Stock issuable upon the redemption of an equal number of Common Units that were issued as Earnout Units (as defined in Item 3 of this Schedule 13D) which have not yet been earned. The beneficial ownership percentage was calculated on the basis of Rule 13d-3 of the Exchange Act. See Item 5.

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Class A common stock, par value $0.0001 per share
(b)	Name of Issuer: Falcon's Beyond Global, Inc.
(c)	Address of Issuer's Principal Executive Offices: 1768 Park Center Drive, Orlando, FLORIDA , 32835.
Item 1 Comment: This Amendment No. 5 ("Amendment No. 5") to Schedule 13D relates to the shares of Class A common stock, par value $0.0001 per share ("Class A Common Stock"), of Falcon's Beyond Global, Inc., a Delaware corporation (the "Issuer") and amends and supplements the initial statement on Schedule 13D filed on February 13, 2024, as amended by Amendment No. 1 to the Schedule 13D filed on June 18, 2024, as amended by Amendment No. 2 to the Schedule 13D filed on November 22, 2024, as amended by Amendment No. 3 to Schedule 13D filed on January 8, 2025, as amended by Amendment No. 4 to Schedule 13D filed on July 11, 2025 (as amended, the "Schedule 13D"). Except as specifically provided herein, this Amendment No. 5 does not modify any of the information previously reported in the Schedule 13D. Capitalized terms used but not defined in this Amendment No. 5 shall have the same meanings ascribed to them in the Schedule 13D.
Item 3.	Source and Amount of Funds or Other Consideration
	Item 3 of the Schedule 13D is hereby amended and supplemented as follows: The information provided and incorporated by reference in Item 5 is hereby incorporated by reference in this Item 3.
Item 4.	Purpose of Transaction
	The information provided and incorporated by reference in Item 3 is hereby incorporated by reference in this Item 4.
Item 5.	Interest in Securities of the Issuer
(a)	Items 5 (a)-(c) of the Schedule 13D are hereby amended and restated as follows: The aggregate number and percentage of the Class A Common Stock beneficially owned by each Reporting Person and, for each Reporting Person, the number of shares as to which there is sole power to vote or to direct the vote, shared power to vote or to direct the vote, sole power to dispose or to direct the disposition, or shared power to dispose or to direct the disposition are set forth on rows 7 through 11 and row 13 of the cover pages of this Schedule 13D and are incorporated herein by reference. As reported on the cover pages hereto, the Reporting Persons may each be deemed to beneficially own 21,363,249 shares of Class A Common Stock consisting of (i) 20,963,249 shares of Class A Common Stock of the Issuer which are not subject to transfer restrictions, (ii) 150,000 Class A Common Stock which was received on December 12, 2025 upon the satisfaction of certain earnout targets and are subject to an additional 1-year lockup from the date such securities were earned, and (iii) 250,000 shares of Class A Common Stock that are subject to earnout (the "Class A Earnout Shares") that are being held in an escrow account for the benefit of Infinite Acquisitions. The beneficial ownership reported above represents approximately 43.48% of the outstanding shares of Class A Common Stock, as calculated pursuant to Rule 13d-3 of the Securities Exchange Act of 1934, as amended. The filing of this statement on Schedule 13D shall not be construed as an admission that the Reporting Persons are, for the purposes of Section 13(d) or 13(g) of the Exchange Act or any other purpose, the beneficial owner of any shares of Class A Common Stock subject to earnout conditions or which may be received upon redemption of Common Units. Pursuant to Rule 13d-4, the Reporting Persons disclaim all such beneficial ownership.
(b)	See Item 5(a) above.
(c)	On March 9, 2026, Infinite Acquisitions disposed of 2,350,068 shares of Class A Common Stock, at a price of $6.25 per share. On March 11, 2026, Infinite Acquisitions initiated the delivery of 2,354,610 shares of Class A Common Stock to satisfy an obligation of Infinite Acquisitions to deliver shares of Class A Common Stock pursuant to obligations underlying certain redemption agreements entered into with former equityholders of Infinite Acquisitions prior to the Business Combination described in the Registration Statement on Form S-4 (File No. 333-269778) (the "Registration Statement").

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Infinite Acquisitions Partners LLC

Signature:	/s/ Lucas Demerau
Name/Title:	Lucas Demerau, President
Date:	03/12/2026

Erudite Cria, Inc.

Signature:	/s/ Lucas Demerau
Name/Title:	Lucas Demerau, President
Date:	03/12/2026

FAQ

What does Infinite Acquisitions disclose about its FBYD ownership in this amendment?

Infinite Acquisitions and Erudite Cria disclose beneficial ownership of 21,363,249 Falcon's Beyond Global Class A shares, representing 43.48% of that class. This includes unrestricted shares, locked-up earnout shares received in December 2025, and additional earnout shares held in escrow.

How many Falcon's Beyond Global (FBYD) shares are unrestricted for the reporting holders?

The holders report 20,963,249 Falcon's Beyond Global Class A shares that are not subject to transfer restrictions. These form the unrestricted portion of their disclosed 21,363,249-share beneficial position, separate from locked-up and escrowed earnout-related shares described in the amendment.

What earnout-related FBYD shares are included in the beneficial ownership figure?

The ownership figure includes 150,000 Class A shares received on December 12, 2025 after earnout targets were met, subject to a one-year lockup, and 250,000 Class A earnout shares held in escrow for Infinite Acquisitions, which remain contingent on earnout conditions.

What FBYD share sale did Infinite Acquisitions report on March 9, 2026?

On March 9, 2026, Infinite Acquisitions disposed of 2,350,068 Falcon's Beyond Global Class A shares at a price of $6.25 per share. This transaction is one of the key updates disclosed in the Schedule 13D/A amendment.

Why did Infinite Acquisitions deliver FBYD shares on March 11, 2026?

On March 11, 2026, Infinite Acquisitions initiated delivery of 2,354,610 Falcon's Beyond Global Class A shares to satisfy obligations under redemption agreements with its former equityholders, which were entered into before the business combination described in a Form S-4 registration statement.

Do the reporting persons claim full beneficial ownership of all potential FBYD earnout shares?

No. They state that beneficial ownership is calculated under Rule 13d-3, but they expressly disclaim beneficial ownership of Class A shares subject to earnout conditions or issuable upon redemption of Common Units, citing Rule 13d-4 in the disclosure language.