[Form 4] Falcon's Beyond Global, Inc. Warrants Insider Trading Activity

Rhea-AI Filing Summary

Falcon's Beyond Global, Inc. (FBYD) – Form 4 insider filing dated 07/08/2025

Infinite Acquisitions Partners LLC ("Infinite"), a director and 10% owner of Falcon’s Beyond Global, reported three transactions dated 07/03/2025 involving the company’s Class A common stock:

• Delivery of 1,700,000 shares to former equity-holders pursuant to pre-business-combination redemption agreements (SEC transaction code J).
• Transfer of 100,000 shares to Infinite shareholders (code J).
• Recognition of an obligation covering 7,969,309 shares that Infinite must deliver over four years under the same redemption agreements (code J).

After the transactions, Infinite’s direct beneficial ownership declined from 22,986,868 shares to 14,917,559 shares, a reduction of roughly 9.8 million shares (≈43%).

The filing also notes:

• 400,000 earn-out shares remain in escrow; entitlement became fixed on 10/06/2023 and will be locked up for one additional year once released.
• Infinite is controlled by its manager, Erudite Cria, Inc.; no individual director is deemed a beneficial owner beyond any pecuniary interest.
• All parties disclaim beneficial ownership of securities held by the others.

No derivative securities were reported. The reported share deliveries arise from contractual obligations linked to the SPAC business combination described in the company’s S-4 registration statement, not open-market sales.

Positive

• 400,000 earn-out shares remain escrowed and subject to an additional one-year lock-up, aligning incentives between Infinite Acquisitions and Falcon’s Beyond Global.

Negative

• 9,769,309 shares (≈43% of Infinite's prior stake) were delivered or obligated for delivery, materially reducing an insider’s ownership and potentially increasing future float.

Insights

Securities Analyst

TL;DR – 9.8 M shares delivered, insider stake cut ≈43%; contractual but still a large supply overhang.

The disposal of 9,769,309 Class A shares lowers Infinite’s ownership to 14.9 M. Although the J code indicates a non-market transfer tied to pre-merger redemption agreements, the magnitude represents a sizable reduction that could signal continued share distribution over the next four years. Investors should monitor any future redemptions and the eventual release of the 400 k earn-out shares, which will remain locked for one year post-release. Near-term trading pressure is possible if recipients elect to sell when lock-ups expire.

Corporate Governance Expert

TL;DR – Contract-driven share transfers honor prior obligations; governance risk appears contained.

The transactions fulfil redemption obligations disclosed in the S-4, aligning with previously communicated terms. Infinite’s layered control structure, with voting concentrated in chairman Lucas Demerau, remains transparent, and the earn-out escrow provides incentive alignment. Because no cash consideration was received and the transfers were anticipated, governance impact is neutral, though continued monitoring of future deliveries is warranted.

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
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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^*

Infinite Acquisitions Partners 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)
07/03/2025

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

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

	Form filed by One Reporting Person
X	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	07/03/2025		J(1)		1,700,000	D	(1)	22,986,868(2)	D(3)
Class A Common Stock	07/03/2025		J(4)		100,000	D	(4)	22,886,868(2)	D(3)
Class A Common Stock	07/03/2025		J(5)		7,969,309	D	(5)	14,917,559(2)	D(3)

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

1. Name and Address of Reporting Person^*

Infinite Acquisitions Partners LLC

(Last) (First) (Middle)

3420 PUMP RD #356

(Street)

HENRICO VA 23233

(City) (State) (Zip)

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 VA 23233

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

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

Explanation of Responses:

1. On July 3, 2025, Infinite Acquisitions Partners LLC ("Infinite Acquisitions") initiated the delivery of 1,700,000 shares of Class A common stock, par value $0.0001 per share ("Class A Common Stock") of Falcon's Beyond Global, Inc. (the "Issuer") 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").

2. Includes 400,000 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 Class A Earnout Shares will be released to Infinite Acquisitions, if at all, upon the satisfaction of certain milestones described in the Registration Statement. Infinite Acquisitions's right to receive the Class A Earnout Shares upon satisfaction of the earnout conditions became fixed and irrevocable effective as of October 6, 2023. Once the Class A Earnout Shares are earned, released and delivered from escrow to Infinite Acquisitions, such shares shall be subject to an additional 1-year lock-up pursuant to an agreement between Infinite Acquisitions and the Issuer.

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.

4. Represents shares of Issuer's Class A Common Stock, $0.01 par value per share, transferred to shareholders of Infinite Acquisitions.

5. Represents an obligation of Infinite Acquisitions to deliver shares of Class A Common Stock (or an equivalent number of Common Units and Class B Common Stock in lieu 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. The arrangement obligates Infinite Acquisitions to deliver 8,433,392 shares of Class A Common Stock which may be acquired upon redemption by Infinite Acquisitions of an equal number of Common Units at certain redemption dates over a four-year period beginning following the closing of the Business Combination. In lieu of delivering Class A Common Stock, Infinite Acquisitions may elect to deliver an equivalent number of Common Units and Class B Common Stock.

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	07/08/2025
	Erudite Cria, Inc., By: /s/ Lucas Demerau, Name: Lucas Demerau, Title: President	07/08/2025
	** Signature of Reporting Person	Date
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FAQ

How many Falcon's Beyond Global (FBYD) shares did Infinite Acquisitions transfer on 07/03/2025?

Infinite transferred 1,700,000 shares and 100,000 shares, and acknowledged an obligation for 7,969,309 additional shares.

What is Infinite Acquisitions’ remaining stake in FBYD after the transactions?

The filing shows 14,917,559 Class A shares beneficially owned directly by Infinite after the reported deliveries.

Why were the FBYD shares delivered by Infinite Acquisitions?

They were required under redemption agreements with former Infinite equity-holders entered into prior to the SPAC business combination.

Are any earn-out shares still outstanding for Infinite Acquisitions?

Yes, 400,000 earn-out shares are in escrow and will be released only if specified milestones are met, then locked for one year.

Does the Form 4 report any derivative securities or option exercises?

No derivative securities were reported in Table II; the filing only covers transfers of Class A common stock.