Director Michael A. Woronoff joins Ares Acquisition III (AAC) with Form 3 filing
Rhea-AI Filing Summary
Ares Acquisition Corp III filed an initial Form 3 for director Michael A. Woronoff. This filing serves as his first required statement of beneficial ownership as a board member. The data provided shows no reported transactions or derivative positions at this time.
Positive
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Key Terms
Form 3, director, ten percent owner
3 terms
Form 3 regulatory
"Ares Acquisition Corp III filed an initial Form 3 for director Michael A. Woronoff."
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
director financial
"This filing serves as his first required statement of beneficial ownership as a board member."
ten percent owner regulatory
"He is identified solely as a director, not a ten percent owner, which affects reporting thresholds."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does the Ares Acquisition Corp III (AAC) Form 3 for Michael A. Woronoff report?
The Form 3 for Michael A. Woronoff reports his initial status as a director of Ares Acquisition Corp III. It functions as his first statement of beneficial ownership, with no transactions or derivative positions shown in the provided data.
Does the AAC Form 3 show any stock transactions by Michael A. Woronoff?
No, the Form 3 data shows no stock transactions by Michael A. Woronoff. The transaction summary lists zero buys, zero sells, and zero derivative exercises, indicating this filing is purely an initial ownership report rather than a trade disclosure.
What role does Michael A. Woronoff hold at Ares Acquisition Corp III (AAC)?
Michael A. Woronoff is listed as a director of Ares Acquisition Corp III. The Form 3 flags him as a director, not an officer and not a ten percent owner, establishing his status for future ownership and transaction reporting requirements as a board member.
Is Michael A. Woronoff reported as a ten percent owner of AAC on this Form 3?
No, the Form 3 marks Michael A. Woronoff as not a ten percent owner of Ares Acquisition Corp III. He is identified solely as a director, which affects which SEC ownership reporting thresholds and ongoing disclosure obligations apply to him.
What does a zero netBuySellDirection mean in the AAC Form 3 data?
The zero or neutral netBuySellDirection indicates there were no buys or sells in this filing. Combined with zero exercise, gift, and restructuring counts, it confirms the Form 3 functions only as an initial ownership statement, not as a record of trading activity.