American Exceptionalism Acquisition (AEXA) insiders amend filing on 175,000-share purchase
Rhea-AI Filing Summary
American Exceptionalism Acquisition Corp. A insider entities reported the acquisition of 175,000 Class A ordinary shares on 09/29/2025 at $10 per share. The shares were acquired directly by AEXA Sponsor LLC under a Private Placement Shares Purchase Agreement dated September 25, 2025.
The filing lists AEXA Sponsor LLC, SC SPAC Holdings LLC and Chamath Palihapitiya as reporting persons, each identified as both a director (by deputization) and a 10% owner. SC SPAC Holdings and Mr. Palihapitiya may be deemed to beneficially own the shares through their interests and control of the Sponsor, while disclaiming beneficial ownership except for their pecuniary interests.
This is an amendment to a Form 4 originally filed on September 25, 2025, updating the reporting structure to use SC SPAC Holdings LLC’s own CIK codes without changing the underlying beneficial ownership.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Ordinary Shares | 175,000 | $10.00 | $1.75M |
Footnotes (1)
- Represents shares directly held by AEXA Sponsor LLC (the "Sponsor") and which were acquired pursuant to a Private Placement Shares Purchase Agreement, dated as of September 25, 2025, between the Sponsor and American Exceptionalism Acquisition Corp. A (the "Issuer"). The reporting owner, the Sponsor, in whose name the securities reported herein are held, is managed by its manager, Chamath Palihapitiya. A majority of the voting interests of the Sponsor are held by SC SPAC Holdings LLC ("SC SPAC Holdings"), which is controlled by Mr. Palihapitiya. Mr. Palihapitiya and SC SPAC Holdings may be deemed to beneficially own shares held by the Sponsor by virtue of their direct or indirect interests in the Sponsor or their shared control over the Sponsor, as the case may be. Each of Mr. Palihapitiya and SC SPAC Holdings disclaims beneficial ownership of the shares held by the Sponsor, except to the extent of such person's pecuniary interest therein. This Form 4/A amends the original Form 4 filed on September 25, 2025, which reported SC SPAC Holdings LLC's initial holdings using the Issuer's CIK as an interim measure, pending receipt of SC SPAC Holdings LLC's personal CIK codes. (Continued from footnote 2) This Form 4/A now utilizes SC SPAC Holdings LLC's personal CIK codes, identifying it as the Reporting Owner, with no alteration to its beneficial ownership.
FAQ
What insider transaction did AEXA report in this amended Form 4 for AEXA?
The filing reports that 175,000 Class A ordinary shares of American Exceptionalism Acquisition Corp. A were acquired on 09/29/2025 at a price of $10 per share, held directly by AEXA Sponsor LLC.
Who are the reporting persons in this AEXA Form 4/A?
The reporting persons are AEXA Sponsor LLC, SC SPAC Holdings LLC, and Chamath Palihapitiya. The shares are held in the name of AEXA Sponsor LLC, with SC SPAC Holdings and Mr. Palihapitiya potentially deemed beneficial owners through their interests and control.
What roles do the reporting persons have at American Exceptionalism Acquisition Corp. A (AEXA)?
The filing states that each reporting person is a director (by deputization) and a 10% owner of American Exceptionalism Acquisition Corp. A. The Sponsor and SC SPAC Holdings are deemed directors based on their relationship with Mr. Palihapitiya and the Sponsor.
Why was this AEXA Form 4/A filed as an amendment?
The amendment explains that the original Form 4 filed on September 25, 2025 reported SC SPAC Holdings LLC’s initial holdings using the issuer’s CIK as an interim measure. This amendment updates the filing to use SC SPAC Holdings LLC’s personal CIK codes as the reporting owner, with no change to beneficial ownership.
Do SC SPAC Holdings LLC and Chamath Palihapitiya claim full beneficial ownership of the AEXA shares?
The filing states that SC SPAC Holdings LLC and Chamath Palihapitiya may be deemed to beneficially own the shares held by the Sponsor due to their interests and shared control, but each disclaims beneficial ownership except to the extent of their pecuniary interest in those shares.