Pangaea and sponsor tied to CGCT (NASDAQ: CGCT) add shares, hold major warrants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cartesian Growth Corp III reported insider activity involving entities associated with Chairman and CEO Peter Yu. Pangaea Three-B, LP, which is controlled by Mr. Yu, made an open-market purchase of 6,089 Class A ordinary shares at $10.377 per share, bringing its directly held Class A position to 1,468,894 shares. Earlier in the month, Pangaea made a bona fide gift of 8,195 Class A ordinary shares. The filing also shows significant existing positions: warrants exercisable at $11.50 to acquire 4,400,000 Class A shares held by the sponsor and 324,120 warrants held by Pangaea, plus 6,800,000 Class B ordinary shares held by the sponsor and 100,000 Class B shares held indirectly that are convertible into Class A shares in connection with the company’s initial business combination.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 6,089 shares ($63,186)
Net Buy
6 txns
Insider
CGC III Sponsor LLC, Yu Peter, Pangaea Three-B, LP
Role
null | Chairman and CEO | null
Bought
6,089 shs ($63K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A ordinary shares | 6,089 | $10.377 | $63K |
| Gift | Class A ordinary shares | 8,195 | $0.00 | -- |
| holding | Class B ordinary shares | -- | -- | -- |
| holding | Class B ordinary shares | -- | -- | -- |
| holding | Warrants | -- | -- | -- |
| holding | Warrants | -- | -- | -- |
Holdings After Transaction:
Class A ordinary shares — 1,468,894 shares (Indirect, See footnote);
Class B ordinary shares — 6,800,000 shares (Direct, null);
Class B ordinary shares — 100,000 shares (Indirect, See footnote);
Warrants — 4,400,000 shares (Direct, null);
Warrants — 324,120 shares (Indirect, See footnote)
Footnotes (1)
- Represents Class A ordinary shares of Cartesian Growth Corporation III (the "Issuer") held directly by Pangaea Three-B, LP ("Pangaea"). Pangaea is controlled by Peter Yu. Consequently, Mr. Yu may be deemed to share voting and dispositive control over the securities held by Pangaea, and thus to share beneficial ownership of such securities. Mr. Yu disclaims beneficial ownership of such securities except to the extent of its or his pecuniary interest therein. The Class B ordinary shares of the Issuer have no expiration date and will automatically convert into Class A ordinary shares concurrently with or immediately following the consummation of the Issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to adjustment, as described in the Registration Statement on Form S-1 (File No. 333-284565) (the "Registration Statement") related to the Issuer's initial public offering (the "IPO"). Represents 6,800,000 Class B ordinary shares held directly by the Sponsor and 100,000 Class B ordinary shares held directly by CGC III Sponsor DirectorCo LLC ("DirectorCo") (of which 90,000 shares are held by DirectorCo for the benefit of the Issuer's independent directors). The Sponsor is the sole managing member of DirectorCo. Pangaea is the sole member of the Sponsor and is controlled by Peter Yu. Consequently, each of Pangaea and Mr. Yu may be deemed to share voting and dispositive control over the securities held by the Sponsor and DirectorCo, and thus to share beneficial ownership of such securities. Each of Pangaea and Mr. Yu disclaims beneficial ownership of such securities except to the extent of its or his pecuniary interest therein. Each warrant becomes exercisable on the later of one year after the closing of the Issuer's initial public offering or 30 days after the completion of an initial business combination, as described in the Issuer's prospectus filed with the SEC. The warrants expire five years after the completion of an initial business combination, or earlier upon redemption or liquidation, as described in the Issuer's prospectus filed with the SEC. Represents 4,400,000 private placement warrants held directly by the Sponsor. Pangaea is the sole member of the Sponsor and is controlled by Peter Yu. Consequently, each of Pangaea and Mr. Yu may be deemed to share voting and dispositive control over the securities held by the Sponsor, and thus to share beneficial ownership of such securities. Each of Pangaea and Mr. Yu disclaims beneficial ownership of such securities except to the extent of its or his pecuniary interest therein. Represents 324,120 warrants held directly by Pangaea. Pangaea is controlled by Peter Yu. Consequently, Mr. Yu may be deemed to share voting and dispositive control over the securities held by Pangaea, and thus to share beneficial ownership of such securities. Mr. Yu disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
Key Figures
Open-market purchase: 6,089 Class A shares
Purchase price: $10.377 per share
Class A holdings: 1,468,894 shares
+5 more
8 metrics
Open-market purchase
6,089 Class A shares
Bought at $10.377 per share on May 21, 2026
Purchase price
$10.377 per share
Class A ordinary shares open-market transaction
Class A holdings
1,468,894 shares
Class A ordinary shares held indirectly after purchase
Gifted Class A shares
8,195 shares
Bona fide gift of Class A ordinary shares at $0.00
Sponsor warrants
4,400,000 warrants
Private placement warrants exercisable at $11.50 for Class A
Pangaea warrants
324,120 warrants
Warrants exercisable at $11.50 for Class A
Sponsor Class B shares
6,800,000 shares
Class B ordinary shares convertible into Class A
DirectorCo Class B shares
100,000 shares
Class B ordinary shares held by CGC III Sponsor DirectorCo LLC
Key Terms
bona fide gift, private placement warrants, Class B ordinary shares, beneficial ownership, +1 more
5 terms
bona fide gift financial
"transaction_code_description": "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
private placement warrants financial
"Represents 4,400,000 private placement warrants held directly by the Sponsor."
Private placement warrants are tradable coupons given directly to a limited group of investors that let the holder buy a company's shares at a fixed price before a set expiration date. They matter to investors because they can provide extra upside if the stock rises and give companies a way to raise money outside a public offering, but they also can increase the number of shares outstanding (dilution) and therefore affect share value and investor returns.
beneficial ownership financial
"thus to share beneficial ownership of such securities."
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.
initial business combination financial
"completion of an initial business combination, as described in the Issuer's prospectus"
An initial business combination is the deal in which a special-purpose acquisition company (SPAC) merges with or acquires an operating business to bring that business onto public markets. Think of the SPAC as an empty shell that raises money from investors, then uses that cash to buy a private company—this transaction turns the private company into a public one and often changes its ownership, valuation, and access to capital, so investors should watch for shifts in risk, future growth prospects, and shareholder rights.
