ETSS director reports 25,000 Class B share holding

Energy Transition Special Opportunities director Emily Starr Kreps reported her initial beneficial ownership on a Form 3.

Rhea-AI Filing Summary

Energy Transition Special Opportunities director Emily Starr Kreps reported her initial beneficial ownership on a Form 3. She holds 25,000 Class B ordinary shares, which will automatically convert into 25,000 Class A ordinary shares in connection with the company’s initial business combination or earlier at her option on a one-for-one basis, subject to adjustment.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Kreps Emily Starr

Role Director

Type	Security	Shares	Price	Value
holding	Class B Ordinary Shares	--	--	--

Holdings After Transaction: Class B Ordinary Shares — 25,000 contracts (Direct)

Footnotes (1)

1. F1. Represents Class B ordinary shares which will automatically convert into Class A ordinary shares concurrently with or immediately following the consummation of the initial business combination of Energy Transition Special Opportunities, 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. 333-290458) related to the Issuer's initial public offering.

Key Figures

Class B ordinary shares held: 25,000 shares Underlying Class A shares: 25,000 shares Conversion price: $0.0000 per share

3 metrics

Class B ordinary shares held 25,000 shares Total Class B ordinary shares directly owned following report

Underlying Class A shares 25,000 shares Underlying Class A ordinary shares on one-for-one conversion

Conversion price $0.0000 per share Exercise or conversion price for Class B into Class A shares

Key Terms

Class B ordinary shares, Class A ordinary shares, initial business combination, Registration Statement on Form S-1

4 terms

Class B ordinary shares financial

"Represents Class B ordinary shares which will automatically convert into Class A ordinary shares concurrently with or immediately following the consummation of the initial business combination"

Class B ordinary shares are a type of ownership stake in a company that typically come with different voting rights or privileges compared to other share classes. For investors, they represent a way to hold part of the company’s value and influence its decisions, often with fewer voting rights than Class A shares. Understanding these shares helps investors assess their level of control and potential returns within a company.

Class A ordinary shares financial

"will automatically convert into Class A ordinary shares concurrently with or immediately following the consummation of the initial business combination"

Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.

initial business combination financial

"concurrently with or immediately following the consummation of the initial business combination of Energy Transition Special Opportunities"

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.

Registration Statement on Form S-1 regulatory

"subject to adjustment, as described in the Registration Statement on Form S-1 (File No. 333-290458) related to the Issuer's initial public offering"

A registration statement on Form S-1 is a detailed filing a company submits to the U.S. securities regulator to register new shares for public sale; it includes a plain-language prospectus, financial statements, business description and risk factors. For investors it matters because it provides the official, comprehensive blueprint of the offering — like an owner’s manual — allowing buyers to assess risks, inspect financial health and compare valuation before deciding to invest.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does Emily Starr Kreps report on her Form 3 for ETSS?

Emily Starr Kreps reports initial beneficial ownership of 25,000 Class B ordinary shares. These shares are disclosed as part of her position as a director of Energy Transition Special Opportunities, giving investors visibility into her equity alignment with the company’s future business combination.

How many ETSS shares does Emily Starr Kreps beneficially own?

She beneficially owns 25,000 Class B ordinary shares. According to the filing, these Class B shares are tied to 25,000 underlying Class A ordinary shares, reflecting a one-for-one conversion basis in connection with the company’s planned business combination structure.

What is the conversion feature of ETSS Class B ordinary shares?

The 25,000 Class B ordinary shares automatically convert into Class A ordinary shares. Conversion occurs concurrently with or immediately after ETSS’s initial business combination, or earlier at the holder’s option, on a one-for-one basis, subject to adjustment described in the company’s Form S-1 registration statement.

Is there an exercise price on Emily Starr Kreps’ ETSS Class B shares?

The filing lists an exercise or conversion price of 0.0000 for her Class B ordinary shares. This reflects the sponsor-style structure where these founder-type shares convert into Class A shares without additional cash payment when the business combination conditions are met.

Are Emily Starr Kreps’ ETSS holdings direct or indirect?

Her 25,000 Class B ordinary shares are reported as directly owned. The ownership code is listed as D for direct ownership, with no separate trust or entity noted, indicating the shares are held in her own name rather than through an intermediary vehicle.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/14/2026 - 08:25 PM EDT Learn about SEC filing dates

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Kreps Emily Starr

(Last) (First) (Middle)

C/O ENERGY TRANSITION SPECIAL

OPPORTUNITIES 71 ORCHARD PL, UNIT 1

(Street)

GREENWICH CONNECTICUT 06830

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
05/14/2026

3. Issuer Name and Ticker or Trading Symbol
Energy Transition Special Opportunities [ ETSS ]

3a. Foreign Trading Symbol

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

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

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

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Class B Ordinary Shares	(1)	(1)	Class A ordinary shares	25,000(1)	(1)	D

Explanation of Responses:

1. Represents Class B ordinary shares which will automatically convert into Class A ordinary shares concurrently with or immediately following the consummation of the initial business combination of Energy Transition Special Opportunities, 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. 333-290458) related to the Issuer's initial public offering.

Remarks:

See Exhibit 24.1 - Power of Attorney

	/s/ Tricia Branker, as Attorney-in-Fact	05/14/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)