East West Ave Acquisition (EWAVU) insider buys and sells company units

Rhea-AI Filing Summary

Space Summit Opportunity Fund I LP, a ten percent owner of East West Ave Acquisition Corp., together with its manager Space Summit Capital LLC, reported mixed trading in the company’s units on July 31, 2026. The fund purchased 1,087,000 units at $10.00 and sold 90,469 units at $9.94, for a net purchase of 996,531 units that day.

Insider Trade Summary

Net Buyer: 996,531 shares

Net Buy 2 txns

Insider Space Summit Capital LLC, Space Summit Opportunity Fund I LP

Role Insider | 10% Owner

Bought 1,087,000 shs ($10.87M)

Sold 90,469 shs ($899K)

Type	Security	Shares	Price	Value
Purchase	Units	1,087,000	$10.00	$10.87M
Sale	Units	90,469	$9.94	$899K

Holdings After Transaction: Units — 996,531 shares (Direct)

Key Figures

Units purchased: 1087000.0000 units Units sold: 90469.0000 units Net units purchased: 996531 units +2 more

5 metrics

Units purchased 1087000.0000 units Non-derivative purchase on July 31, 2026 at $10.0000 per unit

Units sold 90469.0000 units Non-derivative sale on July 31, 2026 at $9.9400 per unit

Net units purchased 996531 units Net of reported buy and sell transactions on July 31, 2026

Buy transactions count 1 Number of non-derivative purchase transactions reported for July 31, 2026

Sell transactions count 1 Number of non-derivative sale transactions reported for July 31, 2026

Key Terms

ten percent owner, open market or private transaction, non-derivative, Rule 10b5-1

4 terms

ten percent owner regulatory

"Space Summit Opportunity Fund I LP is described as a ten percent owner"

open market or private transaction financial

"Categorized as a purchase in open market or private transaction"

non-derivative financial

"Each units trade is identified as a non-derivative transaction"

Rule 10b5-1 regulatory

"The Rule 10b5-1 trading plan checkbox is present but not affirmed"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/04/2026 - 08:47 PM Accepted by SEC EDGAR 08/04/2026 - 08:47 PM Learn about SEC filing dates

FAQ

What insider transactions did Space Summit Opportunity Fund I LP report for EWAVU?

Space Summit Opportunity Fund I LP reported both buying and selling East West Ave Acquisition units. On July 31, 2026 it purchased 1,087,000 units at $10.00 and sold 90,469 units at $9.94, resulting in a same-day mixed trade for the issuer.

How many EWAVU units did the insider buy, and at what price?

On July 31, 2026, the insider group led by Space Summit Opportunity Fund I LP bought 1,087,000 units of East West Ave Acquisition Corp. at a price of $10.00 per unit in a non-derivative transaction described as an open market or private purchase.

Did the insider sell any EWAVU units, and what were the sale terms?

Yes. On the same date, the reporting entities sold 90,469 units of East West Ave Acquisition Corp. at $9.94 per unit. This sale was also reported as a non-derivative transaction categorized as a sale in an open market or private transaction.

What was the net effect of the reported insider trades in EWAVU units?

Combining the purchase and sale, the reporting entities had a net purchase of 996,531 units of East West Ave Acquisition Corp. on July 31, 2026. This reflects 1,087,000 units bought and 90,469 units sold in non-derivative transactions on that date.

Were the EWAVU insider trades made under a Rule 10b5-1 trading plan?

The Rule 10b5-1 checkbox for these transactions was not marked as affirmed. The disclosure does not indicate that the July 31, 2026 purchase and sale of East West Ave Acquisition units were executed pursuant to a pre-arranged Rule 10b5-1 trading plan.

Who are the reporting entities involved in the EWAVU insider transactions?

The transactions involve Space Summit Opportunity Fund I LP, identified as a ten percent owner of East West Ave Acquisition Corp., and Space Summit Capital LLC, which serves as the manager of the fund. Both are listed as reporting persons in the ownership disclosure.

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
Estimated average burden
hours per response:			0.5

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^*

Space Summit Capital LLC

(Last) (First) (Middle)

6240 WEST 3RD STREET

#421

(Street)

LOS ANGELES CALIFORNIA 90036

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
East West Ave Acquisition Corp. [ EWAV ]

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

	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
			Manager of the LP

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/31/2026

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

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

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

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
Units	07/31/2026		P		1,087,000	A	$10	1,087,000	D
Units	07/31/2026		S		90,469	D	$9.94	996,531	D

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^*

Space Summit Capital LLC

(Last) (First) (Middle)

6240 WEST 3RD STREET

#421

(Street)

LOS ANGELES CALIFORNIA 90036

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
			Manager of the LP

1. Name and Address of Reporting Person^*

Space Summit Opportunity Fund I LP

(Last) (First) (Middle)

15455 ALBRIGHT STREET

(Street)

PACIFIC PALISADES CALIFORNIA 90272

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

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

Explanation of Responses:

Remarks:

Space Summit Capital LLC is the manager of Space Summit Opportunity Fund I LP.

	Keith Fleishmann as Managing Member of the Space Summit Capital LLC.	08/04/2026
	** 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 4 (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 4: SEC 1474 (03-26)