STOCK TITAN
  1. Home
  2. Sec-filings
  3. FERA
  4. [Form 4] Fifth Era Acquisition Corp I Insider Trading Activity

Fifth Era (FERA) Insider Transfer: 922,313 Class B Shares Move to Mechigian

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Fifth Era Acquisition Corp I Form 4 reports an internal transfer of founder shares: 922,313 Class B ordinary shares were transferred by Fifth Era Acquisition Sponsor I LLC to Mitchell Mechigian, with the transaction dated 09/04/2025 and the filing signed on 09/16/2025. The filing reiterates that Class B shares convert one-for-one into Class A shares at the issuer's initial business combination and explains that Fifth Era Management Sponsor I LLC has voting and investment discretion for shares held of record by the Sponsor. Managing members Matthew Le Merle, Alison Davis and Mitchell Mechigian disclaim beneficial ownership except to the extent of any pecuniary interest.

Positive

  • Transfer documented: The Form 4 clearly records the transfer of 922,313 Class B ordinary shares to Mitchell Mechigian, providing transparency.
  • Conversion mechanics reiterated: Filing restates that Class B shares convert one-for-one into Class A shares at the issuer's initial business combination, clarifying potential future share class impact.
  • Clear ownership structure: Disclosure explains that the Sponsor is the record holder and that Fifth Era Management Sponsor I LLC and its managing members hold voting and investment discretion, improving clarity on control.

Negative

  • None.

Insights

TL;DR: A routine founder-share transfer that clarifies record ownership and beneficial-disclaimer by managing members.

The Form 4 documents an intra-sponsor transfer of 922,313 Class B ordinary shares to an individual managing member, Mitchell Mechigian. This is consistent with founder/shareholder reallocation common in SPAC structures and the filing clearly restates conversion mechanics of Class B to Class A shares. The disclosure that the Sponsor is the record holder while the management sponsor holds voting and investment discretion provides transparency about who controls voting power, and the explicit disclaimers limit perceived beneficial ownership to pecuniary interest.

TL;DR: Transfer is operationally material to insider holdings but not immediately market-moving.

The reported transfer of 922,313 Class B ordinary shares from the Sponsor to Mr. Mechigian is a documented redistribution of founder shares dated 09/04/2025. The Form 4 supplies required detail on record versus beneficial ownership and confirms the automatic one-for-one conversion feature for Class B shares at the time of an initial business combination. No sale to the public or change in aggregate public float is disclosed here.

Insider Fifth Era Acquisition Sponsor I LLC, Fifth Era Management Sponsor I LLC, Le Merle Matthew C, DAVIS ALISON, Mechigian Mitchell
Role 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner
Sold 922,313 shs ($0.00)
Type Security Shares Price Value
Sale Class B ordinary shares 922,313 $0.00 --
Holdings After Transaction: Class B ordinary shares — 6,744,354 shares (Direct)
Footnotes (1)
  1. As described in the registration statement on Form S-1 (File No. 333-284793) of Fifth Era Acquisition Corp I (the "Issuer") under the heading "Description of Securities--Founder Shares," the Class B ordinary shares, par value $0.0001 per share, of the Issuer ("Class B Ordinary Shares") will automatically convert into Class A ordinary shares, par value $0.0001 per share, of the Issuer ("Class A Ordinary Shares") at the time of the Issuer's initial business combination, or at any time prior to the Issuer's initial business combination, at the option of the holder, on a one-for-one basis, subject to certain adjustments. The Class B ordinary shares have no expiration date. Represents 922,313 Class B Ordinary Shares transferred by Fifth Era Acquisition Sponsor I LLC (the "Sponsor") to Mitchell Mechigian. Excludes the 922,313 Class B Ordinary Shares held by Mr. Mechigian in his individual capacity, as reported under item 2 above. The Sponsor is the record holder of the shares reported herein. Fifth Era Management Sponsor I LLC ("FEMS") is the managing member of the Sponsor. Matthew Le Merle, Alison Davis and Mitchell Mechigian are the managing members of FEMS and hold voting and investment discretion with respect to the Class B Ordinary Shares held of record by the Sponsor. As such, Mr. Le Merle, Ms. Davis and Mr. Mechigian may be deemed to have beneficial ownership of the securities held of record by the Sponsor. Mr. Le Merle, Ms. Davis and Mr. Mechigian disclaim any beneficial ownership except to the extent of their pecuniary interest therein.
Form 4 Insider Transactions: What Each Field Means →
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).
1. Name and Address of Reporting Person*
Fifth Era Acquisition Sponsor I LLC
(Last) (First) (Middle)
C/O FIFTH ERA ACQUISITION CORP I
PO BOX 1093 BOUNDARY HALL CRICKET SQUARE
(Street)
GRAND CAYMAN E9 KY1-1102
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Fifth Era Acquisition Corp I [ FERA ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
09/15/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
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
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
Class B ordinary shares(1) (1) 09/04/2025 S 922,313(2) (1) (1) Class A Ordinary Shares 922,313(2) (2) 6,744,354(3)(4) D(4)
1. Name and Address of Reporting Person*
Fifth Era Acquisition Sponsor I LLC
(Last) (First) (Middle)
C/O FIFTH ERA ACQUISITION CORP I
PO BOX 1093 BOUNDARY HALL CRICKET SQUARE
(Street)
GRAND CAYMAN E9 KY1-1102
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Fifth Era Management Sponsor I LLC
(Last) (First) (Middle)
C/O FIFTH ERA ACQUISITION CORP I
PO BOX 1093 BOUNDARY HALL CRICKET SQUARE
(Street)
GRAND CAYMAN E9 KY1-1102
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Le Merle Matthew C
(Last) (First) (Middle)
C/O FIFTH ERA ACQUISITION CORP I
PO BOX 1093 BOUNDARY HALL CRICKET SQUARE
(Street)
GRAND CAYMAN E9 KY1-1102
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
DAVIS ALISON
(Last) (First) (Middle)
C/O FIFTH ERA ACQUISITION CORP I
PO BOX 1093 BOUNDARY HALL CRICKET SQUARE
(Street)
GRAND CAYMAN E9 KY1-1102
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Mechigian Mitchell
(Last) (First) (Middle)
C/O FIFTH ERA ACQUISITION CORP I
PO BOX 1093 BOUNDARY HALL CRICKET SQUARE
(Street)
GRAND CAYMAN E9 KY1-1102
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
Explanation of Responses:
1. As described in the registration statement on Form S-1 (File No. 333-284793) of Fifth Era Acquisition Corp I (the "Issuer") under the heading "Description of Securities--Founder Shares," the Class B ordinary shares, par value $0.0001 per share, of the Issuer ("Class B Ordinary Shares") will automatically convert into Class A ordinary shares, par value $0.0001 per share, of the Issuer ("Class A Ordinary Shares") at the time of the Issuer's initial business combination, or at any time prior to the Issuer's initial business combination, at the option of the holder, on a one-for-one basis, subject to certain adjustments. The Class B ordinary shares have no expiration date.
2. Represents 922,313 Class B Ordinary Shares transferred by Fifth Era Acquisition Sponsor I LLC (the "Sponsor") to Mitchell Mechigian.
3. Excludes the 922,313 Class B Ordinary Shares held by Mr. Mechigian in his individual capacity, as reported under item 2 above.
4. The Sponsor is the record holder of the shares reported herein. Fifth Era Management Sponsor I LLC ("FEMS") is the managing member of the Sponsor. Matthew Le Merle, Alison Davis and Mitchell Mechigian are the managing members of FEMS and hold voting and investment discretion with respect to the Class B Ordinary Shares held of record by the Sponsor. As such, Mr. Le Merle, Ms. Davis and Mr. Mechigian may be deemed to have beneficial ownership of the securities held of record by the Sponsor. Mr. Le Merle, Ms. Davis and Mr. Mechigian disclaim any beneficial ownership except to the extent of their pecuniary interest therein.
/s/ Mitchell Mechigian, Managing Member of Fifth Era Acquisition Sponsor I LLC 09/16/2025
/s/ Mitchell Mechigian, Managing Member of Fifth Era Management Sponsor I LLC 09/16/2025
/s/ Matthew Le Merle 09/16/2025
/s/ Alison Davis 09/16/2025
/s/ Mitchell Mechigian 09/16/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What transaction does the FERA Form 4 report?

The Form 4 reports a transfer of 922,313 Class B ordinary shares from Fifth Era Acquisition Sponsor I LLC to Mitchell Mechigian, dated 09/04/2025.

Who is the record holder and who has voting discretion for the shares?

Fifth Era Acquisition Sponsor I LLC is the record holder; Fifth Era Management Sponsor I LLC and managing members Matthew Le Merle, Alison Davis and Mitchell Mechigian have voting and investment discretion over those record-held shares.

Do the Class B ordinary shares convert into Class A shares?

Yes. The filing reiterates that Class B ordinary shares automatically convert into Class A ordinary shares on a one-for-one basis at the issuer's initial business combination, subject to adjustment.

When was the Form 4 signed by reporting persons?

The signatures on the Form 4 are dated 09/16/2025.

Does the filing indicate any sale to the public or change in public float?

No. The document discloses an internal transfer among sponsor/insider entities and does not report a sale to the public or an increase in public float.