FIGXU Director Russell Read Files Form 3, Reports Zero Share Ownership

The Form 3 filed on 06/26/2025 discloses the initial statement of beneficial ownership for Russell Read, who has been designated a Director of FIGX Capital Acquisition Corp. (symbol FIGXU).

Rhea-AI Filing Summary

The Form 3 filed on 06/26/2025 discloses the initial statement of beneficial ownership for Russell Read, who has been designated a Director of FIGX Capital Acquisition Corp. (symbol FIGXU). The filing indicates that no non-derivative or derivative securities are currently owned by the reporting person, either directly or indirectly. Because Form 3 is a baseline disclosure required within 10 days of becoming an insider, this document mainly establishes Read’s reporting obligations under Section 16(a) without signalling any immediate insider buying or selling activity. The absence of share ownership suggests there is no direct alignment of economic interest at this time, and the filing contains no other transactions, option grants, or compensatory equity details that could materially influence valuation or governance considerations.

Insights

Securities Analyst

TL;DR New director filed Form 3; reports zero share ownership—administrative, not market-moving.

The Form 3 simply registers Russell Read as an insider following his appointment to FIGX Capital Acquisition Corp.’s board. He attests to owning no shares or derivatives, meaning there is no insider transaction signal—bullish or bearish—to interpret. The filing fulfills statutory requirements but offers no information on compensation, option awards, or future purchase commitments. For investors, the disclosure is procedural; it neither alters capital structure nor provides insight into strategic direction. Accordingly, the expected market impact is minimal.

FAQ

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

What did Russell Read report in the FIGXU Form 3 filing?

He reported no beneficial ownership of FIGX Capital Acquisition Corp. securities, either direct or indirect.

What is the significance of a Form 3 for FIGXU investors?

Form 3 establishes a new insider’s reporting status; it does not imply any transaction but triggers future Section 16 filing obligations.

When was the event date and filing date for the Form 3?

Event date and signature date are both 06/26/2025.

Does the filing indicate any options or warrants granted to Russell Read?

No. The derivative securities table is blank, showing no options, warrants, or other derivatives owned.

What role does Russell Read hold at FIGX Capital Acquisition Corp.?

He is listed as a Director of the company.

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

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Accepted by SEC EDGAR 06/27/2025 - 06:15 PM 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^*

Read Russell

(Last) (First) (Middle)

C/O FIGX CAPITAL ACQUISITION CORP.

428 GREENWOOD BEACH ROAD

(Street)

TIBURON CA 94920

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
06/26/2025

3. Issuer Name and Ticker or Trading Symbol
FIGX Capital Acquisition Corp. [ FIGX ]

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

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

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

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

Explanation of Responses:

No securities are beneficially owned.

	/s/ Russell Read	06/26/2025
	** 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 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.