Fortress Value Acquisition (FVAV) sponsor sells 30K Class B shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fortress Value Acquisition Sponsor V LLC, a 10% owner of Fortress Value Acquisition Corp. V, reported an open-market sale of 30,000 Class B ordinary shares. The shares were sold at $0.003 per share for aggregate consideration of $104.35.
After this transaction, the reporting person holds 7,127,500 Class B ordinary shares. Each Class B share is convertible into a Class A ordinary share on a one-for-one basis, with no expiration date, under the issuer’s governing documents.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 30,000 shares ($90)
Net Sell
1 txn
Insider
Fortress Value Acquisition Sponsor V LLC
Role
null
Sold
30,000 shs ($90.00)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class B ordinary shares, par value $0.0001 per share | 30,000 | $0.003 | $90.00 |
Holdings After Transaction:
Class B ordinary shares, par value $0.0001 per share — 7,127,500 shares (Direct, null)
Footnotes (1)
- Pursuant to the Issuer's amended and restated memorandum and articles of association, each issued and outstanding Class B ordinary share has no expiration date and (i) is convertible into Class A ordinary shares, par value $0.0001 per share ("Class A Shares"), of the Issuer at any time at the option of the holder on a one-for-one basis and (ii) will automatically convert into Class A Shares at the time of the Issuer's initial business combination on a one-for-one basis, in each case, subject to adjustment as described under the heading "Description of Securities-Founder Shares and Private Placement Shares" in the Issuer's registration statement on Form S-1 (File No. 333-293340) The Reporting Person sold 30,000 Class B Ordinary Shares for the aggregate consideration of $104.35.
Key Figures
Shares sold: 30,000 shares
Sale price per share: $0.003 per share
Aggregate sale value: $104.35
+2 more
5 metrics
Shares sold
30,000 shares
Class B ordinary shares sold in open-market transaction
Sale price per share
$0.003 per share
Price for Class B ordinary shares sold
Aggregate sale value
$104.35
Total consideration for 30,000 Class B shares sold
Shares owned after transaction
7,127,500 shares
Class B ordinary shares held by reporting person after sale
Conversion ratio
1 Class B share = 1 Class A share
Conversion terms under issuer’s governing documents
Key Terms
Class B ordinary shares, open-market sale, amended and restated memorandum and articles of association, convertible
4 terms
open-market sale financial
"transaction_action: "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
amended and restated memorandum and articles of association regulatory
"Pursuant to the Issuer's amended and restated memorandum and articles of association, each issued and outstanding Class B ordinary share has no expiration date"
convertible financial
"each issued and outstanding Class B ordinary share has no expiration date and (i) is convertible into Class A ordinary shares"
A convertible is a type of investment that starts as a loan or preferred stake (like a bond or preferred share) but can be exchanged for common shares of the company at a set price or under certain conditions. It matters to investors because it offers a mix of steady income and downside protection like a loan, plus the upside of stock ownership if the company does well—similar to holding a coupon that you can trade for a full ticket if the event becomes valuable.
FAQ
What insider transaction did FVAV report on this Form 4?
Fortress Value Acquisition Sponsor V LLC reported selling 30,000 Class B ordinary shares of Fortress Value Acquisition Corp. V in an open-market transaction, as disclosed in the Form 4 filing.
Was this FVAV insider transaction classified as a buy or a sell?
The Form 4 classifies the transaction as an open-market sale. It uses transaction code “S” and the normalized transaction fields describe it as a sell transaction, reducing the reporting person’s Class B share count by 30,000.