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Futurewave Acquisition (NASDAQ: FWAC) CEO Daniel McCabe files insider Form 3

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
3

Rhea-AI Filing Summary

Futurewave Acquisition Corp director and executive Daniel M. McCabe, who serves as Chairman and CEO, filed an initial Form 3 as a reporting person. This filing establishes his status as an insider for regulatory reporting purposes. The data provided does not show any reported transactions or derivative positions in this filing.

Positive

  • None.

Negative

  • None.
Form 3 regulatory
"filed an initial Form 3 as a reporting person"
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
reporting person regulatory
"filed an initial Form 3 as a reporting person"
beneficial ownership financial
"initial statement of beneficial ownership for insiders at a public company"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
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FAQ

What does Daniel M. McCabe’s Form 3 for FWAC indicate?

The Form 3 identifies Daniel M. McCabe, Chairman and CEO of Futurewave Acquisition Corp, as a reporting insider. It establishes his obligation to report future trades and holdings in the company’s securities under SEC rules.

Does the FWAC Form 3 for Daniel M. McCabe show any share transactions?

The Form 3 data provided shows no reported share purchases, sales, or derivative exercises. It functions mainly as an initial registration of McCabe’s insider status rather than a record of trading activity.

What insider roles does Daniel M. McCabe hold at Futurewave Acquisition Corp?

Daniel M. McCabe is listed as both a director and an officer of Futurewave Acquisition Corp, holding the titles of Chairman and CEO. This dual role makes him a key reporting person under SEC insider rules.

Are any derivative securities reported for Daniel M. McCabe in this FWAC filing?

The derivative summary in the Form 3 is empty, indicating no reported options, warrants, or other derivative securities for Daniel M. McCabe in this particular filing. Future filings may disclose such positions if they arise.

Why is a Form 3 important for FWAC insiders like Daniel M. McCabe?

Form 3 is the initial statement of beneficial ownership for insiders at a public company. For FWAC, it formally records McCabe’s insider status and sets the baseline for subsequent Forms 4 and 5 reporting changes in his holdings.
SEC Form 3
FORM 3UNITED 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*
McCabe Daniel M.

(Last)(First)(Middle)
C/O FUTUREWAVE ACQUISITION CORPORATION,
1185 6TH AVE., 3RD FLOOR

(Street)
NEW YORK NEW YORK 10036

(City)(State)(Zip)

UNITED STATES

(Country)
2. Date of Event Requiring Statement (Month/Day/Year)
06/24/2026
3. Issuer Name and Ticker or Trading Symbol
Futurewave Acquisition Corp [ FWACU ]
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)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Chairman and CEO
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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 ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
No securities are beneficially owned.
/s/ Daniel M. McCabe07/02/2026
** Signature of Reporting PersonDate
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)