Futurewave director files Form 3 with no holdings

Futurewave Acquisition Corp director Sean Michael Deegan filed a Form 3, which is an initial statement of beneficial ownership for company insiders.

Accepted by SEC EDGAR 07/02/2026 - 05:14 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Futurewave Acquisition Corp director Sean Michael Deegan filed a Form 3, which is an initial statement of beneficial ownership for company insiders. The filing shows no reported transactions, derivative positions, or current holdings entries, serving purely as a baseline regulatory disclosure of his insider status.

Key Figures

Net buy/sell shares: 0 shares Buy transactions: 0 Sell transactions: 0

3 metrics

Net buy/sell shares 0 shares Form 3 transactionSummary netBuySellShares

Buy transactions 0 Form 3 transactionSummary buyCount

Sell transactions 0 Form 3 transactionSummary sellCount

Key Terms

Form 3, beneficial ownership, derivative positions

3 terms

Form 3 regulatory

"filed a Form 3, which is an initial statement of beneficial ownership"

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.

beneficial ownership regulatory

"an initial statement of beneficial ownership for company insiders"

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.

derivative positions financial

"no reported transactions, derivative positions, or current holdings entries"

Derivative positions are contracts that derive their value from an underlying asset—such as a stock, bond, currency or commodity—and include instruments like options, futures and swaps. Think of them as bets or insurance tied to an asset’s future price: they let investors amplify returns, hedge risk or take exposure without owning the asset directly, which can meaningfully increase potential gains, losses and volatility in a portfolio.

FAQ

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

What does the Futurewave Acquisition Corp (FWAC) Form 3 for Sean Michael Deegan show?

The Form 3 shows that director Sean Michael Deegan is an insider of Futurewave Acquisition Corp. It reports no transactions, no derivative positions, and no holding entries, functioning as a baseline regulatory disclosure of his beneficial ownership status at this time.

Did Sean Michael Deegan buy or sell Futurewave Acquisition Corp (FWAC) shares in this Form 3?

No, the Form 3 reports no purchases or sales by Sean Michael Deegan. Transaction counts and share totals for buys, sells, and exercises are all zero, indicating this filing only establishes his insider status without reporting trading activity.

Does the Futurewave Acquisition Corp (FWAC) Form 3 disclose any derivative securities for Sean Michael Deegan?

No, the derivative section of the Form 3 is empty for Sean Michael Deegan. The derivative transaction count and exerciseShares are zero, and the derivativeSummary contains no positions, indicating no options, warrants, or other derivatives are reported in this filing.

What is the purpose of this Futurewave Acquisition Corp (FWAC) Form 3 filing?

This Form 3 serves as an initial statement of beneficial ownership for director Sean Michael Deegan. It is a regulatory requirement when someone becomes an insider and, in this case, records that no equity holdings or transactions are being reported at the time of filing.

Are there any gifts, tax withholdings, or restructurings reported for Futurewave Acquisition Corp (FWAC) in this Form 3?

No, the filing shows zero gifts, zero tax-withholding dispositions, and zero restructuring-related share movements. All related counts and share totals are reported as zero, confirming no such transactions are associated with Sean Michael Deegan in this initial statement.

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

Understanding Insider Trading Forms →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

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^*

Deegan Sean Michael

(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)

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

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/ Sean Michael Deegan	07/02/2026
	** 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 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)