GIG Form 4 reports multiple insider transactions
Katz Avi S reported multiple insider transaction types in a Form 4 filing for GIG.
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Form Type
4
Rhea-AI Filing Summary
Katz Avi S reported multiple insider transaction types in a Form 4 filing for GIG. The filing lists transactions totaling 204,600 shares. Following the reported transactions, holdings were 14,800 shares.
Insider Trade Summary
Net Seller: 175,000 shares
Net Sell
3 txns
Insider
Katz Avi S, GigAcquisitions7 Corp., Dinu Raluca
Role
CEO; Chairmain | 10% Owner | Director, 10% Owner
Sold
175,000 shs ($0.00)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Convertible Promissory Note | 14,800 | $0.00 | $0.00 |
| Grant/Award | Convertible Promissory Note | 14,800 | $0.00 | $0.00 |
| Sale | Class B ordinary shares | 175,000 | $0.00 | $0.00 |
Holdings After Transaction:
Class B ordinary shares — 9,932,246 contracts (Indirect, GigAcquisitions7 Corp.);
Convertible Promissory Note — 29,600 contracts (Indirect, GigAcquisitions7 Corp.)
Holdings Before and After:
Class B ordinary shares, 10,107,246 to 9,932,246 contracts (Indirect, GigAcquisitions7 Corp.);
Convertible Promissory Note, 0 to 29,600 contracts (Indirect, GigAcquisitions7 Corp.)
Footnotes (6)
- F1. The Class B ordinary shares are convertible for the Issuer's Class A ordinary shares as described under the heading "Description of Securities" in the Issuer's Registration Statement on Form S-1 (File No. 333-280015) and have no expiration date.
- F2. The reporting person sold 175,000 shares of Class B ordinary shares for an aggregate of $148,750, which the reporting person holds indirectly through GigAcquisitions7 Corp.
- F3. The Class B ordinary shares are held directly by GigAcquisitions7 Corp. (the "Sponsor"). The shares held by the Sponsor are beneficially owned by Dr. Katz, GigCapital7 Corp.'s Chief Executive Officer and Chairman of the Board of Directors, and Dr. Raluca Dinu, GigCapital7 Corp.'s Director. Dr. Katz and Dr. Dinu are the sole members of the Sponsor, who both have the voting and dispositive power over the shares held by the Sponsor.
- F4. On January 30, 2026, the Issuer entered into a Convertible Promissory Note (the "Note") promising to pay Sponsor, $148,000.00. All amounts due under the Note may be converted into 14,800 units. Each unit consisting of one Class A ordinary share and one warrant to purchase one Class A ordinary share, resulting in the aggregate of 14,800 Class A ordinary shares and warrants to purchase an additional 14,800 Class A ordinary shares of the Issuer at the discretion of the Sponsor upon the consummation of the business combination. The warrants shall have the same terms and conditions as warrants issued in the Issuer's initial public offering. The acquisition of the Note by the Sponsor, and through it, the beneficial acquisition of the Note by the Sponsor's sole members, is an exempt transaction under Rule 16b-3, promulgated by the U.S. Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934, as amended.
- F5. The principal balance of the Note shall be payable by the Issuer on the earlier of: (i) the date on which Issuer consummates its initial business combination or (ii) the date that the winding up of the Issuer is effective. Payee may elect to convert the Note upon consummation of an initial business combination of the Issuer or at Payee's option at any time prior to the payment in full.
- F6. The Issuer's Class A ordinary shares and warrants as described under the heading "Description of Securities" in the Issuer's Registration Statement on Form S-1 (File No. 333-280015).
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions were reported for GigCapital7 Corp. (GIG) in this Form 4?
The filing reports that GigCapital7’s sponsor entity sold 175,000 Class B ordinary shares for an aggregate $148,750 and separately acquired a $148,000 convertible promissory note that can be turned into units with Class A shares and warrants.
Who is behind GigAcquisitions7 Corp. in the GigCapital7 (GIG) Form 4 filing?
GigAcquisitions7 Corp., the sponsor, holds shares beneficially owned by Dr. Avi Katz, GigCapital7’s CEO and Chairman, and Dr. Raluca Dinu, a director. They are the sponsor’s sole members and share voting and dispositive power over the sponsor’s holdings.
What are the key terms of the GigCapital7 (GIG) convertible promissory note?
GigCapital7 issued a $148,000 convertible promissory note to its sponsor. The note is convertible into 14,800 units, each unit containing one Class A ordinary share and one warrant to purchase one Class A ordinary share, at the sponsor’s discretion upon a business combination.
What securities can the GigCapital7 (GIG) note convert into if exercised?
If converted, the $148,000 note can become 14,800 units. Each unit includes one Class A ordinary share and one warrant to buy one Class A ordinary share, resulting in 14,800 Class A shares and warrants for 14,800 additional Class A shares.
When is the GigCapital7 (GIG) convertible promissory note due?
The principal of the GigCapital7 sponsor note is payable on the earlier of the company’s initial business combination or its winding up. The payee may also elect to convert the note any time before full repayment, including upon a business combination.
How are the GigCapital7 (GIG) sponsor’s warrants described in the Form 4?
The warrants issuable upon conversion of the sponsor’s note will purchase Class A ordinary shares and have the same terms and conditions as the warrants issued in GigCapital7’s initial public offering, aligning their structure with the IPO warrants described in the S-1 registration statement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
