GSR V director reports 20,000 Class B shares

GSR V Acquisition Corp. director Kuan Man Wa filed an initial ownership report showing a position in the company’s sponsor equity.

Rhea-AI Filing Summary

GSR V Acquisition Corp. director Kuan Man Wa filed an initial ownership report showing a position in the company’s sponsor equity. The filing reports direct ownership of 20,000 Class B ordinary shares. These Class B shares are convertible into 20,000 Class A ordinary shares on a one-for-one basis.

According to the disclosure, the Class B shares will automatically convert into Class A shares at the time of a qualifying initial business combination, or earlier at the holder’s option, subject to certain adjustments. The footnote states that these conversion rights have no expiration date, meaning the director’s economic interest is tied to the future business combination outcome.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Kuan Man Wa

Role Director

Type	Security	Shares	Price	Value
holding	Class B ordinary shares	--	--	--

Holdings After Transaction: Class B ordinary shares — 20,000 contracts (Direct)

Footnotes (1)

1. F1. As described in Issuer's Registration Statement on Form S-1 (File No. 333-295415), as amended, the Class B ordinary shares, par value $0.0001 per share, of the Issuer will automatically convert into Class A ordinary shares, par value $0.0001 per share, of the Issuer at the time of a qualifying initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to certain adjustments, and have no expiration date.

Key Figures

Class B shares held: 20,000 shares Underlying Class A shares: 20,000 shares Conversion price: $0.0000 per share +1 more

4 metrics

Class B shares held 20,000 shares Direct holdings reported on Form 3

Underlying Class A shares 20,000 shares One-for-one conversion from Class B

Conversion price $0.0000 per share Exercise/conversion price for Class B into Class A

Par value per share $0.0001 Par value of Class B and Class A ordinary shares

Key Terms

Class B ordinary shares, Class A ordinary shares, initial business combination, one-for-one basis

4 terms

Class B ordinary shares financial

"the Class B ordinary shares, par value $0.0001 per share, of the Issuer will automatically convert"

Class B ordinary shares are a type of ownership stake in a company that typically come with different voting rights or privileges compared to other share classes. For investors, they represent a way to hold part of the company’s value and influence its decisions, often with fewer voting rights than Class A shares. Understanding these shares helps investors assess their level of control and potential returns within a company.

Class A ordinary shares financial

"convert into Class A ordinary shares, par value $0.0001 per share, of the Issuer"

Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.

initial business combination financial

"will automatically convert into Class A ordinary shares ... at the time of a qualifying initial business combination"

An initial business combination is the deal in which a special-purpose acquisition company (SPAC) merges with or acquires an operating business to bring that business onto public markets. Think of the SPAC as an empty shell that raises money from investors, then uses that cash to buy a private company—this transaction turns the private company into a public one and often changes its ownership, valuation, and access to capital, so investors should watch for shifts in risk, future growth prospects, and shareholder rights.

one-for-one basis financial

"convert into Class A ordinary shares ... on a one-for-one basis, subject to certain adjustments"

FAQ

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

What does GSRVU Form 3 reveal about Kuan Man Wa’s holdings?

The Form 3 shows that director Kuan Man Wa directly holds 20,000 Class B ordinary shares of GSR V Acquisition Corp. These shares are convertible into 20,000 Class A ordinary shares in connection with a qualifying initial business combination.

How many GSR V Acquisition Corp. Class B shares does the director own?

The director is reported to own 20,000 Class B ordinary shares. A footnote explains that these shares will automatically convert into 20,000 Class A ordinary shares upon a qualifying initial business combination or earlier at the holder’s option.

How do GSRVU Class B ordinary shares convert into Class A shares?

The filing states that the Class B ordinary shares automatically convert into Class A ordinary shares at the time of a qualifying initial business combination, or earlier at the holder’s option, on a one-for-one basis, subject to certain adjustments.

Do the Class B shares reported in the GSRVU Form 3 have an expiration date?

According to the footnote, the Class B ordinary shares have no expiration date. They remain outstanding until they automatically convert into Class A ordinary shares at a qualifying initial business combination or are converted earlier at the holder’s option.

What is the economic significance of the director’s Class B holdings in GSRVU?

The 20,000 Class B ordinary shares give the director an interest equivalent to 20,000 Class A shares after conversion. Their value is closely linked to the outcome and timing of GSR V Acquisition Corp.’s eventual qualifying initial business combination.

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

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Accepted by SEC EDGAR 05/18/2026 - 05:57 PM EDT 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^*

Kuan Man Wa

(Last) (First) (Middle)

C/O GSR V ACQUISITION CORP.

5900 BALCONES DRIVE, SUITE 100

(Street)

AUSTIN TEXAS 78731

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
05/13/2026

3. Issuer Name and Ticker or Trading Symbol
GSR V Acquisition Corp. [ GSRV ]

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
Class B ordinary shares	(1)	(1)	Class A ordinary shares	20,000	(1)	D

Explanation of Responses:

1. As described in Issuer's Registration Statement on Form S-1 (File No. 333-295415), as amended, the Class B ordinary shares, par value $0.0001 per share, of the Issuer will automatically convert into Class A ordinary shares, par value $0.0001 per share, of the Issuer at the time of a qualifying initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to certain adjustments, and have no expiration date.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney

	/s/ Lewis Silberman, Attorney-in-Fact for Man Wa Kuan	05/18/2026
	** 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)