25,000 Class B shares assigned to HCM IV (NASDAQ: HACQU) director
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HCM IV Acquisition Corp. director Thomas Albert Sapio reported an allocation of 25,000 Class B ordinary shares, assigned to him by the Sponsor under a securities purchase agreement in connection with his appointment to the board. These Class B shares are automatically convertible into Class A ordinary shares on a one-for-one basis at the time of the company’s initial business combination, subject to anti-dilution adjustments, and have no expiration date. The Class B shares are also subject to potential forfeiture under certain circumstances related to Mr. Sapio’s board service.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Sapio Thomas Albert
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class B Ordinary Shares | 25,000 | $0.003 | $75.00 |
Holdings After Transaction:
Class B Ordinary Shares — 25,000 shares (Direct)
Footnotes (1)
- The Class B ordinary shares are automatically convertible into the shares of the Issuer's Class A ordinary shares at the time of the Issuer's initial business combination on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights, and have no expiration date. The Class B ordinary shares are subject to forfeiture under certain circumstances relating to Mr. Sapio's service on the Issuer's Board of Directors. As contemplated by the securities purchase agreement between HCM Investor Holdings IV, LLC (the "Sponsor") and Mr. Sapio, dated February 11, 2026, the Sponsor assigned 25,000 Class B ordinary shares to Mr. Sapio in connection with Mr. Sapio's appointment to the Issuer's Board of Directors.
FAQ
What insider transaction did HCM IV Acquisition Corp. (HACQU) disclose?
HCM IV Acquisition Corp. disclosed that director Thomas Albert Sapio was assigned 25,000 Class B ordinary shares by the Sponsor. The assignment was made under a securities purchase agreement in connection with his appointment to the company’s Board of Directors.