Director at HCM IV Acquisition Corp. (HACQU) assigned 25,000 Class B shares

Rhea-AI Filing Summary

HCM IV Acquisition Corp. director Richard Charles Donohoe reported an "other" equity transaction involving 25,000 Class B ordinary shares on February 11, 2026. These shares were assigned to him by the Sponsor in connection with his appointment to the board at a stated price of $0.003 per share, leaving him with 25,000 shares directly held. The Class B ordinary shares are automatically convertible into Class A ordinary shares on a one-for-one basis upon the company’s initial business combination, subject to anti-dilution adjustments and potential forfeiture tied to his board service.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Donohoe Richard Charles

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)

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. Donohoe'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. Donohoe, dated February 11, 2026, the Sponsor assigned 25,000 Class B ordinary shares to Mr. Donohoe in connection with Mr. Donohoe's appointment to the Issuer's Board of Directors.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Donohoe Richard Charles

(Last) (First) (Middle)

C/O HCM IV ACQUISITION CORP.

85 WASHINGTON STREET

(Street)

NORWALK CT 06854

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
HCM IV Acquisition Corp. [ HACQ ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

3. Date of Earliest Transaction (Month/Day/Year)
02/11/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Class B Ordinary Shares	(1)	02/11/2026		J(2)		25,000		(1)	(1)	Class A Ordinary Shares	25,000	$0.003	25,000	D

Explanation of Responses:

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. Donohoe's service on the Issuer's Board of Directors.

2. As contemplated by the securities purchase agreement between HCM Investor Holdings IV, LLC (the "Sponsor") and Mr. Donohoe, dated February 11, 2026, the Sponsor assigned 25,000 Class B ordinary shares to Mr. Donohoe in connection with Mr. Donohoe's appointment to the Issuer's Board of Directors.

	/s/ Richard Donohoe, by Steven Bischoff with Power of Attorney	02/18/2026
	** 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 4 (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.

FAQ

What insider transaction did HCM IV Acquisition Corp. (HACQU) report for Richard Donohoe?

HCM IV Acquisition Corp. reported an "other" equity transaction where director Richard Charles Donohoe was assigned 25,000 Class B ordinary shares. The assignment came from the Sponsor under a securities purchase agreement connected to his appointment to the board.

How many HCM IV Acquisition Corp. Class B shares did Richard Donohoe receive?

Richard Charles Donohoe received 25,000 Class B ordinary shares of HCM IV Acquisition Corp. After this assignment, his directly held balance is 25,000 shares, all from this transaction documented on the Form 4 insider filing.

What was the reported price for the HCM IV Acquisition Corp. Class B shares assigned to Richard Donohoe?

The Form 4 lists a transaction price of $0.003 per Class B ordinary share for the 25,000 shares assigned to Richard Charles Donohoe. This pricing reflects the terms disclosed for the equity assignment related to his board appointment.

How are HCM IV Acquisition Corp. Class B ordinary shares treated in relation to Class A shares?

The Class B ordinary shares are automatically convertible into Class A ordinary shares on a one-for-one basis at the time of HCM IV Acquisition Corp.’s initial business combination. This conversion is subject to specified anti-dilution adjustments and has no stated expiration date.

Are the Class B shares assigned to Richard Donohoe subject to forfeiture at HCM IV Acquisition Corp.?

Yes. The Class B ordinary shares assigned to Richard Charles Donohoe may be forfeited under certain circumstances related to his service on HCM IV Acquisition Corp.’s Board of Directors, as described in the Form 4 footnotes.

Who transferred the 25,000 HCM IV Acquisition Corp. Class B shares to Richard Donohoe?

The 25,000 Class B ordinary shares were assigned to Richard Charles Donohoe by HCM Investor Holdings IV, LLC, the Sponsor. This transfer occurred under a securities purchase agreement dated February 11, 2026, in connection with his appointment to the board.