Illumination Acquisition (ILLUU) COO John DeMarais files initial Form 3
Rhea-AI Filing Summary
Illumination Acquisition Corp. I chief operating officer John DeMarais filed an initial Form 3, which is a mandatory statement of beneficial ownership for company insiders. This filing does not report any stock purchases, sales, or other equity transactions by DeMarais at this time.
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FAQ
What does the Illumination Acquisition Corp. I (ILLUU) Form 3 for John DeMarais show?
The Form 3 shows that COO John DeMarais has filed his initial statement of beneficial ownership as an officer of Illumination Acquisition Corp. I. It reports his insider status but does not list any stock purchases, sales, or other equity transactions in this filing.
Why did John DeMarais file a Form 3 for Illumination Acquisition Corp. I (ILLUU)?
John DeMarais filed Form 3 because, as COO of Illumination Acquisition Corp. I, he is considered an insider subject to SEC reporting rules. Form 3 serves as his initial beneficial ownership statement, even though this filing does not list any specific share transactions.
Does the Illumination Acquisition Corp. I Form 3 indicate any derivative or option holdings for John DeMarais?
No, the filing’s derivative summary is empty, indicating no derivative securities such as options or warrants are reported for John DeMarais in this Form 3. It strictly establishes his reporting status without detailing derivative positions or related exercises.
What is the overall transaction activity reported for John DeMarais in the ILLUU Form 3?
The transaction summary reports zero buys, zero sells, and zero other equity transactions for John DeMarais. Net buy-sell shares are listed as zero, confirming that this filing is purely an initial ownership statement with no trading activity included.