Research Alliance Corp III (RACC) sponsor gets 275,000-share equity award at $10

Rhea-AI Filing Summary

Research Alliance Corp III director and CEO Matthew Hammond reported an acquisition of 275,000 Class A Ordinary Shares at $10.00 per share. The shares are held indirectly through Research Alliance Holdings III LLC, the sponsor entity, which now holds 275,000 shares after this grant or award.

Hammond is the sole director of the sponsor and has voting and investment discretion over these securities, but he disclaims beneficial ownership except for any pecuniary interest he may have. This is a compensation-related acquisition rather than an open-market purchase.

Insights

Equity compensation analyst

CEO-linked entity received a 275,000-share award at $10.00.

The filing shows Research Alliance Holdings III LLC, the sponsor entity associated with CEO Matthew Hammond, acquiring 275,000 Class A Ordinary Shares at $10.00 per share via a grant or award. This is an indirect holding, not an open-market trade.

The transaction increases the sponsor’s reported position to 275,000 shares, aligning Hammond’s economic exposure with shareholders through equity rather than cash. Because it is a single compensation-related award with no sales or derivative exercises, it looks like a routine incentive grant rather than a directional trading signal.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Hammond Matthew

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Grant/Award	Class A Ordinary Shares	275,000	$10.00	$2.75M

Holdings After Transaction: Class A Ordinary Shares — 275,000 shares (Indirect, By Research Alliance Holdings III LLC)

Footnotes (1)

1. [object Object]

Key Figures

Shares granted: 275,000 shares Grant price: $10.00 per share Shares held after grant: 275,000 shares +1 more

4 metrics

Shares granted 275,000 shares Grant of Class A Ordinary Shares to sponsor entity

Grant price $10.00 per share Price per share for equity grant

Shares held after grant 275,000 shares Total Class A Ordinary Shares held by sponsor entity following transaction

Transaction code A (grant, award, or other acquisition) SEC Form 4 non-derivative transaction classification

Key Terms

Class A Ordinary Shares, grant, award, or other acquisition, beneficial ownership, pecuniary interest, +1 more

5 terms

Class A Ordinary Shares financial

"security_title: "Class A Ordinary Shares""

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.

grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition""

beneficial ownership financial

"may be deemed to have beneficial ownership of the securities held directly by the Sponsor"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

pecuniary interest financial

"disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein"

indirect ownership financial

"ownership_type: "indirect" with nature_of_ownership "By Research Alliance Holdings III LLC""

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 05/26/2026 - 07:47 AM Accepted by SEC EDGAR 05/21/2026 - 04:14 PM Learn about SEC filing dates

FAQ

What insider transaction did Research Alliance Corp III (RACC) disclose?

Research Alliance Corp III disclosed that an entity associated with CEO Matthew Hammond received a grant of 275,000 Class A Ordinary Shares at $10.00 per share, increasing that entity’s reported holdings to 275,000 shares through an indirect ownership position.

Who received the 275,000-share award reported for RACC?

The 275,000-share award was received by Research Alliance Holdings III LLC, the sponsor of Research Alliance Corp III. Matthew Hammond is the sponsor’s sole director and has voting and investment discretion over the securities held by this entity.

Is the RACC Form 4 transaction a market purchase or a grant?

The Form 4 transaction is classified as a grant, award, or other acquisition at $10.00 per share, not an open-market purchase. It reflects equity compensation to an entity associated with CEO Matthew Hammond rather than a voluntary buy in the public market.

How many RACC shares does the sponsor entity hold after this transaction?

After this transaction, Research Alliance Holdings III LLC is reported as holding 275,000 Class A Ordinary Shares. This entire amount comes from the grant or award disclosed, and the position is shown as an indirect holding for Matthew Hammond.

How does Matthew Hammond’s beneficial ownership in RACC shares work?

Matthew Hammond, as sole director of Research Alliance Holdings III LLC, has voting and investment discretion over its RACC shares and may be deemed a beneficial owner. However, he expressly disclaims beneficial ownership except to the extent of his pecuniary interest in those securities, if any.

What does the transaction code on the RACC Form 4 indicate?

The RACC Form 4 uses transaction code A, described as a grant, award, or other acquisition. This indicates shares were awarded to the sponsor entity tied to CEO Matthew Hammond, rather than being bought or sold in open-market trading.

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^*

Hammond Matthew

(Last) (First) (Middle)

C/O RESEARCH ALLIANCE CORPORATION III

600 FIFTH AVENUE, 23RD FLOOR

(Street)

NEW YORK NEW YORK 10020

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Research Alliance Corp III [ RACC ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/21/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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

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
Class A Ordinary Shares	05/21/2026		A		275,000	A	$10	275,000	I	By Research Alliance Holdings III LLC(1)

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

Explanation of Responses:

1. Mr. Hammond is the sole director of Research Alliance Holdings III LLC (the "Sponsor"). As such, he has voting and investment discretion with respect to the securities held of record by the Sponsor and may be deemed to have beneficial ownership of the securities held directly by the Sponsor. Mr. Hammond disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein, if any.

	/s/ Henry Stusnick, Attorney-in-Fact	05/21/2026
	** 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.
* Form 4: SEC 1474 (03-26)