CEO Matthew Hammond reports 1.26M Class B shares in Research Alliance (RACD)
Rhea-AI Filing Summary
Research Alliance Corp IV reports that Matthew Hammond, its Chief Executive Officer, director and ten percent owner, has indirect control over 1,263,529 Class B Ordinary Shares held by Research Alliance Holdings IV LLC. These Class B shares have no expiration and automatically convert into an equal number of Class A Ordinary Shares upon the company’s initial business combination, or earlier at the holder’s option, subject to anti-dilution adjustments. Hammond has voting and investment discretion over the sponsor-held securities but disclaims beneficial ownership except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hammond Matthew
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B Ordinary Shares F1, F2 | -- | -- | -- |
Holdings After Transaction:
Class B Ordinary Shares — 1,263,529 shares (Indirect, By Research Alliance Holdings IV LLC)
Footnotes (2)
- F1. Class B Ordinary Shares have no expiration date and will automatically convert into Class A Ordinary Shares of the Issuer at the time of the Issuer's initial business combination on a one-for-one basis (subject to adjustment for sub-divisions, share dividends, reorganizations, recapitalizations and the like), or at any time prior thereto at the option of the holder on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights.
- F2. The Reporting Person is the sole director of Research Alliance Holdings IV 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. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein, if any.
Key Figures
Indirect Class B shares reported: 1263529.0000 shares
Underlying Class A shares on conversion: 1263529.0000 shares
Reporting person ownership threshold: 10%
3 metrics
Indirect Class B shares reported
1263529.0000 shares
Class B Ordinary Shares held through Research Alliance Holdings IV LLC
Underlying Class A shares on conversion
1263529.0000 shares
Class A Ordinary Shares issuable on one-for-one conversion of Class B shares
Reporting person ownership threshold
10%
Reporting person is indicated as a ten percent owner of the issuer
Key Terms
Class B Ordinary Shares, initial business combination, anti-dilution rights, beneficial ownership
4 terms
initial business combination financial
"convert into Class A Ordinary Shares of the Issuer at the time of the Issuer's 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.
anti-dilution rights financial
"one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights"
beneficial ownership regulatory
"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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider stake did Matthew Hammond report in RACD?
Matthew Hammond is associated with 1,263,529 Class B Ordinary Shares of Research Alliance Corp IV, held indirectly through Research Alliance Holdings IV LLC. He has voting and investment discretion but disclaims beneficial ownership beyond any pecuniary interest he may have.
What is Matthew Hammond’s ownership status in RACD?
Hammond is identified as a director, Chief Executive Officer, and ten percent owner of Research Alliance Corp IV. He may be deemed to have beneficial ownership of securities held by the sponsor entity but expressly disclaims such ownership beyond any pecuniary interest.