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RRE Ventures (NASDAQ: RREVU) CEO awarded 250,000 warrants and 525,000 Class B shares

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

RRE Ventures Acquisition Corp. director and CEO Philip Kassin reported awards of warrants and convertible sponsor shares rather than open‑market trades. He received 250,000 private placement warrants at $1.00 per warrant, each exercisable for one Class A Ordinary Share at $11.50 per share. Earlier awards added 450,000 and 75,000 Class B Ordinary Shares, which are convertible into Class A on a one‑for‑one basis in connection with the company’s initial business combination. After these grants, he directly holds 250,000 warrants and 525,000 Class B shares, with no sales or dispositions reported.

Positive

  • None.

Negative

  • None.
Insider Kassin Philip (Phil)
Role Chief Executive Officer
Type Security Shares Price Value
Grant/Award Warrant 250,000 $1.00 $250K
Grant/Award Class B Ordinary Shares 75,000 $0.00 --
Grant/Award Class B Ordinary Shares 450,000 $0.00 --
Holdings After Transaction: Warrant — 250,000 shares (Direct, null); Class B Ordinary Shares — 525,000 shares (Direct, null)
Footnotes (1)
  1. The Class B Ordinary Shares will automatically convert into Class A Ordinary Shares at the time of the Issuer's initial business combination, or at any time prior thereto at the option of the Reporting Person, on a one-for-one basis, subject to adjustment, and have no expiration date. These securities were previously reported on a Form 3 filed by the Reporting Person. The private placement warrants will become exercisable 30 days after the completion of the Issuer's initial business combination and will expire five years after the completion of the Issuer's initial business combination or earlier upon liquidation.
Private placement warrants granted 250,000 warrants Grant on 2026-05-01 at $1.00 per warrant
Warrant exercise price $11.50 per share Each warrant exercisable into one Class A Ordinary Share
Initial Class B grant 450,000 shares Class B Ordinary Shares granted on 2026-03-02
Additional Class B grant 75,000 shares Class B Ordinary Shares granted on 2026-03-18
Class B shares after latest grant 525,000 shares Total Class B Ordinary Shares following 2026-03-18 transaction
Underlying Class A shares 250,000 shares Shares underlying private placement warrants
Underlying Class A from Class B 525,000 shares Potential Class A upon one-for-one conversion of Class B
Class B Ordinary Shares financial
"The Class B Ordinary Shares will automatically convert into Class A Ordinary Shares at the time of the Issuer's initial business combination"
Class B ordinary shares are a type of ownership stake in a company that typically come with different voting rights or privileges compared to other share classes. For investors, they represent a way to hold part of the company’s value and influence its decisions, often with fewer voting rights than Class A shares. Understanding these shares helps investors assess their level of control and potential returns within a company.
initial business combination financial
"at the time of the Issuer's initial business combination, or at any time prior thereto at the option of the Reporting Person"
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.
private placement warrants financial
"The private placement warrants will become exercisable 30 days after the completion of the Issuer's initial business combination"
Private placement warrants are tradable coupons given directly to a limited group of investors that let the holder buy a company's shares at a fixed price before a set expiration date. They matter to investors because they can provide extra upside if the stock rises and give companies a way to raise money outside a public offering, but they also can increase the number of shares outstanding (dilution) and therefore affect share value and investor returns.
Form 3 regulatory
"These securities were previously reported on a Form 3 filed by the Reporting Person"
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
Class A Ordinary Shares financial
"convert into Class A Ordinary Shares at the time of the Issuer's initial business combination"
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.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Kassin Philip (Phil)
(Last)(First)(Middle)
5355 TOWN CENTER ROAD
(Street)
BOCA RATON FLORIDA 33486
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
RRE Ventures Acquisition Corp. [ RREV ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Chief Executive Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Class B Ordinary Shares(1)03/02/2026A450,000 (1) (1)Class A Ordinary Shares450,000$0450,000(2)D
Class B Ordinary Shares(1)03/18/2026A75,000 (1) (1)Class A Ordinary Shares75,000$0525,000(2)D
Warrant$11.505/01/2026A250,000 (3) (3)Class A Ordinary Shares250,000$1250,000D
Explanation of Responses:
1. The Class B Ordinary Shares will automatically convert into Class A Ordinary Shares at the time of the Issuer's initial business combination, or at any time prior thereto at the option of the Reporting Person, on a one-for-one basis, subject to adjustment, and have no expiration date.
2. These securities were previously reported on a Form 3 filed by the Reporting Person.
3. The private placement warrants will become exercisable 30 days after the completion of the Issuer's initial business combination and will expire five years after the completion of the Issuer's initial business combination or earlier upon liquidation.
/s/ Philip Kassin05/05/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did RRE Ventures (RREVU) CEO Philip Kassin report?

Philip Kassin reported three equity awards, not open‑market trades. He received 250,000 private placement warrants at $1.00 each and two grants of Class B Ordinary Shares totaling 525,000 shares, all convertible into Class A Ordinary Shares in connection with the company’s initial business combination.

How many warrants did the RRE Ventures (RREVU) CEO receive and on what terms?

The CEO received 250,000 private placement warrants at $1.00 per warrant. Each warrant is exercisable for one Class A Ordinary Share at an exercise price of $11.50 per share, becoming exercisable 30 days after completion of the initial business combination and expiring five years thereafter or upon liquidation.

What Class B share grants to the RRE Ventures (RREVU) CEO are disclosed?

Philip Kassin was granted 450,000 and 75,000 Class B Ordinary Shares. These Class B shares are convertible into Class A Ordinary Shares on a one‑for‑one basis, either automatically at the time of the initial business combination or earlier at his option, and have no stated expiration date.

Did the RRE Ventures (RREVU) Form 4 show any stock sales or dispositions?

No sales or dispositions are reported in this Form 4. All three transactions use code A for grants or other acquisitions. The filing shows only awards of warrants and Class B Ordinary Shares, with no open‑market purchases, sales, tax‑withholding dispositions, or gifts disclosed.

What are the conversion features of RRE Ventures (RREVU) Class B Ordinary Shares?

Class B Ordinary Shares automatically convert into Class A shares. Conversion occurs at the time of the issuer’s initial business combination or earlier at the reporting person’s option, on a one‑for‑one basis, subject to adjustment, and the Class B shares have no expiration date according to the disclosure.

When can RRE Ventures (RREVU) private placement warrants be exercised?

The private placement warrants become exercisable after the SPAC’s business combination. They are exercisable starting 30 days after completion of the issuer’s initial business combination and expire five years after that date, or earlier if the issuer is liquidated, as described in the footnotes.