RRE Ventures (RREVU) president awarded 600K Class B shares and 500K warrants
Rhea-AI Filing Summary
RRE Ventures Acquisition Corp. president Jeffrey Douglas Epstein reported awards of warrants and founder shares. He received 500,000 private placement warrants at a purchase price of $1.0000 per warrant, each exercisable for Class A Ordinary Shares at a conversion price of $11.5000.
He was also granted 450,000 Class B Ordinary Shares on March 2, 2026 and a further 150,000 Class B Ordinary Shares on March 18, 2026, bringing his Class B holdings to 600,000 shares. According to the filing, the Class B Ordinary Shares will automatically convert into Class A Ordinary Shares on a one-for-one basis upon the issuer’s initial business combination, or earlier at his option.
Positive
- None.
Negative
- None.
Insights
President receives sizable founder shares and private placement warrants as compensation.
The filing shows Jeffrey Douglas Epstein, president of RRE Ventures Acquisition Corp., acquiring 600,000 Class B Ordinary Shares and 500,000 private placement warrants through awards. These are compensation-type grants rather than open-market purchases or sales.
The Class B Ordinary Shares automatically convert into Class A on a one-for-one basis at the initial business combination, while the private placement warrants become exercisable 30 days after that combination at $11.5000 per share. The impact for investors depends on the company’s total share base and future business combination terms, which are not detailed in this data.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Warrant | 500,000 | $1.00 | $500K |
| Grant/Award | Class B Ordinary Shares | 150,000 | $0.00 | -- |
| Grant/Award | Class B Ordinary Shares | 450,000 | $0.00 | -- |
Footnotes (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.