RRE Ventures director-linked LLC granted warrants, B shares

RRE Ventures Acquisition Corp. director awards via affiliated LLC show compensation-style grants rather than open-market trades.

Rhea-AI Filing Summary

RRE Ventures Acquisition Corp. director awards via affiliated LLC show compensation-style grants rather than open-market trades. Keegan Investment Holdings, LLC, an entity associated with director Brian Frederick Daly, received 250,000 private placement warrants at $1.00 each, exercisable for Class A Ordinary Shares at $11.50 per share after the company’s initial business combination. The same LLC also received 75,000 and then an additional 30,000 Class B Ordinary Shares, which are convertible into Class A Ordinary Shares on a one-for-one basis with no expiration.

Insights

Equity compensation analyst

Filing shows routine equity awards to an entity linked to a director.

The transactions reflect grant/award acquisitions of warrants and Class B Ordinary Shares by Keegan Investment Holdings, LLC, which is associated with director Brian Frederick Daly. These are compensation-style awards, not open-market purchases or sales, so they carry weaker signaling value about near-term stock views.

The LLC now holds 250,000 private placement warrants at an $11.50 exercise price and a total of 105,000 Class B Ordinary Shares. The Class B shares automatically convert into Class A shares at the time of the issuer’s initial business combination, or earlier at the reporting person’s option, which ties ultimate value to that future transaction.

Insider Trade Summary

Grant/Award: 355,000 shares

Grant/Award 3 txns

Insider Daly Brian Frederick

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Warrant	250,000	$1.00	$250K
Grant/Award	Class B Ordinary Shares	30,000	$0.00	$0.00
Grant/Award	Class B Ordinary Shares	75,000	$0.00	$0.00

Holdings After Transaction: Class B Ordinary Shares — 105,000 contracts (Indirect, By Keegan Investment Holdings, LLC); Warrant — 250,000 contracts (Indirect, By Keegan Investment Holdings, LLC)

Footnotes (3)

1. F1. 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. F2. These securities were previously reported on a Form 3 filed by the Reporting Person.
3. F3. 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.

Key Figures

Private placement warrants granted: 250,000 warrants Warrant exercise price: $11.50 per share Class B shares granted (first grant): 75,000 shares +2 more

5 metrics

Private placement warrants granted 250,000 warrants Grant to Keegan Investment Holdings, LLC at $1.00 per warrant

Warrant exercise price $11.50 per share Exercise price for Class A Ordinary Shares under the warrants

Class B shares granted (first grant) 75,000 shares Class B Ordinary Shares awarded on March 25, 2026

Class B shares granted (second grant) 30,000 shares Additional Class B Ordinary Shares awarded on March 28, 2026

Total Class B shares after grants 105,000 shares Total Class B Ordinary Shares held by Keegan Investment Holdings, LLC

Key Terms

private placement warrants, Class B Ordinary Shares, initial business combination, Form 3, +1 more

5 terms

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.

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.

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.

liquidation financial

"will expire five years after the completion of the Issuer's initial business combination or earlier upon liquidation"

Liquidation is the process of turning a company’s assets into cash to pay off debts and close the business, often by selling property, inventory or investments. For investors it matters because liquidation determines whether there will be any money left for shareholders after creditors are paid and how much they might recover — like a garage sale where items are sold to settle bills, with leftovers (if any) shared last.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did RRE Ventures Acquisition Corp. director Brian Frederick Daly report in this Form 4 for RREVU?

The filing reports that an entity associated with director Brian Frederick Daly received equity awards. Keegan Investment Holdings, LLC acquired 250,000 private placement warrants and multiple grants of Class B Ordinary Shares that are convertible into Class A Ordinary Shares on a one-for-one basis.

How many private placement warrants were granted in the RREVU Form 4 filing?

Keegan Investment Holdings, LLC received 250,000 private placement warrants. Each warrant has an exercise price of $11.50 per Class A Ordinary Share and becomes exercisable 30 days after completion of RRE Ventures Acquisition Corp.’s initial business combination, then expires five years after that combination or earlier upon liquidation.

What Class B Ordinary Share awards are disclosed for RRE Ventures Acquisition Corp. (RREVU)?

The filing shows Keegan Investment Holdings, LLC was awarded 75,000 Class B Ordinary Shares on March 25, 2026 and an additional 30,000 Class B Ordinary Shares on March 28, 2026. After these grants, the LLC holds 105,000 Class B shares in total according to the reported figures.

How do the Class B Ordinary Shares in this RREVU filing convert into Class A shares?

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

Are the transactions in this RRE Ventures Acquisition Corp. Form 4 open-market buys or sales?

No, the transactions are coded as grant or award acquisitions, not open-market buys or sales. The Form 4 describes compensation-style awards of private placement warrants and Class B Ordinary Shares to Keegan Investment Holdings, LLC, an entity through which the reporting person holds an indirect ownership interest.

When do the private placement warrants reported for RREVU become exercisable and when do they expire?

The private placement warrants become exercisable 30 days after completion of RRE Ventures Acquisition Corp.’s initial business combination. They expire five years after that business combination is completed, or earlier if the company is liquidated, according to the footnote disclosure in the filing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/05/2026 - 04:30 PM Learn about SEC filing dates

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^*

Daly Brian Frederick

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/25/2026

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

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
Class B Ordinary Shares	(1)	03/25/2026		A		75,000		(1)	(1)	Class A Ordinary Shares	75,000	$0	75,000(2)	I	By Keegan Investment Holdings, LLC
Class B Ordinary Shares	(1)	03/28/2026		A		30,000		(1)	(1)	Class A Ordinary Shares	30,000	$0	105,000(2)	I	By Keegan Investment Holdings, LLC
Warrant	$11.5	05/01/2026		A		250,000		(3)	(3)	Class A Ordinary Shares	250,000	$1	250,000	I	By Keegan Investment Holdings, LLC

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 Kassin, Attorney-in-Fact	05/05/2026
	** 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)