Space Asset Sponsor acquires 415K Class A shares

Space Asset Acquisition Sponsor LLC, the sponsor of Space Asset Acquisition Corp., acquired 415,000 Class A ordinary shares at $10.00 per share.

Rhea-AI Filing Summary

Space Asset Acquisition Sponsor LLC, the sponsor of Space Asset Acquisition Corp., acquired 415,000 Class A ordinary shares at $10.00 per share. These shares are tied to 415,000 Private Placement Units purchased by the sponsor, reflecting its role as a director by deputization and 10% owner.

The sponsor is governed by a three‑member board of managers, and actions regarding these securities require a majority vote. No individual manager is deemed a beneficial owner of the Class A ordinary shares held by the sponsor under this governance structure.

Insider Trade Summary

Grant/Award: 415,000 shares

Grant/Award 1 txn

Insider Space Asset Acquisition Sponsor LLC

Role Director, 10% Owner

Type	Security	Shares	Price	Value
Grant/Award	Class A Ordinary Shares	415,000	$10.00	$4.15M

Holdings After Transaction: Class A Ordinary Shares — 415,000 shares (Direct)

Footnotes (2)

1. F1. The reported Class A ordinary shares are within 415,000 of the Issuer's Private Placement Units, as described under the heading "Description of Securities" in the Issuer's registration statement on Form S-1 (File No. 333-291082), purchased by Space Asset Acquisition Sponsor LLC (the "Sponsor") for $10.00 per Private Placement Unit.
2. F2. This Form 3 is being filed by the Sponsor. The Sponsor is governed by a board of managers consisting of three managers, Jeff Tuder, Peter Ort and Raphael Roettgen. Any action by the Sponsor with respect to the Issuer's securities held by it, including voting and dispositive decisions, requires at least a majority vote of the managers of the board of managers. Under the so-called "rule of three," because voting and dispositive decisions are made by a majority of the managers, none of the managers is deemed to be a beneficial owner of Issuer's securities held by the Sponsor, even those in which such manager holds a pecuniary interest. Accordingly, none of the managers on the Sponsor's board of managers is deemed to have or share beneficial ownership of the Class A ordinary shares held by the Sponsor.

FAQ

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

What insider transaction did Space Asset Acquisition Sponsor LLC report for SAAQU?

Space Asset Acquisition Sponsor LLC reported acquiring 415,000 Class A ordinary shares at $10.00 per share. The shares are linked to 415,000 Private Placement Units purchased by the sponsor, reinforcing its significant position in Space Asset Acquisition Corp. as disclosed in the insider filing.

At what price were the SAAQU Class A shares acquired by the sponsor?

The sponsor acquired the Class A ordinary shares at $10.00 per share. These shares are within 415,000 Private Placement Units purchased by Space Asset Acquisition Sponsor LLC, as described in the company’s registration statement, aligning the acquisition price with the private placement unit purchase terms.

How many Space Asset Acquisition Corp. shares does the sponsor hold after this transaction?

After this transaction, Space Asset Acquisition Sponsor LLC holds 415,000 Class A ordinary shares. This total reflects the full amount acquired in the reported transaction, consolidating all directly held Class A shares under the sponsor following the private placement unit purchase.

What is the governance structure of Space Asset Acquisition Sponsor LLC for SAAQU decisions?

Space Asset Acquisition Sponsor LLC is governed by a three‑member board of managers. Any voting or dispositive decision regarding SAAQU securities requires at least a majority vote, meaning no single manager controls these decisions, and actions must reflect collective board approval.

Are individual managers treated as beneficial owners of SAAQU shares held by the sponsor?

Individual managers are not deemed beneficial owners of the SAAQU shares held by the sponsor. Under the “rule of three,” because voting and dispositive decisions require a board majority, none of the three managers is considered to have or share beneficial ownership of those shares.

What role does Space Asset Acquisition Sponsor LLC have in relation to SAAQU?

Space Asset Acquisition Sponsor LLC acts as a director by deputization and a 10% owner of SAAQU. It holds Class A ordinary shares through Private Placement Units, and its board‑driven governance structure determines how these securities are voted and disposed within the SPAC framework.

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

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Accepted by SEC EDGAR 02/18/2026 - 05:31 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^*

Space Asset Acquisition Sponsor LLC

(Last) (First) (Middle)

C/O SPACE ASSET ACQUISITION CORP.

174 NASSAU STREET, SUITE 2100

(Street)

PRINCETON NJ 08542

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Space Asset Acquisition Corp. [ SAAQ ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
01/29/2026

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

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

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

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	01/29/2026		A(1)		415,000	A	$10	415,000	D(2)

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. The reported Class A ordinary shares are within 415,000 of the Issuer's Private Placement Units, as described under the heading "Description of Securities" in the Issuer's registration statement on Form S-1 (File No. 333-291082), purchased by Space Asset Acquisition Sponsor LLC (the "Sponsor") for $10.00 per Private Placement Unit.

2. This Form 3 is being filed by the Sponsor. The Sponsor is governed by a board of managers consisting of three managers, Jeff Tuder, Peter Ort and Raphael Roettgen. Any action by the Sponsor with respect to the Issuer's securities held by it, including voting and dispositive decisions, requires at least a majority vote of the managers of the board of managers. Under the so-called "rule of three," because voting and dispositive decisions are made by a majority of the managers, none of the managers is deemed to be a beneficial owner of Issuer's securities held by the Sponsor, even those in which such manager holds a pecuniary interest. Accordingly, none of the managers on the Sponsor's board of managers is deemed to have or share beneficial ownership of the Class A ordinary shares held by the Sponsor.

	/s/ Jordan Leon, Attorney-in-Fact	02/18/2026
	** 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).
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