Thunder Bridge CEO-linked entity buys 596K securities
Thunder Bridge Capital Partners V, Ltd. reported that TBCP V, LLC (the Sponsor), an entity managed and controlled by Chief Executive Officer and director Gary A. Simanson, , all held indirectly through the Sponsor.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Thunder Bridge Capital Partners V, Ltd. reported that TBCP V, LLC (the Sponsor), an entity managed and controlled by Chief Executive Officer and director Gary A. Simanson, , all held indirectly through the Sponsor. Each redeemable warrant is exercisable for one Class A ordinary share at an exercise price of $11.50 per share after specified business-combination timing conditions, and may expire worthless if no initial business combination is completed within the completion window. The Sponsor originally purchased 447,000 private placement units at $10.00 per unit, each unit consisting of one Class A ordinary share and one-third of one redeemable warrant. Mr. Simanson disclaims beneficial ownership of these securities except to the extent of any pecuniary interest he may have.
Insider Trade Summary
Net Buyer: 596,000 shares
Net Buy
4 txns
Insider
Simanson Gary A, TBCP V, LLC
Role
Chief Executive Officer | 10% Owner
Bought
596,000 shs
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Redeemable Warrants F1, F3, F2 | 149,000 | -- | -- |
| Purchase | Class A ordinary shares F1, F2 | 447,000 | -- | -- |
| holding | Redeemable Warrants F3, F2 | -- | -- | -- |
| holding | Class A ordinary shares F1, F2 | -- | -- | -- |
Holdings After Transaction:
Redeemable Warrants — 149,000 contracts (Indirect, See Footnote);
Class A ordinary shares — 447,000 shares (Indirect, See Footnote);
Redeemable Warrants — 149,000 contracts (Direct);
Class A ordinary shares — 447,000 shares (Direct)
Footnotes (3)
- F1. In connection with the issuer's initial public offering, TBCP V, LLC (the "Sponsor") purchased 447,000 private placement units at $10.00 per unit, each consisting of one Class A ordinary share, par value $0.0001 per share, and one-third of one redeemable warrant.
- F2. The securities are owned directly by the Sponsor. Mr. Simanson has an interest in the securities reported herein through his membership interest in the Sponsor. The Sponsor is managed and controlled by Gary A. Simanson, Chief Executive Officer and director of the issuer. Mr. Simanson is the controlling member of the Sponsor and exercises voting and dispositive control over the securities held by the Sponsor. Mr. Simanson disclaims any beneficial ownership of the securities reported herein other than to the extent of any pecuniary interest he may have therein, directly or indirectly.
- F3. The warrants will become exercisable on the later of 30 days after the completion of the issuer's initial business combination and 12 months from the closing of the issuer's initial public offering. If the issuer is unable to complete its initial business combination within the completion window, the warrants may expire worthless.
Key Figures
Class A ordinary shares held through Sponsor: 447,000 shares
Redeemable warrants held: 149,000 warrants
Warrant exercise price: $11.50 per share
+2 more
5 metrics
Class A ordinary shares held through Sponsor
447,000 shares
Private placement units held by TBCP V, LLC, reported as indirect holdings
Redeemable warrants held
149,000 warrants
Each warrant exercisable into one Class A ordinary share
Warrant exercise price
$11.50 per share
Exercise price for redeemable warrants into Class A ordinary shares
Private placement unit price
$10.00 per unit
Price paid by Sponsor for 447,000 private placement units
Total reported purchases (shares + warrants)
596,000 securities
TransactionSummary net buy shares across Class A shares and underlying warrant shares
Key Terms
private placement units, redeemable warrants, initial business combination, beneficial ownership
4 terms
private placement units financial
"purchased 447,000 private placement units at $10.00 per unit, each consisting"
redeemable warrants financial
"one Class A ordinary share, par value $0.0001 per share, and one-third of one redeemable warrant"
A redeemable warrant is a tradable right that lets its holder buy a company’s shares at a fixed price before a set date, but the issuer has the contract power to cancel (redeem) the warrant early under agreed terms. For investors this matters because early redemption can force decision-making, change the timing of when new shares might be created, and affect potential gains or dilution—much like a store coupon that the issuer can cancel by paying you off instead of letting you use it.
initial business combination financial
"on the later of 30 days after the completion 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.
beneficial ownership financial
"Mr. Simanson disclaims any beneficial ownership of the securities reported herein"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions were reported for TBCVU in this Form 4?
The filing reports that the Sponsor, TBCP V, LLC, acquired 447,000 Class A ordinary shares and 149,000 redeemable warrants, all reported as indirect holdings associated with CEO Gary A. Simanson through his interest in the Sponsor.
What derivative securities were reported in the TBCVU Form 4?
The Form 4 discloses 149,000 redeemable warrants, each exercisable into one Class A ordinary share at $11.50 per share, held through the Sponsor and reported as part of Gary A. Simanson’s indirect interest in Thunder Bridge Capital Partners V, Ltd.
At what price were the TBCVU private placement units purchased by the Sponsor?
The Sponsor purchased 447,000 private placement units at $10.00 per unit, each unit consisting of one Class A ordinary share and one-third of one redeemable warrant, forming the basis for the reported 447,000 shares and 149,000 warrants.
When can the TBCVU redeemable warrants reported in the Form 4 be exercised?
The warrants become exercisable on the later of 30 days after completion of the initial business combination and 12 months from the IPO closing, and may expire worthless if no initial business combination is completed within the completion window.
Does Gary A. Simanson claim full beneficial ownership of the TBCVU securities reported?
No. The filing states that Mr. Simanson disclaims beneficial ownership of the Sponsor-held securities, except to the extent of any pecuniary interest he may have, even though he controls the Sponsor and its voting and dispositive decisions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
