Texas Ventures (TVA) Form 3 — Director Reports Zero Holdings
Rhea-AI Filing Summary
Lawrence J. Glick, a director of Texas Ventures Acquisition III Corp (TVA), submitted an initial Section 16 Form 3 reporting that he does not beneficially own any securities of the issuer. The filing indicates the reporting relationship as a director and confirms the Form 3 covers the required initial disclosure; no non-derivative or derivative holdings are reported.
Positive
- None.
Negative
- None.
Insights
TL;DR: Director filed an initial Form 3 reporting zero beneficial ownership of issuer securities, so no immediate ownership impact on cap table.
The Form 3 shows the reporting person is a director and explicitly states no securities are beneficially owned. From a capital-structure perspective, this filing neither adds shares nor signals any insider purchases or option grants. The disclosure fulfills Section 16 initial reporting obligations but contains no transactional or position data that would affect valuation or share count.
TL;DR: Initial insider disclosure filed; absence of holdings is a routine governance disclosure with no material governance implication.
The document identifies the reporting person as a director and records an initial statement of beneficial ownership with no direct or indirect holdings. This is a standard compliance filing to disclose insider status. Because no securities, derivatives, or indirect interests are listed, there are no conflicts of interest or related-party ownership issues disclosed in this filing.