Scott Glabe files initial Form 3 for TVA showing zero holdings
Rhea-AI Filing Summary
The filing is an initial Form 3 by Scott Glabe reporting his relationship as a director of Texas Ventures Acquisition III Corp (TVA) and noting the event date of 09/18/2025. The form states that no securities are beneficially owned by the reporting person as of this filing, and it is signed on 10/01/2025. This document discloses the reporting person’s address at Texas Ventures Acquisition III Corp and confirms the filing was made by one reporting person.
Positive
- Initial disclosure filed for a new reporting director, meeting Section 16(a) reporting requirements
- Form is signed and dated, indicating procedural completeness
Negative
- Reporting director holds no beneficial securities in TVA as stated on the Form 3
- No disclosed derivative or indirect holdings that might align director incentives with shareholders
Insights
TL;DR: Director filed an initial Form 3 and reports no beneficial ownership of the issuer's securities.
The filing is routine but notable because an initial insider disclosure shows zero holdings. For governance assessment, a director with no reported shares may raise questions about alignment of incentives with shareholders, though the form itself contains no additional context such as deferred awards or indirect holdings. The disclosure is timely and complies with Section 16 reporting requirements.
TL;DR: Form 3 was properly completed and signed; it records no securities beneficially owned by the reporting director.
From a compliance standpoint, the document meets Form 3 content expectations: it identifies the reporting person, relationship to the issuer, filing type, and includes a signature and date. There are no derivative or non-derivative securities reported. No further compliance deficits are evident within the disclosed content.