[Form 4] Texas Ventures Acquisition III Corp Insider Trading Activity
Rhea-AI Filing Summary
TV Partners III, LLC and E. Scott Crist reported the sale of all Class B ordinary shares they previously held in Texas Ventures Acquisition III Corp (TVA). The report states that on 09/18/2025 TV Partners sold and transferred an aggregate of 7,500,000 Class B ordinary shares to Yorkville Acquisition Sponsor II, LLC, and as a result TV Partners now holds zero Class B ordinary shares.
The filing explains that TV Partners was the record holder and that E. Scott Crist, as sole managing member of TV Partners and a director and former CEO/Chairman of the issuer, may be deemed to have beneficial ownership of the shares previously held by TV Partners. The Form 4 is signed by E. Scott Crist on 09/25/2025.
Positive
- None.
Negative
- None.
Insights
TL;DR: Director and former CEO's affiliated entity sold entire 7.5M Class B stake, leaving no reported holdings.
The filing documents a full divestiture by TV Partners III, LLC of its 7,500,000 Class B ordinary shares in the issuer to Yorkville Acquisition Sponsor II, LLC on 09/18/2025. Because E. Scott Crist is the sole managing member of TV Partners and is a director and former CEO/Chairman of the issuer, he is disclosed as a reporting person and may be deemed to have had beneficial ownership prior to the sale. This is a clear change in insider ownership and governance alignment, reducing the affiliate-held Class B stake to zero according to the filing.
TL;DR: Form 4 records a completed sale transaction and updates beneficial ownership to zero for the reporting entity.
The Form 4 shows the transaction code and quantities: a sale (S(2)) of 7,500,000 Class B ordinary shares on 09/18/2025 with post-transaction beneficial ownership reported as 0. The document includes the required explanatory note tying record ownership to TV Partners and the managerial role of E. Scott Crist, and it is manually signed. From a compliance perspective the filing contains the necessary disclosure elements to satisfy Section 16 reporting for this transfer.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class B Ordinary Shares | 7,500,000 | $0.00 | -- |
Footnotes (1)
- TV Partners III, LLC ("TV Partners") is the record holder of the shares reported herein. E. Scott Crist, the former CEO and Chairman of Texas Ventures Acquisition III Corp (the "Issuer"), is the sole managing member of TV Partners. As such, Mr. Crist may be deemed to have beneficial ownership of the shares held directly by TV Partners. On September 18, 2025, TV Partners entered into a securities purchase agreement, pursuant to which TV Partners sold and transferred an aggregate of 7,500,000 Class B ordinary shares of the Issuer to Yorkville Acquisition Sponsor II, LLC, a third party, on the same day (the "Sale"). As previously reported on the Form 4 of TV Partners and E. Scott Crist filed on April 28, 2025, immediately prior to the Sale, TV Partners directly held 7,500,000 Class B ordinary shares of the Issuer. As a result of the Sale, TV Partners currently holds no Class B ordinary share of the Issuer.