Form 4: Ma Jialuan (CEO/Director) Acquires 50,000 UYSC Ordinary Shares
Rhea-AI Filing Summary
Ma Jialuan, who is identified as both Chief Executive Officer and a director of UY Scuti Acquisition Corp. (ticker UYSC/UYSCU), reported a securities transaction dated 08/15/2025. The reporting person received 50,000 ordinary shares with a transaction code G, indicating the shares were acquired as a gift from the Sponsor and were issued at a price of $0. Following the transaction, Ma Jialuan directly beneficially owns 50,000 ordinary shares. The Form 4 was signed by the reporting person to disclose this change in beneficial ownership.
Positive
- Received 50,000 ordinary shares as a gift from the Sponsor (transaction code G) explicitly disclosed
- Reporting person serves as both Chief Executive Officer and director, and disclosed the direct ownership position
Negative
- None.
Insights
TL;DR: Director/CEO received 50,000 gifted shares from the Sponsor, disclosed on Form 4.
The filing shows the company's Chief Executive Officer also serves on the board and received 50,000 ordinary shares as a gift from the Sponsor (transaction code G). This is a non-cash transfer that increases the reporting person’s direct ownership position. The disclosure complies with Section 16 reporting for insider changes; there are no derivative instruments reported and no cash consideration was paid.
TL;DR: A straightforward insider gift increases direct share ownership by 50,000 shares; no sales or derivative activity reported.
The Form 4 records a single non-derivative acquisition of 50,000 ordinary shares at $0 via gift from the Sponsor. The report lists direct beneficial ownership of 50,000 shares following the transaction and shows no disposals or derivative positions. The filing provides clear, limited disclosure about this single transaction without additional financial detail.