UYSC Form 4: Director/CIO Zhao Jiawen Reports 35,000 Ordinary Shares
Rhea-AI Filing Summary
Form 4 summary: Zhao Jiawen, who is listed as a Director and Chief Investment Officer of UY Scuti Acquisition Corp. (UYSC), reported a non-derivative acquisition of 35,000 ordinary shares on 08/15/2025. The filing shows the shares were received at a $0 price and the Explanation of Responses states the shares were received pursuant to a gift from the Sponsor. Following the reported transaction, Mr. Zhao beneficially owns 35,000 ordinary shares and the Form 4 is signed and dated 08/19/2025.
Positive
- Insider acquisition disclosed: 35,000 ordinary shares reported, increasing reported insider holdings.
- Roles disclosed: Reporting person identified as both Director and Chief Investment Officer, clarifying authority and position.
Negative
- Acquired at $0: Transaction price reported as $0, indicating the shares were received as a gift from the Sponsor.
- No derivatives reported: Table II shows no derivative securities acquired or held in connection with this filing.
Insights
TL;DR: Insider received 35,000 shares as a gift from the sponsor; transaction disclosed via Form 4 and shows direct beneficial ownership.
The Form 4 documents a straightforward non-derivative acquisition: 35,000 ordinary shares acquired on 08/15/2025 at a reported price of $0, attributed to a gift from the Sponsor. The reporting person is both a Director and the Chief Investment Officer, and the shares are held directly. For investors, this is a routine Section 16 disclosure of insider holdings rather than an operational or financial performance signal. No derivative positions or additional transactions are reported.
TL;DR: Governance disclosure shows insider receipt of sponsor gift; properly reported on Form 4 with direct ownership noted.
The filing meets Section 16 disclosure requirements by reporting the change in beneficial ownership and identifying the nature of the acquisition as a gift from the Sponsor. It lists the reporting persons roles as Director and Chief Investment Officer and records direct ownership of 35,000 ordinary shares after the transaction. The form contains a manual signature and date, indicating procedural completeness. The filing does not include amendments, derivative holdings, or other governance actions.