Via Transportation Form 4: Preferred Converted, 14.1M Class A Shares Reported
Rhea-AI Filing Summary
Exor N.V. and Giovanni Agnelli B.V. reported changes in beneficial ownership of Via Transportation, Inc. (VIA) arising from transactions dated 09/15/2025. Several series of preferred stock automatically converted 1-for-1 into common stock immediately prior to the issuer's IPO, and common shares were reclassified into Class A Common Stock under a Rule 16b-7 reclassification. The Form 4 shows aggregate beneficial ownership of 14,121,131 Class A shares following the reported transactions. The filing is signed by Guido de Boer on 09/16/2025. The reporting persons are marked as both Director (by deputization) and 10% owner.
Positive
- Aggregate beneficial ownership of 14,121,131 Class A shares reported following transactions
- Automatic 1-for-1 conversion of multiple preferred series into common stock prior to the IPO
- Reclassification under Rule 16b-7 converting common stock to Class A Common Stock for Section 16 reporting
Negative
- None.
Insights
TL;DR: A large pre-IPO reclassification and conversion consolidated 14.1M Class A shares under Exor/Giovanni Agnelli entities.
The filing documents automatic 1-for-1 conversions of multiple preferred series into common stock immediately prior to the issuer's IPO and a reclassification of common into Class A shares under a Rule 16b-7 exemption on 09/15/2025. Post-transaction beneficial ownership is reported at 14,121,131 Class A shares in aggregate, and the filers are identified as 10% owners. These are structural capitalization events recorded for Section 16 purposes rather than open-market buy or sell trades.
TL;DR: Reporting highlights control link and deputized director status but shows no separate sale or purchase pricing.
The form clarifies that Exor N.V. holds the shares directly and is controlled by Giovanni Agnelli B.V., creating indirect beneficial ownership. The Director box is checked because Exor may be deemed a director by contractual deputization. The filing contains no purchase prices for the conversions and records automatic, IPO-related corporate actions affecting share class and ownership disclosure.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Series A Preferred Stock | 69,030 | $0.00 | -- |
| Conversion | Series C Preferred Stock | 340,277 | $0.00 | -- |
| Conversion | Series D Preferred Stock | 3,300,339 | $0.00 | -- |
| Conversion | Series E Preferred Stock | 7,729,654 | $0.00 | -- |
| Conversion | Series F Preferred Stock | 650,015 | $0.00 | -- |
| Conversion | Series G Preferred Stock | 439,486 | $0.00 | -- |
| Conversion | Series G-1 Preferred Stock | 439,486 | $0.00 | -- |
| Other | Common Stock | 1,152,844 | $0.00 | -- |
| Other | Class A Common Stock | 1,152,844 | $0.00 | -- |
| Conversion | Common Stock | 12,968,287 | $0.00 | -- |
| Other | Common Stock | 12,968,287 | $0.00 | -- |
| Other | Class A Common Stock | 12,968,287 | $0.00 | -- |
Footnotes (1)
- The reported shares of Class A Common Stock, Common Stock and Preferred Stock are or were, as applicable, held directly by Exor N.V., which in turn is controlled by Giovanni Agnelli B.V., which is or was, as applicable, an indirect beneficial owner of the reported shares of Class A Common Stock, Common Stock and Preferred Stock. The Series A Preferred Stock, Series C Preferred Stock, Series D Preferred Stock, Series E Preferred Stock, Series F Preferred Stock, Series G Preferred Stock and Series G-1 Preferred Stock automatically converted into shares of Common Stock of the Issuer at a ratio of 1-for-1 immediately prior to the completion of the Issuer's initial public offering of Class A Common Stock. The securities had no expiration date. Pursuant to a reclassification exempt under Rule 16b-7, each share of Common Stock was automatically reclassified into one share of Class A Common Stock immediately prior to the completion of the Issuer's initial public offering of Class A Common Stock. Following completion of the transactions reported on this Form 4, the Reporting Persons beneficially own 14,121,131 shares of Class A Common Stock in the aggregate.
