Via Transportation (VIA) Form 4 Details Indirect Class A Holdings and RSUs
Rhea-AI Filing Summary
Dinur Arnon, a director of Via Transportation, Inc. (VIA), reported a series of ownership changes on 09/15/2025 related to the companys IPO conversion and reclassification. Preferred shares across Series AG-1 were converted 1:1 into Common Stock and existing Common Stock was reclassified into Class A Common Stock immediately prior to the IPO closing. The filing shows acquisitions (code C) of large block amounts by affiliated 83North entities and corresponding dispositions (code J) of Common Stock, resulting in zero direct Common Stock holdings reported. Indirect holdings remain through multiple 83North partnerships, including substantial Class A Common Stock positions and 5,434 restricted stock units that vest over 15 months from the September 11, 2025 grant date.
Positive
- Clear disclosure of conversions and reclassifications tied to the IPO, including conversion ratios (1:1) for preferred to common
- Substantial Class A holdings remain indirectly through 83North entities, preserving investor visibility into ownership structure
- RSU grant disclosed: 5,434 RSUs with explicit vesting schedule (80% at one year, remainder at 15 months)
Negative
- None.
Insights
TL;DR: Routine post-IPO conversions changed security classes; substantial indirect Class A positions are held by 83North-affiliated vehicles.
The Form 4 documents administrative ownership shifts tied to the IPO process rather than open-market trades. Multiple series of preferred stock were automatically converted into common shares and then reclassified into Class A Common Stock. The reporting person disclaims direct beneficial ownership except for pecuniary interest; holdings are shown as indirect through several 83North partnerships. The 5,434 RSUs create a small, time‑vested direct economic interest for the reporting person.
TL;DR: Disclosures reflect standard Section 16 reporting after an IPO with clear delegation of voting/investment power to 83North entities.
The statement clarifies chain of control: multiple manager and GP entities hold combined voting and investment power, and the reporting persons role as partner confers oversight but includes a disclaimer of beneficial ownership for Section 16 purposes except as to pecuniary interest. The filing is thorough in mapping indirect ownership across the related partnerships and notes the RSU grant schedule.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Series A Preferred Stock | 3,038,251 | $0.00 | -- |
| Conversion | Series B Preferred Stock | 911,435 | $0.00 | -- |
| Conversion | Series C Preferred Stock | 114,975 | $0.00 | -- |
| Conversion | Series C Preferred Stock | 32,647 | $0.00 | -- |
| Conversion | Series D Preferred Stock | 171,536 | $0.00 | -- |
| Conversion | Series D Preferred Stock | 284,980 | $0.00 | -- |
| Conversion | Series E Preferred Stock | 2,477 | $0.00 | -- |
| Conversion | Series E Preferred Stock | 4,956 | $0.00 | -- |
| Conversion | Series E Preferred Stock | 485,756 | $0.00 | -- |
| Conversion | Series F Preferred Stock | 80,747 | $0.00 | -- |
| Conversion | Series F Preferred Stock | 161,493 | $0.00 | -- |
| Conversion | Series G-1 Preferred Stock | 659,229 | $0.00 | -- |
| Conversion | Series G-1 Preferred Stock | 3,837 | $0.00 | -- |
| Conversion | Common Stock | 659,229 | $0.00 | -- |
| Conversion | Common Stock | 4,323,258 | $0.00 | -- |
| Conversion | Common Stock | 484,076 | $0.00 | -- |
| Conversion | Common Stock | 485,756 | $0.00 | -- |
| Other | Common Stock | 5,434 | $0.00 | -- |
| Other | Common Stock | 815,479 | $0.00 | -- |
| Other | Common Stock | 4,368,121 | $0.00 | -- |
| Other | Common Stock | 573,801 | $0.00 | -- |
| Other | Common Stock | 485,756 | $0.00 | -- |
| Other | Class A Common Stock | 5,434 | $0.00 | -- |
| Other | Class A Common Stock | 815,479 | $0.00 | -- |
| Other | Class A Common Stock | 4,368,121 | $0.00 | -- |
| Other | Class A Common Stock | 573,801 | $0.00 | -- |
| Other | Class A Common Stock | 485,756 | $0.00 | -- |
Footnotes (1)
- Immediately prior to the completion of the Issuer's initial public offering of Class A Common Stock (the "IPO Closing"), each share of Series A, B, C, D, E, F and G-1 Preferred Stock was automatically converted into Common Stock on a 1:1 basis. Immediately prior to the IPO Closing, each share of Common Stock was automatically reclassified into one share of Class A Common Stock pursuant to a reclassification exempt under Rule 16b-7. Each of 83North II Manager, Ltd. ("83North II Manager"), the ultimate general partner of 83North II Limited Partnership ("83North II"), and 83North II G.P., L.P., the general partner of 83North II, have combined voting and investment power over the shares held by 83North II. Each of 83North 2019 Manager, Ltd., the ultimate general partner of 83North FXV Limited Partnership ("83North FXV"), and 83North 2019 G.P. L.P., the general partner of 83North FXV, have combined voting and investment power over the shares held by 83North FXV. Each of 83North FXV Manager, Ltd. ("83North FXV Manager"), the ultimate general partner of 83North VII LP ("83North VII") and 83North FXV III Limited Partnership ("83North FXV III"), and 83North FXV III G.P. L.P., the general partner of 83North FXV III and 83North VII, have combined voting and investment power over the shares held by 83North FXV III and 83North VII. (cont'd in Footnote 4) (cont'd from Footnote 3) The Reporting Person is the Partner of each of the foregoing entities and exercises voting and investment power over the securities held by each of the foregoing entities. The Reporting Person disclaims beneficial ownership of such securities for purposes of Section 16, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that such shares are beneficially owned by him for Section 16 or any other purpose. Includes 5,434 restricted stock units ("RSUs"), which vest over a period of 15 months following the grant date of September 11, 2025, with 80% of the award vesting on the one-year anniversary of the grant date and the remaining portion vesting on the 15-month anniversary of the grant date. Each RSU represents a contingent right to receive one share of Class A Common Stock.
