VIDA Global director exercises 558K warrants
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Form Type
4
Rhea-AI Filing Summary
VIDA Global Inc. (VIDA) reported that director and ten percent owner Christopher Shane Calicott and affiliated funds TVP Bitcoin Venture Fund I, L.P. and TVP Bitcoin Venture Fund II, L.P. exercised Series A Common Warrants on September 11, 2026 to acquire Class A common stock at $0.0028 per share. A total of 558,114 warrant shares were exercised, leaving no Series A Common Warrants reported as outstanding for these holders. The warrants had become exercisable once VIDA reached a market capitalization or enterprise value of at least $100,000,000 and will otherwise expire on September 3, 2035 or upon a sale of substantially all assets. Indirect holdings through TVP I and II are attributed to those funds, with Calicott potentially sharing voting and dispositive power but disclaiming beneficial ownership except for any pecuniary interest.
Insider Trade Summary
558,114 shares exercised/converted
Exercise
6 txns
Insider
Calicott Christopher Shane
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| In-the-Money Exercise | Series A Common Warrant F1 | 19,324 | $0.00 | $0.00 |
| In-the-Money Exercise | Series A Common Warrant F1, F2 | 326,522 | $0.00 | $0.00 |
| In-the-Money Exercise | Series A Common Warrant F1, F3 | 212,268 | $0.00 | $0.00 |
| In-the-Money Exercise | Class A Common Stock F1 | 19,324 | $0.0028 | $54.11 |
| In-the-Money Exercise | Class A Common Stock F1, F2 | 326,522 | $0.0028 | $914.26 |
| In-the-Money Exercise | Class A Common Stock F1, F3 | 212,268 | $0.0028 | $594.35 |
Holdings After Transaction:
Series A Common Warrant — 0 contracts (Direct);
Series A Common Warrant — 0 contracts (Indirect, By TVP Bitcoin Venture Fund II, L.P.);
Series A Common Warrant — 0 contracts (Indirect, By TVP Bitcoin Venture Fund I, L.P.);
Class A Common Stock — 368,653 shares (Direct);
Class A Common Stock — 2,337,568 shares (Indirect, By TVP Bitcoin Venture Fund II, L.P.);
Class A Common Stock — 1,125,617 shares (Indirect, By TVP Bitcoin Venture Fund I, L.P.)
Footnotes (3)
- F1. On September 11, 2026, the Reporting Person, TVP I and TVP II (each, as defined herein) exercised their Series A Common Warrants to acquire shares of Class A common stock at an exercise price of $0.0028 per share. The Series A Common Warrants became exercisable upon the Issuer achieving a market capitalization or enterprise value of at least $100,000,000. The Series A Common Warrants expire on the earlier of 5:00 p.m. Central time, on September 3, 2035, or the acquisition or sale of substantially all assets of the Issuer.
- F2. The securities are held of record by TVP Bitcoin Venture Fund II, L.P. ("TVP II"). TVP Bitcoin Venture GP II, L.L.C. is the general partner of TVP II ("General Partner II"), and therefore, may be deemed to share voting and dispositive power with respect to such securities. The Reporting Person is the manager of General Partner II and, therefore, may be deemed to share voting and dispositive power with respect to such securities. The Reporting Person disclaims beneficial ownership of these securities, except to the extent of any pecuniary interest therein.
- F3. The securities are held of record by TVP Bitcoin Venture Fund I, L.P. ("TVP I"). TVP Bitcoin Venture GP I, L.L.C. is the general partner of TVP I ("General Partner I"), and therefore, may be deemed to share voting and dispositive power with respect to such securities. The Reporting Person is the manager of General Partner I and, therefore, may be deemed to share voting and dispositive power with respect to such securities. The Reporting Person disclaims beneficial ownership of these securities, except to the extent of any pecuniary interest therein.
Key Figures
Total Series A Common Warrants Exercised: 558,114 warrants
Exercise Price per Share: $0.0028 per share
Direct Shares Acquired: 19,324 shares
+5 more
8 metrics
Total Series A Common Warrants Exercised
558,114 warrants
Exercised into Class A common stock on September 11, 2026
Exercise Price per Share
$0.0028 per share
Exercise price for Series A Common Warrants into Class A common stock
Direct Shares Acquired
19,324 shares
Class A common stock acquired directly by the reporting person on exercise
Indirect Shares Acquired via TVP II
326,522 shares
Class A common stock acquired by TVP Bitcoin Venture Fund II, L.P.
Indirect Shares Acquired via TVP I
212,268 shares
Class A common stock acquired by TVP Bitcoin Venture Fund I, L.P.
Warrant Exercisability Threshold
$100,000,000
Required VIDA market capitalization or enterprise value for Series A Common Warrants to become exercisable
Warrant Expiration Date
September 3, 2035
Expiration of Series A Common Warrants or earlier upon sale of substantially all assets
Direct Shares Held After Transaction
368,653 shares
Class A common stock directly held by the reporting person after exercises
Key Terms
Series A Common Warrants, Class A common stock, market capitalization, enterprise value, +2 more
6 terms
Series A Common Warrants financial
"exercised their Series A Common Warrants to acquire shares of Class A"
Warrants tied to Series A common shares are tradable certificates that give the holder the right, but not the obligation, to buy a company’s Series A common stock at a predetermined price before a set expiration date. Think of them like coupons to buy shares later: if the stock rises above the coupon price, the holder can profit, but exercising them increases the number of shares outstanding and can dilute existing shareholders. Investors watch warrants because they affect future ownership, potential cash the company may receive, and the stock’s supply dynamics.
Class A common stock financial
"to acquire shares of Class A common stock at an exercise price"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
market capitalization financial
"became exercisable upon the Issuer achieving a market capitalization or"
Market capitalization is the total market value of a company’s outstanding shares, calculated by multiplying the current share price by the number of shares issued. It gives a quick snapshot of a company’s size and how investors value it, influencing perceived risk, index membership, and roughly how much it might cost to buy the whole company — like using a sticker price to compare the relative size and price of different houses.
enterprise value financial
"achieving a market capitalization or enterprise value of at least"
Enterprise value is the total worth of a company, reflecting what it would cost to buy the entire business. It includes the company's market value plus any debts, minus its cash holdings, offering a comprehensive picture of its true value. Investors use it to compare companies regardless of their capital structures, helping them assess how much they would need to pay to acquire the business.
dispositive power financial
"may be deemed to share voting and dispositive power with respect"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
beneficial ownership financial
"The Reporting Person disclaims beneficial ownership of these securities"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did VIDA (VIDA) disclose in this Form 4?
VIDA disclosed that director and ten percent owner Christopher Shane Calicott and affiliated funds TVP I and TVP II exercised 558,114 Series A Common Warrants into Class A common stock on September 11, 2026 at an exercise price of $0.0028 per share.
What are the vesting and expiration terms of VIDA (VIDA) Series A Common Warrants in this filing?
The Series A Common Warrants became exercisable once VIDA achieved a market capitalization or enterprise value of at least $100,000,000. They expire at 5:00 p.m. Central time on September 3, 2035 or upon the acquisition or sale of substantially all assets of VIDA, whichever occurs first.
Were any VIDA (VIDA) warrants left outstanding after these transactions?
For the reporting person and the TVP I and TVP II funds, the Form 4 indicates 0 Series A Common Warrants remaining after the exercises on September 11, 2026, meaning all of their reported Series A Common Warrants were exercised in these transactions.
Did the VIDA (VIDA) insider use a Rule 10b5-1 trading plan for these exercises?
No. The Form 4 indicates the Rule 10b5-1 checkbox is not marked, and the footnotes do not describe these transactions as being executed under a Rule 10b5-1 or other pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
