VIDA Global holders exercise 538K warrants at $0.0028
Two TVP Bitcoin Venture funds exercised VIDA Series A warrants for 538,790 Class A shares after a $100 million valuation trigger, with no Rule 10b5-1 trading plan reported.
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Form Type
4
Rhea-AI Filing Summary
VIDA Global Inc. (VIDA) reported that investment funds TVP Bitcoin Venture Fund II, L.P. and TVP Bitcoin Venture Fund I, L.P. exercised their Series A Common Warrants on September 11, 2026 to acquire a total of 538,790 shares of Class A common stock at $0.0028 per share, eliminating these warrant positions and raising their indirect holdings to 2,337,568 and 1,125,617 Class A shares, respectively.
Insider Trade Summary
538,790 shares exercised/converted
Exercise
4 txns
Insider
TVP Bitcoin Venture GP II, L.L.C., TVP Bitcoin Venture Fund II, L.P., TVP Bitcoin Venture GP I, L.L.C., TVP Bitcoin Venture Fund I, L.P.
Role
10% Owner | 10% Owner | 10% Owner | 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| In-the-Money Exercise | Series A Common Warrants F1, F2 | 326,522 | $0.00 | $0.00 |
| In-the-Money Exercise | Series A Common Warrants F1, F3 | 212,268 | $0.00 | $0.00 |
| 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 Warrants — 0 contracts (Indirect, By TVP Bitcoin Venture Fund II, L.P.);
Series A Common Warrants — 0 contracts (Indirect, By TVP Bitcoin Venture Fund I, L.P.);
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, 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. ("General Partner II") is the general partner of TVP II and Christopher Calicott is the manager of General Partner II. Each of General Partner II and Mr. Calicott may be deemed to share voting and dispositive power with respect to such securities. General Partner II disclaims beneficial ownership of these securities except to the extent of its pecuniary interest therein. Mr. Calicott is a director of the Issuer and files separate Section 16 reports.
- 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. ("General Partner I") is the general partner of TVP I and Christopher Calicott is the manager of General Partner I. Each of General Partner I and Mr. Calicott may be deemed to share voting and dispositive power with respect to such securities. General Partner I disclaims beneficial ownership of these securities except to the extent of its pecuniary interest therein. Mr. Calicott is a director of the Issuer and files separate Section 16 reports.
Key Figures
Shares acquired by TVP II: 326,522 shares of Class A common stock
Shares acquired by TVP I: 212,268 shares of Class A common stock
Exercise price of Series A Common Warrants: $0.0028 per share
+5 more
8 metrics
Shares acquired by TVP II
326,522 shares of Class A common stock
Acquired on September 11, 2026 via Series A Warrant exercise at $0.0028 per share
Shares acquired by TVP I
212,268 shares of Class A common stock
Acquired on September 11, 2026 via Series A Warrant exercise at $0.0028 per share
Exercise price of Series A Common Warrants
$0.0028 per share
Exercise of Series A Common Warrants into Class A common stock
Total shares underlying exercised warrants
538,790 shares
Combined underlying Class A shares for TVP I and TVP II warrant exercises
TVP II holdings after transaction
2,337,568 shares of Class A common stock
Indirectly held by TVP Bitcoin Venture Fund II, L.P. after September 11, 2026 exercise
TVP I holdings after transaction
1,125,617 shares of Class A common stock
Indirectly held by TVP Bitcoin Venture Fund I, L.P. after September 11, 2026 exercise
Valuation threshold for warrant exercisability
$100,000,000 market capitalization or enterprise value
Condition for Series A Common Warrants to become exercisable
Warrant expiration
September 3, 2035 at 5:00 p.m. Central time
Expiry time for Series A Common Warrants, or earlier upon sale of substantially all assets
Key Terms
Series A Common Warrants, market capitalization, enterprise value, dispositive power, +1 more
5 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.
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.
pecuniary interest financial
"disclaims beneficial ownership of these securities except to the extent of its pecuniary interest"
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 TVP Bitcoin Venture Fund II and TVP Bitcoin Venture Fund I exercised Series A Common Warrants on September 11, 2026 to acquire a combined 538,790 shares of Class A common stock at an exercise price of $0.0028 per share.
What triggered the exercisability of VIDA (VIDA) Series A Common Warrants?
The Series A Common Warrants became exercisable when VIDA achieved a market capitalization or enterprise value of at least $100,000,000, as described in the footnotes to the Form 4.
When do the VIDA (VIDA) Series A Common Warrants expire?
The Series A Common Warrants expire at 5:00 p.m. Central time on September 3, 2035, or earlier upon the acquisition or sale of substantially all assets of VIDA, whichever occurs first.
Were the VIDA (VIDA) warrant exercises under a Rule 10b5-1 trading plan?
The Form 4 indicates the Rule 10b5-1 checkbox is not checked, and there is no footnote stating that the transactions were made pursuant to a Rule 10b5-1 or similar pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
