Churchill Capital XIII insider buys 350K shares
Churchill Sponsor XIII LLC, associated with Michael Stuart Klein of Churchill Capital Corp XIII, purchased 350,000 Class A ordinary shares on 2026-08-03 at $10.00 per share through private placement units.
Rhea-AI Filing Summary
Churchill Sponsor XIII LLC, associated with Michael Stuart Klein of Churchill Capital Corp XIII, purchased 350,000 Class A ordinary shares on 2026-08-03 at $10.00 per share through private placement units. These shares are held indirectly, with Klein potentially deemed a beneficial owner through M. Klein Associates, Inc., while he disclaims beneficial ownership beyond any pecuniary interest. Following the transaction, the reporting group’s indirect holdings in these shares total 350,000.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A Ordinary Shares F1, F2 | 350,000 | $10.00 | $3.50M |
Footnotes (2)
- F1. Represents shares underlying the private placement units (each unit consisting of one Class A ordinary share and one-tenth of one warrant, each whole warrant exercisable to purchase one Class A ordinary share) directly held by Churchill Sponsor XIII LLC (the "Sponsor"), and which were acquired pursuant to a Private Placement Units Purchase Agreement by and between the Sponsor and Churchill Capital Corp XIII.
- F2. Michael Stuart Klein, the Chief Executive Officer, President and a director of the Issuer, is the controlling shareholder of M. Klein Associates, Inc., which is the managing member of the Sponsor and has voting and investment discretion with respect to the securities held by the Sponsor. As such, Mr. Klein may be deemed to possess beneficial ownership of the securities held directly by the Sponsor. Mr. Klein disclaims any beneficial ownership of the reported securities other than to the extent of any pecuniary interest he may have therein, directly or indirectly.
Key Figures
Key Terms
private placement units financial
beneficial ownership financial
pecuniary interest financial
FAQ
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What insider transaction did Churchill Capital Corp XIII (XIIIU) report?
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How is beneficial ownership described for Michael Stuart Klein in the XIIIU filing?
Were the XIIIU insider transactions made under a Rule 10b5-1 trading plan?
AI-generated analysis. How Rhea-AI works. Not financial advice.