Xsolla SPAC 1 (XSLLU) CEO discloses 73,334 Class B shares

Rhea-AI Filing Summary

Xsolla SPAC 1 director and Chief Executive Officer Dmitry Burkovskiy reported his initial beneficial ownership on a Form 3. He holds 73,334 Class B Ordinary Shares directly. These Class B shares will automatically convert into Class A ordinary shares on a one-for-one basis upon the issuer’s initial business combination or earlier at the holders’ option, and they have no expiration date.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Burkovskiy Dmitry

(Last) (First) (Middle)

15260 VENTURA BOULEVARD, SUITE 2230

(Street)

SHERMAN OAKS CA 91403

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
01/28/2026

3. Issuer Name and Ticker or Trading Symbol
Xsolla SPAC 1 [ XSLLU ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Class B Ordinary Shares	(1)	(1)	Class A Ordinary Shares	73,334	(1)	D

Explanation of Responses:

1. The Class B ordinary shares will automatically convert into Class A ordinary shares concurrently with or immediately following the consummation of the Issuer's initial business combination, or earlier at the option of the holders thereof on a one-for-one basis, subject to the adjustments. The Class B ordinary shares have no expiration date.

	/s/ Dmitry Burkovskiy	02/19/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
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FAQ

What does Dmitry Burkovskiy report in his Form 3 for XSLLU?

He reports his initial beneficial ownership in Xsolla SPAC 1. The filing shows he directly holds 73,334 Class B Ordinary Shares, which can later convert into Class A ordinary shares on a one-for-one basis under specified conditions.

How many shares does the Xsolla SPAC 1 CEO hold according to the Form 3?

The Form 3 shows Xsolla SPAC 1 CEO Dmitry Burkovskiy directly holding 73,334 Class B Ordinary Shares. These shares represent his reported beneficial ownership position at the time of the filing, without any associated buy or sell transaction codes.

What are Class B Ordinary Shares of Xsolla SPAC 1 and how do they convert?

The Class B ordinary shares will automatically convert into Class A ordinary shares concurrently with or immediately following Xsolla SPAC 1’s initial business combination, or earlier at the option of the holders, on a one-for-one basis, subject to adjustments.

Do Xsolla SPAC 1 Class B Ordinary Shares reported in this Form 3 expire?

The Class B ordinary shares reported in the Form 3 have no expiration date. They remain outstanding until converted into Class A ordinary shares under the terms described, such as following the issuer’s initial business combination or at the option of the holders.

Is there any buy or sell transaction reported in this XSLLU Form 3 filing?

No specific buy or sell transaction is indicated in this Form 3. The filing reflects an initial statement of beneficial ownership, listing 73,334 Class B Ordinary Shares held directly, with the transaction direction categorized as unknown in the summary data.