Director Levin Eugenie discloses 73,334 Class B shares in Xsolla SPAC 1 (XSLLU)

Rhea-AI Filing Summary

Xsolla SPAC 1 director Levin Eugenie has filed an initial ownership report showing direct holdings of 73,334 Class B ordinary shares. These Class B shares will automatically convert into Class A ordinary shares on a one-for-one basis upon or immediately after the company’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^*

Levin Eugenie

(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
	Officer (give title below)		Other (specify below)

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/ Eugenie Levin	03/03/2026
	** 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 Levin Eugenie report owning in Xsolla SPAC 1 (XSLLU)?

Levin Eugenie reports direct ownership of 73,334 Class B ordinary shares of Xsolla SPAC 1. This disclosure comes via an initial insider ownership filing and reflects holdings after the reported event, not a new purchase or sale.

What are Xsolla SPAC 1 (XSLLU) Class B ordinary shares?

Xsolla SPAC 1 Class B ordinary shares are a separate share class that will convert into Class A ordinary shares on a one-for-one basis. They are typically founder or sponsor shares and, as disclosed, have no expiration date.

When will the Class B shares of Xsolla SPAC 1 convert to Class A?

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 holders’ option, according to the disclosed terms in the insider ownership footnote.

Does the filing show any buy or sell transactions by Levin Eugenie in XSLLU?

The disclosure functions as an initial ownership report and does not show explicit buy or sell transactions. It lists Levin Eugenie’s post-event holdings of 73,334 Class B ordinary shares, with the transaction direction categorized as unknown in the structured data.

Do Xsolla SPAC 1 Class B ordinary shares expire?

According to the filing, the Class B ordinary shares have no expiration date. They remain outstanding until they automatically convert into Class A ordinary shares in connection with the initial business combination or earlier at the option of their holders.