Xsolla SPAC 1 (XSLLU) CLO reports 73,334 Class B shares

Rhea-AI Filing Summary

Xsolla SPAC 1 director and Chief Legal Officer Carla Bedrosian filed an initial ownership report on Class B Ordinary Shares. She reported beneficial ownership of 73,334 Class B Ordinary Shares, held directly. These Class B shares will automatically convert into Class A ordinary shares on a one-for-one basis upon the company’s initial business combination or earlier at the holders’ option, and they have no expiration date.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Bedrosian Carla

Role Chief Legal Officer

Type	Security	Shares	Price	Value
holding	Class B Ordinary Shares	--	--	--

Holdings After Transaction: Class B Ordinary Shares — 73,334 shares (Direct)

Footnotes (1)

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Understanding Insider Trading Forms →

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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OMB Number:			3235-0104
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1. Name and Address of Reporting Person^*

Bedrosian Carla

(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 Legal 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/ Carla Bedrosian	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).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What does Carla Bedrosian report in her Form 3 for XSLLU?

Carla Bedrosian reports initial beneficial ownership of 73,334 Class B Ordinary Shares of Xsolla SPAC 1. These shares are held directly and disclosed as her baseline stake as a director and Chief Legal Officer.

How many Xsolla SPAC 1 shares does Carla Bedrosian beneficially own?

Carla Bedrosian beneficially owns 73,334 Class B Ordinary Shares of Xsolla SPAC 1. This figure reflects her direct holding as reported in the Form 3, serving as the starting point for any future insider transaction reporting.

What is special about Xsolla SPAC 1 Class B Ordinary Shares reported on this Form 3?

The reported Class B Ordinary Shares automatically convert into Class A ordinary shares on a one-for-one basis when Xsolla SPAC 1 completes its initial business combination, or earlier at the holders’ option, and the Class B shares have no expiration date.

Does the Form 3 for XSLLU show a recent buy or sell transaction?

The Form 3 does not show a buy or sell transaction; it records initial beneficial ownership of 73,334 Class B Ordinary Shares. Form 3 filings generally establish an insider’s starting ownership position rather than documenting new trades.

What role does Carla Bedrosian hold at Xsolla SPAC 1?

Carla Bedrosian is disclosed as a director and Chief Legal Officer of Xsolla SPAC 1. Her Form 3 filing reflects the Class B Ordinary Shares she beneficially owns in that capacity at the time of becoming a reporting insider.

Do the Class B shares in Carla Bedrosian’s Form 3 ever expire?

The Class B ordinary shares reported in Carla Bedrosian’s Form 3 have no expiration date. They remain outstanding until converted into Class A ordinary shares, either automatically after the initial business combination or earlier at the holders’ option.