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

Rhea-AI Filing Summary

Xsolla SPAC 1’s Chief Financial Officer, Jan Rytis Joseph, 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 when the company completes its 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 Jan Rytis Joseph

Role Chief Financial Officer

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

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

Footnotes (1)

1. F1. 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.

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Accepted by SEC EDGAR 02/19/2026 - 11:49 AM Learn about SEC filing dates

FAQ

What does the Xsolla SPAC 1 (XSLLU) Form 3 filing report?

The Form 3 filing reports that Chief Financial Officer Jan Rytis Joseph beneficially owns 73,334 Class B ordinary shares of Xsolla SPAC 1. This establishes his initial ownership position as an insider subject to Section 16 reporting requirements.

How many Xsolla SPAC 1 Class B shares does the CFO hold?

Chief Financial Officer Jan Rytis Joseph holds 73,334 Class B ordinary shares of Xsolla SPAC 1. These shares are reported as directly owned and represent his initial disclosed insider position in the company’s equity structure.

What happens to Xsolla SPAC 1 Class B ordinary shares after the business combination?

The Class B ordinary shares will automatically convert into Class A ordinary shares on a one-for-one basis when Xsolla SPAC 1 completes its initial business combination. This conversion may also occur earlier at the option of the holders under the same one-for-one terms.

Do Xsolla SPAC 1 Class B ordinary shares have an expiration date?

The Class B ordinary shares have no expiration date. They remain outstanding until converted into Class A ordinary shares either automatically upon completion of the initial business combination or earlier if the holders choose to exercise their conversion option.

Is the Xsolla SPAC 1 Form 3 a buy or sell transaction?

The Form 3 does not report a buy or sell transaction. It simply discloses Chief Financial Officer Jan Rytis Joseph’s existing beneficial ownership of 73,334 Class B ordinary shares as he becomes subject to insider reporting requirements.

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

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Jan Rytis Joseph

(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 Financial 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/ Rytis Joseph Jan	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.