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  4. [Form 3] Karman Line Acquisition Corp. Initial Statement of Beneficial Ownership

Karman Line (XTERU) insider linked to 6.9M shares that convert to Class A

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
3

Rhea-AI Filing Summary

Karman Line Acquisition Corp. (XTERU) insider Vikas Mittal filed an initial Form 3 reporting indirect ownership of 6,856,667 Class B ordinary shares held by Samara Acquisition Sponsor VI Ltd. These Class B shares automatically convert into Class A ordinary shares on a one-for-one basis upon the initial business combination, or earlier at the holder’s option, and have no expiration date.

The sponsor’s Class B holdings include up to 1,000,000 shares subject to forfeiture if the IPO underwriters do not fully exercise their over-allotment option. Mittal controls the sponsor through SAMARA DE VI, LLC and may be deemed to share voting and dispositive power, while disclaiming beneficial ownership beyond his pecuniary interest.

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Insider Mittal Vikas, Samara Acquisition Sponsor VI Ltd
Role See Remarks | 10% Owner
Type Security Shares Price Value
holding Class B Ordinary Shares F1, F2, F3 -- -- --
Holdings After Transaction: Class B Ordinary Shares — 6,856,667 shares (Indirect, See Footnote)
Footnotes (3)
  1. F1. As described in the issuer's registration statement on Form S-1 (File No. 333-297706) under the heading "Description of Securities - Founder Shares", the Class B ordinary shares will automatically convert into Class A ordinary shares at the time of the issuer's initial business combination, or at any time prior thereto at the option of the holder thereof, on a one-for-one basis, subject to adjustment as provided in the issuer's registration statement, and have no expiration date.
  2. F2. Represent Class B ordinary shares held by SAMARA ACQUISITION SPONSOR VI LTD. (the "sponsor"), acquired pursuant to a subscription agreement by and between the sponsor and the issuer. The Class B ordinary shares owned by the sponsor includes up to 1,000,000 shares that are subject to forfeiture in the event the underwriter of the initial public offering of the issuer's securities do not exercise in full their over-allotment option as described in the issuer's registration statement.
  3. F3. The sponsor is the record holder of the shares reported herein. Mr. Mittal, the issuer's Chief Financial Officer, owns and controls SAMARA DE VI, LLC, the sole holder of the sponsor's Class C ordinary shares, which confer voting and control power over the sponsor, and therefore may be deemed to have voting and dispositive power over the Class B ordinary shares owned by the sponsor. As such, Mr. Mittal may be deemed to have or share beneficial ownership of the Class B ordinary shares held directly by the sponsor. Mr. Mittal disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest that Mr. Mittal may have therein, directly or indirectly.
Indirect Class B ordinary shares held 6,856,667 shares Class B ordinary shares held indirectly through Samara Acquisition Sponsor VI Ltd.
Underlying Class A ordinary shares 6,856,667 shares Class B ordinary shares convertible into Class A ordinary shares on a one-for-one basis
Shares subject to forfeiture 1,000,000 shares Class B ordinary shares that may be forfeited if IPO over-allotment option is not fully exercised
Class B ordinary shares financial
"Represent Class B ordinary shares held by SAMARA ACQUISITION SPONSOR VI LTD."
Class B ordinary shares are a type of ownership stake in a company that typically come with different voting rights or privileges compared to other share classes. For investors, they represent a way to hold part of the company’s value and influence its decisions, often with fewer voting rights than Class A shares. Understanding these shares helps investors assess their level of control and potential returns within a company.
Class A ordinary shares financial
"the Class B ordinary shares will automatically convert into Class A ordinary shares"
Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.
over-allotment option financial
"shares that are subject to forfeiture in the event the underwriter ... do not exercise in full their over-allotment option"
An over-allotment option is a special agreement that allows underwriters to sell more shares than initially planned if demand is high. Think of it like a retailer offering extra units of a popular product to meet additional customer interest. This option helps ensure the full sale is completed and can also give investors extra shares if they want more.
beneficial ownership financial
"Mr. Mittal may be deemed to have or share beneficial ownership of the Class B ordinary shares"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

FAQ

What insider ownership did Vikas Mittal report in Karman Line Acquisition Corp. (XTERU)?
Vikas Mittal reported indirect ownership of 6,856,667 Class B ordinary shares of Karman Line Acquisition Corp., held through Samara Acquisition Sponsor VI Ltd. These shares may convert into Class A ordinary shares on a one-for-one basis in connection with the company’s business combination.

How can XTERU’s Class B ordinary shares reported by Mittal be converted into Class A shares?
The reported Class B ordinary shares automatically convert into Class A ordinary shares at the time of Karman Line Acquisition Corp.’s initial business combination, or earlier at the holder’s option, on a one-for-one basis, and they have no expiration date under the described terms.

How many of Mittal-linked XTERU Class B shares are subject to possible forfeiture?
Within the sponsor’s holdings, up to 1,000,000 Class B ordinary shares are subject to forfeiture if the underwriters of Karman Line Acquisition Corp.’s IPO do not fully exercise their over-allotment option, as described in the company’s registration statement.

Through what entity does Vikas Mittal control his indirect XTERU share holdings?
The Class B shares are held of record by Samara Acquisition Sponsor VI Ltd. Mittal owns and controls SAMARA DE VI, LLC, which holds the sponsor’s Class C ordinary shares conferring voting and control power, so he may be deemed to have voting and dispositive power over these shares.

Does Vikas Mittal fully acknowledge beneficial ownership of all reported XTERU shares?
No. While he may be deemed to have or share beneficial ownership of the Class B ordinary shares held by the sponsor, Mittal expressly disclaims beneficial ownership of these shares except to the extent of any pecuniary interest he may have in them.

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SEC Form 3
FORM 3UNITED 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*
Mittal Vikas
(Last)(First)(Middle)
C/O KARMAN LINE ACQUISITION CORP.
1200 N. FEDERAL HWY, SUITE 200
(Street)
BOCO RATON FLORIDA 33432
(City)(State)(Zip)
UNITED STATES
(Country)		2. Date of Event Requiring Statement (Month/Day/Year)
08/17/2026		3. Issuer Name and Ticker or Trading Symbol
Karman Line Acquisition Corp. [ XTERU ]
3a. Foreign Trading Symbol
5. If Amendment, Date of Original Filed (Month/Day/Year)
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirectorX10% Owner
XOfficer (give title below)Other (specify below)
See Remarks
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
XForm 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 ExercisableExpiration DateTitleAmount or Number of Shares
Class B Ordinary Shares (1) (1)Class A Ordinary Shares6,856,667(2)(3)(1)ISee Footnote(2)
1. Name and Address of Reporting Person*
Mittal Vikas
(Last)(First)(Middle)
C/O KARMAN LINE ACQUISITION CORP.
1200 N. FEDERAL HWY, SUITE 200
(Street)
BOCO RATON FLORIDA 33432
(City)(State)(Zip)
UNITED STATES
(Country)
Relationship of Reporting Person(s) to Issuer
XDirectorX10% Owner
XOfficer (give title below)Other (specify below)
See Remarks
1. Name and Address of Reporting Person*
Samara Acquisition Sponsor VI Ltd
(Last)(First)(Middle)
C/O KARMAN LINE ACQUISITION CORP.
1200 N. FEDERAL HWY, SUITE 200
(Street)
BOCA RATON FLORIDA 33432
(City)(State)(Zip)
UNITED STATES
(Country)
Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
Explanation of Responses:
1. As described in the issuer's registration statement on Form S-1 (File No. 333-297706) under the heading "Description of Securities - Founder Shares", the Class B ordinary shares will automatically convert into Class A ordinary shares at the time of the issuer's initial business combination, or at any time prior thereto at the option of the holder thereof, on a one-for-one basis, subject to adjustment as provided in the issuer's registration statement, and have no expiration date.
2. Represent Class B ordinary shares held by SAMARA ACQUISITION SPONSOR VI LTD. (the "sponsor"), acquired pursuant to a subscription agreement by and between the sponsor and the issuer. The Class B ordinary shares owned by the sponsor includes up to 1,000,000 shares that are subject to forfeiture in the event the underwriter of the initial public offering of the issuer's securities do not exercise in full their over-allotment option as described in the issuer's registration statement.
3. The sponsor is the record holder of the shares reported herein. Mr. Mittal, the issuer's Chief Financial Officer, owns and controls SAMARA DE VI, LLC, the sole holder of the sponsor's Class C ordinary shares, which confer voting and control power over the sponsor, and therefore may be deemed to have voting and dispositive power over the Class B ordinary shares owned by the sponsor. As such, Mr. Mittal may be deemed to have or share beneficial ownership of the Class B ordinary shares held directly by the sponsor. Mr. Mittal disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest that Mr. Mittal may have therein, directly or indirectly.
Remarks:
Chief Financial Officer
/s/ Vikas Mittal, as the director of SAMARA ACQUISITION SPONSOR VI LTD.08/17/2026
/s/ Vikas Mittal08/17/2026
** Signature of Reporting PersonDate
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.
* Form 3: SEC 1473 (03-26)

Source: View Original Filing on SEC EDGAR