Yorkville CFO Troy Rillo Commits to Purchase 91,770 Shares at $1
Rhea-AI Filing Summary
Troy Rillo, Chief Financial Officer of Yorkville Acquisition Corp. (YORK), reported a purchase agreement for Class A Ordinary Shares tied to the issuer's pending business combination. The Form 4 discloses that on 08/25/2025 the reporting person executed a purchase (transaction code P) of 91,770 Class A Ordinary Shares at a price of $1 per share, and that he beneficially owned 91,770 shares following the reported transaction. The filing explains the shares are to be purchased from Clear Street LLC upon closing of the business combination. The form is signed by Troy Rillo on 09/10/2025 and lists his address in Mountainside, NJ.
Positive
- Insider purchase disclosed: CFO agreed to acquire 91,770 Class A Ordinary Shares, signaling alignment with the pending business combination.
- Price stated: The shares are priced at $1 per share, and beneficial ownership post-transaction is clearly reported as 91,770 shares.
Negative
- None.
Insights
TL;DR: Insider has a committed purchase of 91,770 Class A shares at $1 tied to the closing of the business combination.
The Form 4 documents a beneficial acquisition by the issuer's CFO via a purchase agreement with Clear Street LLC, effective 08/25/2025, for 91,770 Class A Ordinary Shares at $1 per share. This is recorded under transaction code P, indicating a purchase pursuant to an agreement. For investors, insider purchases at nominal SPAC share prices can signal management alignment with the proposed combination, but the filing contains no information about the business combination terms, timing, or financing beyond the stated contingent purchase upon closing. The filing is narrowly focused on ownership change and does not provide forward-looking details.
TL;DR: CFO's committed acquisition is disclosed; it's contingent on the closing of the business combination.
The disclosure clearly identifies the reporting person as the CFO and a purchaser of 91,770 Class A Ordinary Shares from Clear Street LLC upon closing of the business combination. The use of transaction code P and the explanatory note indicate the agreement was simultaneous with entry into the business combination agreement. The filing is procedural and compliant in specifying beneficial ownership after the transaction. It does not disclose whether the purchase is part of a broader sponsor/insider support agreement or any special transfer restrictions.