Texas Ventures Acquisition III Corp: 10% owner Angelo Mark received 37,500 shares

What happened

• Angelo Mark, listed as a 10% owner, acquired derivative securities on Sep 30, 2026: 25,000 derivative ordinary shares and 12,500 derivative warrants. No per-share price is reported. The filing says the issuer issued a $250,000 convertible promissory note to Yorkville Acquisition Sponsor II, LLC that may convert into 25,000 units (one ordinary share plus one-half warrant per unit), yielding 25,000 ordinary shares and warrants to purchase 12,500 ordinary shares upon consummation of the business combination (footnote F1).

Key details

• Transaction date: Sep 30, 2026. Form 4 filed Oct 7, 2026.
• Transaction code: A (grant/award/other acquisition); price: N/A.
• Principal amount of note: $250,000; payable on earlier of consummation of initial business combination or winding up; convertible at the sponsor's election upon consummation (footnotes F1–F2).
• Securities described in issuer registration statement Form S-1 (footnote F3).
• Ownership after the transaction: not reported in this filing.
• Beneficial ownership chain per filing: Yorkville Advisors Global, LP manages the sponsor; YA II PN, Ltd. is a member of the sponsor; Yorkville LP is investment manager of YA II PN; Yorkville Advisors Global II, LLC is general partner of Yorkville LP. The filing says Mr. Angelo serves as president of Yorkville LLC and may be deemed to have beneficial ownership of the securities held by the sponsor, and that Mr. Angelo disclaims any beneficial ownership of the reported securities except to the extent of his pecuniary interest therein (footnote F4).

Why it may matter

• The Form 4 reports derivative acquisitions tied to a convertible note that will produce ordinary shares and warrants upon a future business combination; these are not open-market purchases or sales.
• Angelo Mark is reported as a 10% owner (a large holder, not an executive).
• The filing does not show why the insider traded or why the company acted.