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RRE Ventures Acquisition Corp.·4

May 5, 4:30 PM ET

Gertler James Steven 4

Research Summary

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Updated

RRE Ventures (RREV) Director James Gertler Receives Grants

What Happened

  • James Steven Gertler, a director of RRE Ventures Acquisition Corp. (RREV), received three derivative grants/awards. He was credited with 30,000 and 37,500 derivative shares at $0.00 (grants) on 2026-03-02 and 2026-03-24, and acquired 125,000 derivative securities on 2026-05-01 at $1.00 each for a total cash outlay of $125,000. These transactions are acquisitions (A) — i.e., awards/grants or other acquisitions of derivative securities — rather than open-market purchases or sales.

Key Details

  • Transaction dates and prices:
    • 2026-03-02: 30,000 shares at $0.00 (grant)
    • 2026-03-24: 37,500 shares at $0.00 (grant)
    • 2026-05-01: 125,000 shares at $1.00 each (total $125,000)
  • Total new derivative securities received: 192,500.
  • Shares owned after transaction: Not specified in the provided filing excerpt.
  • Filing timeliness: Form filed 2026-05-05. The March 2 and March 24 grants were reported late (required to be on a Form 4 within two business days of the transaction). The May 1 acquisition was filed on 2026-05-05, which is within two business days given the weekend.
  • Footnotes from the filing:
    • F1: Class B ordinary shares convert one-for-one into Class A ordinary shares at the issuer’s initial business combination (no expiration).
    • F2: Some securities were previously reported on a Form 3 by the reporting person.
    • F3: Private placement warrants (if applicable) become exercisable 30 days after the issuer’s initial business combination and expire five years after that combination (or earlier upon liquidation).

Context

  • These were derivative grants/awards (not open-market buys or sales). For retail investors, awards at $0 often reflect founder-class or compensation-related shares that convert into publicly tradable Class A shares upon a business combination; the $1.00 acquisition suggests a paid private-placement-type security. Derivative instruments (like Class B shares or private placement warrants) have conversion/exercise rules (see footnotes) and may not be immediately tradable. As always, insider grants are factual signals of position but do not by themselves explain motivation.