Kassin Philip (Phil) 4

4 · RRE Ventures Acquisition Corp. · Filed May 5, 2026

AI-generated summary of this filing

Updated May 5, 2026

RRE Ventures (RREV) CEO Phil Kassin Receives 775,000-Share Awards

What Happened

Phil (Philip) Kassin, CEO of RRE Ventures Acquisition Corp. (RREV), reported three grant/acquisition events totaling 775,000 derivative shares.
- Mar 2, 2026: 450,000 shares granted at $0.00 (value $0).
- Mar 18, 2026: 75,000 shares granted at $0.00 (value $0).
- May 1, 2026: 250,000 shares granted/acquired at $1.00 each (total cash $250,000).
These are reported as derivative securities (grants/awards or other acquisitions), not open-market purchases or sales.

Key Details

Transaction dates and prices:
- 2026-03-02 — 450,000 shares @ $0.00 (A)
- 2026-03-18 — 75,000 shares @ $0.00 (A)
- 2026-05-01 — 250,000 shares @ $1.00 (A), total $250,000
Shares owned after the transactions: not specified in this filing.
Footnotes from the filing:
- F1: The Class B ordinary shares convert one-for-one into Class A ordinary shares at the issuer's initial business combination (or earlier at the holder's option) and have no expiration date.
- F2: Some securities were previously reported on the reporting person’s Form 3.
- F3: Private placement warrants (mentioned in the filing) become exercisable 30 days after completion of the issuer's initial business combination and expire five years after that combination (or earlier upon liquidation).
Timeliness: The Form 4 was filed May 5, 2026. Because insider filings are generally required within two business days of a reportable transaction, this filing appears later than the typical reporting window for the March and May transactions.

Context

These entries are derivative grants/awards tied to the SPAC structure: the Class B shares convert into public Class A shares upon the SPAC’s business combination, so the reported securities are not immediately tradable Class A stock.
Two grants show $0 consideration (common for awards or founder/compensation shares); one grant involved a cash payment of $250,000 for 250,000 shares. These are acquisitions (insider buys/awards), which investors often watch closely, but the filing itself does not state the reporting person's motivation.

Form 4

Period: 2026-03-02

DirectorChief Executive Officer

Transactions

Award
Class B Ordinary Shares
[F1][F2]
2026-03-02+450,000→ 450,000 total
→ Class A Ordinary Shares (450,000 underlying)
Award
Class B Ordinary Shares
[F1][F2]
2026-03-18+75,000→ 525,000 total
→ Class A Ordinary Shares (75,000 underlying)
Award
Warrant
[F3]
2026-05-01$1.00/sh+250,000$250,000→ 250,000 total
Exercise: $11.50→ Class A Ordinary Shares (250,000 underlying)

Footnotes (3)

[F1]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 Reporting Person, on a one-for-one basis, subject to adjustment, and have no expiration date.
[F2]These securities were previously reported on a Form 3 filed by the Reporting Person.
[F3]The private placement warrants will become exercisable 30 days after the completion of the Issuer's initial business combination and will expire five years after the completion of the Issuer's initial business combination or earlier upon liquidation.

Signature

/s/ Philip Kassin|2026-05-05

1 file