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RRE Ventures Acquisition Corp.·4

May 5, 4:30 PM ET

Kassin Philip (Phil) 4

Research Summary

AI-generated summary

Updated

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.