Mancini Robert Scott 4
Research Summary
AI-generated summary
RRE Ventures (RREV) Director Robert Mancini Receives Equity Awards
What Happened
- Robert Scott Mancini, a director of RRE Ventures Acquisition Corp. (RREV), was the recipient of three equity awards/derivative acquisitions: 40,000 shares on 2026-03-20 at $0.00, 75,000 shares on 2026-03-25 at $0.00, and 250,000 shares on 2026-05-01 at $1.00 (total value shown for that tranche = $250,000). All transactions are reported as "A" (grant/award/acquisition) and are derivative in nature.
Key Details
- Transaction dates and prices:
- 2026-03-20: 40,000 shares @ $0.00 (Acquired)
- 2026-03-25: 75,000 shares @ $0.00 (Acquired)
- 2026-05-01: 250,000 shares @ $1.00 (Acquired) — $250,000 value shown
- Total shares received across these filings: 365,000
- Shares owned after transaction: Not specified in the information provided.
- Relevant footnotes from the filing:
- F1: The Class B Ordinary Shares automatically convert to Class A Ordinary Shares one-for-one at the issuer's initial business combination (or earlier at the reporting person'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 event (or earlier upon liquidation).
- Filing timeliness: No late-filing flag was indicated in the provided data.
Context
- These were grants/awards (derivative instruments), not open-market purchases. For retail investors: awards and conversion features (Class B → Class A at business combination) are common for SPAC-related insiders and do not directly indicate an open-market buy or sell decision. The $1.00 acquisition on 2026-05-01 shows a monetary exchange for that tranche; the zero-dollar entries reflect awarded/issued derivative shares.