Bernstein Bruce 4

What Happened
Bruce Bernstein, a director of RRE Ventures Acquisition Corp. (ticker: RREV), received three awards/acquisitions of derivative Class B ordinary shares: 40,000 shares on 2026-03-02 (no cash paid), 75,000 shares on 2026-03-25 (no cash paid), and 250,000 shares on 2026-05-01 purchased for $1.00 per share (total $250,000). All three transactions are reported as awards/acquisitions (Form 4 code “A”) and are classified as derivative securities.

Key Details

• Transaction dates and terms:
  • 2026-03-02 — 40,000 Class B ordinary shares, $0.00 per share (value $0) (A).
  • 2026-03-25 — 75,000 Class B ordinary shares, $0.00 per share (value $0) (A).
  • 2026-05-01 — 250,000 Class B ordinary shares, $1.00 per share (value $250,000) (A).
• Total awarded: 365,000 Class B ordinary shares; total cash paid in these filings = $250,000.
• Shares owned after transaction: Not specified in the provided summary of the filing.
• Footnotes of note:
  • F1: Class B ordinary shares convert one-for-one into Class A ordinary shares at the time of the issuer’s initial business combination (or earlier at the holder’s option) and have no expiration date.
  • F2: Some of these securities were previously reported on the reporting person’s Form 3.
  • F3: (Related disclosure) private placement warrants will become exercisable 30 days after the issuer’s initial business combination and expire five years after that combination.
• Filing info: Form 4 accession 0001193125-26-206541 filed 2026-05-05, reporting these transactions.

Context

• These are awards/acquisitions of derivative Class B shares (not open-market purchases or sales). Class B shares typically convert into publicly tradable Class A shares upon RREV’s completion of a business combination, so these awards represent potential future Class A shares rather than immediate market transactions.
• Awards and derivative grants are common for insiders and do not necessarily indicate immediate buying or selling of publicly traded shares. They differ from open-market purchases, which some investors view as a stronger near-term bullish signal.