RRE Sponsor, LLC 4
4 · RRE Ventures Acquisition Corp. · Filed May 18, 2026
Research Summary
AI-generated summary of this filing
RRE Ventures (RREV) 10% Owner RRE Sponsor Forfeits 1.25M Shares
What Happened RRE Sponsor, LLC (a 10% owner of RRE Ventures Acquisition Corp., ticker RREV) recorded a disposition on May 14, 2026: it forfeited 1,250,000 Class B ordinary shares (a derivative class) for no consideration. The filing lists the transaction price and total value as N/A because the shares were forfeited rather than sold for proceeds. This was recorded as an "other acquisition or disposition" (transaction code J) rather than a market sale.
Key Details
- Transaction date: May 14, 2026 (Form 4 filed May 18, 2026 — filing is within the SEC two-business-day window).
- Security: Class B Ordinary Shares (derivative); price/total value: N/A (forfeiture).
- Shares affected: 1,250,000 Class B ordinary shares forfeited.
- Footnote highlights:
- F1: Class B shares convert one-for-one into Class A ordinary shares at the issuer's initial business combination (or earlier at the reporting person’s option).
- F2: The forfeiture occurred because underwriters waived their over-allotment (overallotment option) related to the IPO, so the sponsor forfeited these shares for no consideration.
- F3: RRE Sponsor is managed by a three-member board of managers (Philip Kassin, Jeffrey Douglas Epstein, Stuart Ellman); each manager must agree on actions and disclaims sole beneficial ownership beyond pecuniary interest.
- Shares owned after the transaction: not specified in the filing.
Context
- This was not a cash sale or purchase by the sponsor but a contractual forfeiture tied to the underwriters' decision not to exercise the over-allotment option in the IPO. For retail investors, forfeitures tied to IPO mechanics are routine and do not necessarily signal insider sentiment about the company’s prospects.
- Because the affected securities are Class B shares that convert into publicly tradable Class A shares at a later corporate event (the business combination), the economic impact depends on future conversion and the terms of the transaction, not a current market sale.
Insider Transaction Report
Form 4
RRE Sponsor, LLC
10% Owner
Transactions
- Other
Class B Ordinary Shares
[F1][F2][F3]2026-05-14−1,250,000→ 5,585,333 total(indirect: See Footnote)→ Class A Ordinary Shares (1,250,000 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]On May 14, 2026, the underwriters waived the right to exercise their over-allotment option that was granted to them in connection with the Issuer's initial public offering. As a result, the Reporting Person forfeited 1,250,000 Class B Ordinary Shares for no consideration, as described in the Registration Statement.
- [F3]The Reporting Person is controlled by a board of managers, consisting of Philip Kassin, Jeffrey Douglas Epstein, and Stuart Ellman. Each manager has one vote, and the approval of each manager is required to approve an action of such entity. As a result, no member has the ability to direct the voting or disposition of the shares held by the Reporting Person, and each member of the board of managers disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
Signature
/s/ Philip Kassin, Manager|2026-05-18