RRE Sponsor, LLC 4

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.