MONEY ARTHUR L 4
4 · HawkEye 360, Inc. · Filed May 12, 2026
Research Summary
AI-generated summary of this filing
HawkEye 360 (HAWK) Director Arthur L. Money Converts Preferred, Exercises Warrants
What Happened
- Arthur L. Money, a director of HawkEye 360 (HAWK), reported the automatic conversion of multiple series of preferred stock into common shares and the net exercise of warrants on May 8, 2026, in connection with the company’s IPO. The filing shows conversions totaling 16,882 shares of common stock (from Series A‑1, A‑3, B, C and D preferred on a 1‑for‑1 basis) and exercise/conversion activity related to warrants that resulted in 161 net shares (123 and 40 gross warrant shares less 1 share withheld for each warrant). Conversions and the recorded transactions show $0.00 cash consideration for the converted derivative securities; the warrants had a $0.01 exercise price but were paid on a cashless/net basis per the footnotes.
Key Details
- Transaction date: May 8, 2026; Form 4 filed May 12, 2026 (within the standard two‑business‑day filing window).
- Prices/consideration: Preferred converted 1-for-1 at $0.00; warrants had $0.01 exercise price but were net‑exercised (cashless), with 1 warrant share withheld in each case to cover the exercise price.
- Reported share movements: conversions totaled 16,882 common shares; warrant activity resulted in 161 net common shares issued to the holder after withholding.
- Shares owned after transaction: not specified in the provided excerpt of the filing.
- Footnotes: (F1) preferred series automatically converted upon IPO; (F2/F5) shares and warrants held by the Money Family Trust (reporting person is trustee with voting/dispositive power); (F3/F4) describe the cashless/net exercise and 1‑share withholding for each warrant.
- Transaction codes: C = conversion of derivative security; M = exercise/conversion of derivative; D = disposition to issuer (used here for share withholding).
Context
- This is a corporate-event conversion tied to HawkEye 360’s IPO rather than an open‑market purchase or sale by the insider. Automatic conversions of preferred stock and cashless/net warrant exercises are common on IPOs and do not necessarily reflect an insider’s buy/sell sentiment.
- The warrant exercises were cashless (net) — the issuer withheld shares to cover the tiny exercise price rather than the holder paying cash.
Insider Transaction Report
Form 4
MONEY ARTHUR L
Director
Transactions
- Conversion
Common Stock
[F1]2026-05-08+4,545→ 4,545 total - Conversion
Common Stock
[F1][F2]2026-05-08+12,337→ 12,337 total(indirect: See footnote) - Exercise/Conversion
Common Stock
[F3][F2]2026-05-08+123→ 12,460 total(indirect: See footnote) - Disposition to Issuer
Common Stock
[F3][F2]2026-05-08−1→ 12,459 total(indirect: See footnote) - Exercise/Conversion
Common Stock
[F4][F2]2026-05-08+40→ 12,499 total(indirect: See footnote) - Disposition to Issuer
Common Stock
[F4][F2]2026-05-08−1→ 12,498 total(indirect: See footnote) - Conversion
Series A-1 Preferred Stock
[F1]2026-05-08−4,545→ 0 total→ Common Stock (4,545 underlying) - Conversion
Series A-3 Preferred Stock
[F1][F2]2026-05-08−8,281→ 0 total(indirect: See Footnote)→ Common Stock (8,281 underlying) - Conversion
Series B Preferred Stock
[F1][F2]2026-05-08−3,172→ 0 total(indirect: See Footnote)→ Common Stock (3,172 underlying) - Conversion
Series C Preferred Stock
[F1][F2]2026-05-08−596→ 0 total(indirect: See Footnote)→ Common Stock (596 underlying) - Conversion
Series D Preferred Stock
[F1][F2]2026-05-08−288→ 0 total(indirect: See Footnote)→ Common Stock (288 underlying) - Exercise/Conversion
Warrant to Purchase Common Stock
[F3][F5]2026-05-08−123→ 0 total(indirect: See Footnote)Exercise: $0.01→ Common Stock (123 underlying) - Exercise/Conversion
Warrant to Purchase Common Stock
[F4][F5]2026-05-08−40→ 0 total(indirect: See Footnote)Exercise: $0.01→ Common Stock (40 underlying)
Footnotes (5)
- [F1]The Series A-1 Preferred Stock, Series A-3 Preferred Stock, Series B Preferred Stock, Series C Preferred Stock, and Series D Preferred Stock automatically converted into common stock upon the closing of the Issuer's initial public offering for no additional consideration, on a 1-for-1 basis, and had no expiration date.
- [F2]The shares are held by the Money Family Trust dated November 19, 1981, revised August 26, 2016, of which the reporting person is the trustee and has voting and dispositive power.
- [F3]The warrant to acquire common stock automatically net exercised into shares of the Issuer's common stock immediately prior to consummation of the IPO. The warrant had an exercise price of $0.01 per share. The holder paid the exercise price on a cashless basis, resulting in the Issuer's withholding of 1 of the warrant shares to pay the exercise price and issuing to the holder the remaining 122 shares.
- [F4]The warrant to acquire common stock automatically net exercised into shares of the Issuer's common stock immediately prior to consummation of the IPO. The warrant had an exercise price of $0.01 per share. The holder paid the exercise price on a cashless basis, resulting in the Issuer's withholding of 1 of the warrant shares to pay the exercise price and issuing to the holder the remaining 39 shares.
- [F5]The warrants are held of record by Money Family Trust dated November 19, 1981, revised August 26, 2016. The reporting person is the trustee and has voting and dispositive power over the underlying shares of common stock.
Signature
/s/ Michael S. Turner, Attorney-in-Fact|2026-05-12