Chen Bihua 4

What Happened Bihua Chen (reported as Chen Bihua) and related holder Helix Holdings III LLC reported acquisitions in Helix Acquisition Corp. III (HLXC). On Jan 26, 2026 each was reported as receiving 497,500 Class A ordinary shares at $10.00 per share (value $4,975,000). On Jan 22, 2026 each was recorded as acquiring 718,750 Class B ordinary shares in a share capitalization (derivative issuance). These are inbound transfers/awards, not open-market purchases or sales.

Key Details

• Transactions reported for both Bihua Chen and Helix Holdings III LLC.
• Jan 26, 2026: Grant/award/acquisition — 497,500 Class A shares @ $10.00 each; total value $4,975,000.
• Jan 22, 2026: Other acquisition (derivative via share capitalization) — 718,750 Class B ordinary shares (no $ price; derivative issuance).
• Shares owned after transaction: not specified in this Form 4 summary.
• Notable footnotes: Helix Holdings III LLC is the record holder; Cormorant Fund VI and Cormorant Master Fund own 100% of Helix Holdings III LLC; Bihua Chen is managing member of those funds and disclaims beneficial ownership except to extent of any pecuniary interest. The Class B shares automatically convert one-for-one into Class A shares upon a qualifying business combination per the issuer’s S-1.
• Filing covers transactions dated Jan 22 and Jan 26, 2026; the Form 4 was filed Jan 26, 2026.

Context The Jan 22 action was a capitalization issuance of Class B shares (a derivative security that converts to Class A upon a business combination). The Jan 26 entry reflects an award/grant of Class A shares at $10 per share. These filings involve a 10% owner and affiliated investment vehicles (institutional/ownership structure), not a routine executive open-market trade; they are record-keeping of allocations and derivative conversions rather than market buys or sales.