Donohoe Richard Charles 4

What Happened Richard Charles Donohoe, a director of HCM IV Acquisition Corp. (HACQ), was assigned 25,000 Class B ordinary shares on February 11, 2026. The filing reports the shares at $0.00 per share with an aggregate reported value of $75 (derivative reporting). The assignment was made by the Sponsor in connection with his appointment to the issuer’s board — this is an acquisition (not a sale).

Key Details

• Transaction date: 2026-02-11; reported on Form 4 filed 2026-02-18 (filed 7 days after the transaction).
• Transaction type/code: Other acquisition or disposition (J) — assignment of Class B ordinary shares.
• Amount: 25,000 Class B ordinary shares; reported per-share price $0.00; aggregate derivative value $75.
• Shares owned after transaction: Not specified in the provided Form 4.
• Footnotes of note:
  • The Class B shares are automatically convertible into Class A ordinary shares at the time of the issuer’s initial business combination on a one-for-one basis (subject to anti-dilution adjustments) and have no expiration date. They may be forfeitable under certain conditions tied to Mr. Donohoe’s board service.
  • The shares were assigned by HCM Investor Holdings IV, LLC (the Sponsor) pursuant to a securities purchase agreement dated February 11, 2026, in connection with his board appointment.
• Filing timeliness: The Form 4 was filed 7 days after the transaction — later than the typical 2-business-day reporting window for insiders.

Context These are Class B ordinary shares (a derivative security convertible into public Class A shares upon the company’s initial business combination). Assignments from a sponsor to a director in connection with board service are common for SPAC-related companies and do not by themselves indicate buying or selling sentiment in the public market. The late filing is a compliance/timeliness note for investors tracking insider activity.