Matthews Shawn 4

What Happened

• Shawn Matthews, Chairman and CEO of HCM IV Acquisition Corp., reported a disposition (transaction code J) of 75,000 derivative shares on February 11, 2026. The filing lists the price as $0.00 and a reported total value of $225. This was a disposition of convertible Class B ordinary shares (a form of derivative security), not a cash open‑market sale.

Key Details

• Transaction date: 2026-02-11; filing date (Form 4): 2026-02-18 (filed late).
• Reported transaction: 75,000 Class B ordinary shares disposed; price shown $0.00; reported value $225 (derivative).
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Footnotes of note:
  • F1: Class B ordinary shares convert one-for-one into Class A ordinary shares at the time of the issuer’s initial business combination (subject to anti-dilution adjustments) and have no expiration.
  • F3: The Class B shares at issue are held directly by the Sponsor (HCM IV Investor Holdings, LLC); Matthews is the Sponsor’s managing member and has sole voting and dispositive control over Sponsor-held shares and thus may be deemed the beneficial owner, though he disclaims beneficial ownership where he lacks a pecuniary interest.
• Filing timeliness: The Form 4 was filed seven days after the transaction date; Form 4s are generally required within two business days, so this filing was late.

Context

• These were convertible Class B ordinary shares (derivative securities) that convert into Class A shares upon the company’s initial business combination. The reported $0.00 price and transaction code “J” indicate an “other” disposition or transfer rather than a standard open‑market sale; the filing does not explain the reason for the transfer. Investors should treat this as a reported transfer of sponsor/insider-held convertible shares and note the late filing when considering timeliness of the disclosure.