Sapio Thomas Albert 4

What Happened

• Thomas Albert Sapio, 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 as an "other acquisition" (transaction code J) at $0.00 per share and lists a derivative value of $75.
• This assignment was made in connection with his appointment to the issuer’s board and documented in a securities purchase agreement with the sponsor.

Key Details

• Transaction date: 2026-02-11; Form 4 filed: 2026-02-18.
• Transaction type/code: Other acquisition (J) — assignment by the Sponsor under a securities purchase agreement.
• Shares acquired: 25,000 Class B ordinary shares; reported price $0.00; derivative value shown as $75.
• Shares owned after transaction: Not specified in the information provided in this summary (see the Form 4 for exact post-transaction beneficial ownership).
• Footnotes of note:
  • F1: Class B shares convert one-for-one into Class A ordinary shares at the issuer’s initial business combination, have no expiration, and may be forfeited under certain conditions tied to Sapio’s service on the board.
  • F2: The 25,000 Class B shares were assigned by HCM Investor Holdings IV, LLC (the Sponsor) per the securities purchase agreement dated February 11, 2026.
• Filing timeliness: Filed within a week of the reported transaction date (no late filing flagged).

Context

• These are Class B founder-type shares that are typically convertible into public Class A shares upon a SPAC/blank-check company’s business combination; they are not an open-market purchase or sale and often reflect contractual founder/sponsor arrangements rather than an independent market bet.
• Because the shares are subject to forfeiture tied to board service and convert at the business-combination event, this transaction is more about governance and compensation mechanics than an immediate bullish or bearish trading signal.