Space Asset Acquisition Sponsor LLC 4

4 · Space Asset Acquisition Corp. · Filed Feb 18, 2026

AI-generated summary of this filing

Updated Feb 18, 2026

Space Asset Acquisition Sponsor Acquires 415,000 Shares

What Happened

Space Asset Acquisition Sponsor LLC (the Sponsor), reported as a 10% owner of Space Asset Acquisition Corp. (SAAQ), acquired 415,000 Class A ordinary shares on 2026-01-29. The shares were purchased as part of the Issuer's Private Placement Units at $10.00 per unit, for a total cash outlay of $4,150,000. This is a purchase/acquisition transaction (code A) rather than a sale.

Key Details

Transaction date and price: 2026-01-29 — 415,000 Class A shares at $10.00 each.
Total value: $4,150,000.
Shares owned after transaction: 415,000 Class A ordinary shares reported held by the Sponsor.
Footnotes of note:
- F1: These Class A shares are part of 415,000 Private Placement Units described in the issuer’s S-1; Sponsor paid $10.00 per unit.
- F2: The Sponsor is governed by a three-member board of managers (Jeff Tuder, Peter Ort, Raphael Roettgen). Under the “rule of three,” the managers are not individually deemed beneficial owners of the Sponsor’s holdings.
Filing timing: Transaction occurred 2026-01-29 and the report was filed 2026-02-18 (20 days later), which is longer than the typical two-business-day Form 4 reporting window for insider trades.

Context

This was a private placement purchase by the Sponsor (an institutional/sponsor holder), not an individual executive. Purchases by sponsors commonly relate to deal structuring and financing rather than a personal trading signal. The filing and footnotes clarify the unit structure and that the Sponsor’s managers are not individually treated as beneficial owners of these shares.

Form 4

Period: 2026-01-29

Director10% OwnerOther

Transactions

Award
Class A Ordinary Shares
[F1][F2]
2026-01-29$10.00/sh+415,000$4,150,000→ 415,000 total

Footnotes (2)

[F1]The reported Class A ordinary shares are within 415,000 of the Issuer's Private Placement Units, as described under the heading "Description of Securities" in the Issuer's registration statement on Form S-1 (File No. 333-291082), purchased by Space Asset Acquisition Sponsor LLC (the "Sponsor") for $10.00 per Private Placement Unit.
[F2]This Form 3 is being filed by the Sponsor. The Sponsor is governed by a board of managers consisting of three managers, Jeff Tuder, Peter Ort and Raphael Roettgen. Any action by the Sponsor with respect to the Issuer's securities held by it, including voting and dispositive decisions, requires at least a majority vote of the managers of the board of managers. Under the so-called "rule of three," because voting and dispositive decisions are made by a majority of the managers, none of the managers is deemed to be a beneficial owner of Issuer's securities held by the Sponsor, even those in which such manager holds a pecuniary interest. Accordingly, none of the managers on the Sponsor's board of managers is deemed to have or share beneficial ownership of the Class A ordinary shares held by the Sponsor.

Signature

/s/ Jordan Leon, Attorney-in-Fact|2026-02-18

1 file