Braunstein Michael E. 4
4 · Stellar V Capital Corp. (Cayman Islands) · Filed Mar 16, 2026
Research Summary
AI-generated summary of this filing
Stellar V Capital (SVCC) Director Michael Braunstein Receives Gift
What Happened
Michael E. Braunstein, a director of Stellar V Capital Corp. (SVCC), was reported on a Form 4 as having received a gift of 25,000 Class B ordinary shares on March 5, 2026. The filing lists the transaction code G (gift) and shows no purchase price (N/A). The shares are Class B ordinary shares that convert one-for-one into Class A ordinary shares at the time of the issuer’s initial business combination (subject to certain anti-dilution adjustments).
Key Details
- Transaction date: 2026-03-05; Form 4 filed: 2026-03-16 (filed late relative to the typical 2-business-day requirement).
- Shares transferred: 25,000 Class B ordinary shares; price: N/A (gift).
- Post-transaction beneficial ownership: not specified in the filing.
- Footnote summary:
- F1: Class B ordinary shares convert to Class A on a one-for-one basis at the issuer’s initial business combination (subject to anti-dilution rights); Class B shares have no expiration.
- F2: The 25,000 shares were previously held by the late Harry Braunstein in a trust and were transferred to Michael Braunstein (his son) for no consideration after Michael’s appointment to the board.
Context
Gifts of shares are transfers of ownership and do not necessarily signal the insider’s view of the company’s prospects. The Form 4 indicates a gift (not a market purchase or sale). Note the late filing may be a timeliness issue under SEC Form 4 rules but does not change the substance of the transaction.
Insider Transaction Report
- Gift
Class B ordinary shares
[F1][F2]2026-03-05+25,000→ 25,000 total→ Class A Ordinary Shares (25,000 underlying)
Footnotes (2)
- [F1]At the time of the issuer's initial business combination, the Class B ordinary shares will convert into Class A ordinary shares on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights. The Class B ordinary shares have no expiration date.
- [F2]When Harry Braunstein, the Company's former independent director, passed away in November 2025, the 25,000 Class B ordinary shares he owned stayed in a trust created under his will for the benefit of his spouse. After the Issuer's board appointed Michael Braunstein as an independent director of the Issuer, the trust transferred these 25,000 Class B ordinary shares to Michael Braunstein for free, the son of Harry Braunstein.