Petruska Nicholas A 4
4 · Vine Hill Capital Investment Corp. · Filed Mar 31, 2026
Research Summary
AI-generated summary of this filing
Vine Hill Capital (VCIC) CEO Nicholas Petruska Disposes Shares
What Happened
Nicholas A. Petruska — the issuer’s CEO and a director (and managing member of the Sponsor) — reported a conversion and several dispositions in connection with the company’s business combination. On 2026-03-30 he (via the Sponsor) converted 4,400,001 derivative shares into Class A ordinary shares (code C). On 2026-03-30 and 2026-03-31 the filing shows dispositions (code J) of 2,933,333, 5,500,000 and 4,400,001 shares, for a total reported disposal of 12,833,334 shares. No prices or dollar values were reported (price = N/A).
Key Details
- Transaction dates: 2026-03-30 (conversion and two disposals) and 2026-03-31 (one disposal).
- Prices/values: all reported as N/A in the filing.
- Total shares converted (acquired via conversion): 4,400,001. Total shares disposed: 12,833,334.
- Footnotes: F1–F4 explain these actions were tied to the Sponsor’s one‑for‑one conversions and subsequent conversions into Holdco ordinary shares and forfeitures (including forfeiture of Class B shares and warrants) as part of the Business Combination with CoinShares. F5 notes the Sponsor is the record holder and Mr. Petruska may be deemed to share beneficial ownership but disclaims beneficial ownership except to the extent of any pecuniary interest.
- Shares owned after transaction: the filing reflects holdings in the Sponsor (record holder); no separate personal beneficial holdings for Mr. Petruska are asserted in the report.
- Timeliness: Form filed 2026-03-31 for transactions on 2026-03-30/31 — appears to be filed promptly (not marked late).
Context
These entries mainly reflect corporate restructuring steps around the issuer’s initial business combination (conversions and forfeitures by the Sponsor), not an open‑market sale by the CEO as a personal investment decision. For retail investors, note this is essentially institutional/sponsor-level activity connected to the deal mechanics; it should not be read as a straightforward insider purchase or sale signaling personal sentiment.
Insider Transaction Report
- Conversion
Class A Ordinary Shares
[F1][F5]2026-03-30+4,400,001→ 4,400,001 total(indirect: See Footnote) - Other
Class A Ordinary Shares
[F2][F5]2026-03-31−4,400,001→ 0 total(indirect: See Footnote) - Other
Class B Ordinary Shares
[F3][F5]2026-03-30−2,933,333→ 4,400,001 total(indirect: See Footnote)→ Class A Ordinary Shares (4,400,001 underlying) - Other
Warrants
[F4][F5]2026-03-30−5,500,000→ 0 total(indirect: See Footnote)Exercise: $11.50From: 2026-04-30Exp: 2031-04-30→ Class A Ordinary Shares (0 underlying)
Footnotes (5)
- [F1]Represents Class A ordinary shares of the Issuer issued on a one-for-one basis upon the conversion of Class B ordinary shares at the election of Vine Hill Capital Sponsor I LLC (the "Sponsor").
- [F2]Represents Class A ordinary shares converted on a one-for-one basis into ordinary shares of Odysseus Holdings Limited ("Holdco") in connection with the Issuer's initial business combination (the "Business Combination") with CoinShares International Limited ("CoinShares") pursuant to that certain Business Combination Agreement, dated as of September 8, 2025, by and among the Issuer, CoinShares, Holdco and Odysseus (Cayman) Limited.
- [F3]Represents the forfeiture of Class B ordinary shares held by the Sponsor to the Issuer for no consideration in connection with the Business Combination.
- [F4]Represents the forfeiture of warrants to purchase Class A ordinary shares of the Issuer held by the Sponsor to the issuer for no consideration in connection with the Business Combination.
- [F5]The Sponsor is the record holder of the securities reported herein. Mr. Petruska, the issuer's Chief Executive Officer and Director, is the managing member of the Sponsor. As such, Mr. Petruska may be deemed to have or share beneficial ownership of the securities held directly by the Sponsor. Mr. Petruska disclaims any beneficial ownership of the reported securities other than to the extent of any pecuniary interests Mr. Petruska may have therein, directly or indirectly.