VIDA 10% Owner TVP Bitcoin Venture GP II Exercises Warrants

What Happened

• TVP Bitcoin Venture GP II (reported as a 10% owner) exercised Series A Common Warrants on September 11, 2026 to acquire a total of 538,790 shares of VIDA Class A common stock. The exercise price was $0.0028 per share (326,522 shares for $914 and 212,268 shares for $594), for a combined cash payment of roughly $1,508. The filing shows corresponding disposals of the derivative warrants (reported at $0), consistent with exercising the warrants to receive stock.
• This was an acquisition (exercise of in‑the‑money derivatives), not a sale — the entity obtained shares rather than selling stock.

Key Details

• Transaction date: September 11, 2026. Exercise price: $0.0028 per share. Shares acquired: 326,522 and 212,268 (total 538,790). Cash paid: ~$1,508.
• Derivative disposition: The warrants were reported as disposed (cancelled) upon exercise at $0 value, which is standard when a warrant is converted into shares.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes of note:
  • F1: These were Series A Common Warrants that became exercisable after VIDA reached a market capitalization or enterprise value of at least $100 million; they expire on the earlier of Sept 3, 2035 (5:00 p.m. CT) or a change-of-control/asset sale.
  • F2/F3: The record holders are TVP Bitcoin Venture Fund II, L.P. and TVP Bitcoin Venture Fund I, L.P. General partners (TVP Bitcoin Venture GP II, L.L.C. and GP I) and Christopher Calicott (manager) may be deemed to share voting/dispositive power. The GPs disclaim beneficial ownership except to the extent of pecuniary interest; Mr. Calicott is a VIDA director and files separate Section 16 reports.
• Filing timeliness: Report filed Sept 15, 2026 for a Sept 11 transaction — within the two business‑day Form 4 filing window (timely).

Context

• These transactions are exercises of warrants (derivative instruments) rather than open‑market stock purchases or sales. The filing shows the warrants were converted into shares (warrant disposal + stock acquisition), not that the acquired shares were immediately sold. Because this is a 10% institutional holder and involves GP/partner relationships, it reflects an institutional exercise of rights rather than an individual executive trading decision.