Thunder Bridge (TBCV) CEO Gary Simanson Buys Shares

What Happened

• Gary A. Simanson, Chief Executive Officer and a director of Thunder Bridge Capital Partners V, Ltd. (TBCV), is reported as having acquired 447,000 private placement units in connection with the issuer's IPO. Each unit was purchased at $10.00, for a total cash amount of $4,470,000. The units included one Class A ordinary share and one-third of a redeemable warrant, resulting in 149,000 warrants reported as a derivative acquisition.
• The transaction is a purchase (an acquisition) and was effected by TBCP V, LLC (the "Sponsor"), which purchased the units. The Form 4 shows the securities are owned directly by the Sponsor; Mr. Simanson reports an interest through his membership and control of the Sponsor.

Key Details

• Transaction date: 2026-08-12; Form 4 filed: 2026-08-14 (filed within the typical 2-business-day window).
• Consideration: 447,000 private placement units at $10.00 per unit = $4,470,000 total. Warrants reported as 149,000 (one-third warrant per unit); the filing lists price as N/A for the derivative.
• Shares/warrants owned after transaction: Not specified in the filing for Mr. Simanson individually; the securities are owned directly by the Sponsor.
• Ownership note (footnote): The Sponsor owns the securities directly. Mr. Simanson is the controlling member of the Sponsor, exercises voting and dispositive control, and disclaims beneficial ownership except to the extent of any pecuniary interest.
• Warrant terms (footnote): Warrants become exercisable on the later of (a) 30 days after completion of the issuer’s initial business combination and (b) 12 months from the IPO closing. If the issuer fails to complete a business combination within the allowed period, the warrants may expire worthless.

Context

• This was a private placement purchase tied to the IPO (units sold to the Sponsor), not an open-market buy; purchases like this are often part of SPAC/blank-check company sponsor arrangements and reflect sponsor economics rather than a direct open-market insider buy.
• The derivative reported are redeemable warrants attached to the units; they have future exercisability conditions and carry the risk of expiring worthless if no qualifying business combination occurs within the applicable window.