Scopellite Steven 4

What Happened

• Steven Scopellite, a director of New America Acquisition I Corp. (NWAX), reported a disposition (transaction code S) of 50,000 founder/derivative shares on 2026-02-17. The Form 4 shows no price or total value (listed as N/A). These are Founder Shares that, per the issuer, convert one-for-one into Class A common stock at the time of the SPAC’s initial business combination (or earlier at the holder’s option).

Key Details

• Transaction date: 2026-02-17. Filing date: 2026-02-19 (timely under Section 16 two-business-day rule).
• Reported transaction: Sale/disposition (code S) of 50,000 shares; price and dollar value: N/A.
• Shares reported as an indirect/derivative interest held by New America Sponsor I LLC; Mr. Scopellite may be deemed to beneficially own 50,000 Founder Shares via his membership interest in the Sponsor.
• Footnote F1: Founder Shares convert to Class A common stock one-for-one at the initial business combination and have no expiration date.
• Footnote F2: Mr. Scopellite received his interest through the Sponsor, does not have voting or dispositive control over the Sponsor, and disclaims beneficial ownership except to the extent of his pecuniary interest.
• No 10b5-1 plan, tax withholding, or late-filing indication included.

Context

• These are derivative/founder shares associated with the SPAC sponsor rather than a typical open-market sale with a reported price/ proceeds. The filing mainly discloses an indirect economic interest (and a possible deemed beneficial ownership) rather than showing direct voting or dispositive control by the director.