McDonagh Theodore William 4

What Happened
Theodore William McDonagh, a director of New America Acquisition I Corp. (NWAX), is reported on a Form 4 as having an indirect beneficial interest in 50,000 Founder Shares held by the company’s sponsor. No price or cash proceeds are reported — these are Founder (Class B) shares, a derivative security that will convert one-for-one into Class A common stock at the issuer’s business combination (or earlier at the holder’s option).

Key Details

• Transaction reported: 50,000 Founder Shares (derivative interest) dated 2026-02-17; no price or dollar value reported (N/A).
• Shares owned after transaction: 50,000 (beneficial interest via sponsor).
• Footnote F1: Founder Shares (Class B) convert into Class A common stock one-for-one at the time of the initial business combination (or earlier at the holder’s option); no expiration date.
• Footnote F2: McDonagh received his interest indirectly through membership in New America Sponsor I LLC; he may be deemed to beneficially own the 50,000 shares but disclaims voting/dispositive control except to the extent of any pecuniary interest.

Context
These Founder Shares are typically issued to sponsors/founders as part of SPAC formation and are not the same as an open-market purchase or sale. They convert into tradable Class A shares only upon a qualifying business combination (or earlier if the holder elects). The filing documents an ownership interest rather than an active market trade by the director.