Inflection Points Inc. 4

What Happened
Inflection Points Inc., a 10% owner of ProCap Financial, Inc. (BRR), acquired 3,787,094 shares on April 6, 2026. The transaction is reported as an "other acquisition or disposition (J)" and reflects shares received as merger consideration in connection with the merger of Silvia Merger Sub, Inc. into CFO Silvia, Inc. No per‑share price or dollar value is provided in the filing.

Key Details

• Transaction date: April 6, 2026 (reported on Form 4 filed April 7, 2026).
• Transaction type/code: Other acquisition (J) — merger consideration rather than an open‑market purchase.
• Shares acquired: 3,787,094 common shares. No price disclosed (N/A).
• Escrow/holdbacks: Amount received is net of 453,426 Escrow Shares deposited under the Merger Agreement.
• Transfer restrictions: All shares are subject to a Lock‑Up Agreement dated April 6, 2026.
• Shares owned after transaction: Not specified in the filing.
• Timeliness: Filing covers a Apr 6 transaction and was filed on Apr 7, 2026 (next‑day filing).

Context
This was institutional merger consideration to a 10% owner—different from an insider buying or selling on the open market. The shares are subject to escrow and lock‑up restrictions, which can limit immediate liquidity or resale. Because this is merger consideration, it should not be interpreted the same way as a voluntary purchase or sale by corporate insiders.