New America (NWAX) Former CFO George O'Leary Surrenders 50,000 Units

What Happened

• George O'Leary, former Chief Financial Officer of New America Acquisition I Corp. (NWAX), reported a disposition on 2026-08-26: he surrendered 50,000 Series A units of New America Sponsor I LLC under a separation agreement and received aggregate consideration of $100. The Form 4 shows the disposition as 50,000 shares at $0.00 (aggregate $100); footnotes clarify this was a surrender of Sponsor units (not an open‑market sale) and represented a return of capital.

Key Details

• Transaction date: August 26, 2026; Form 4 filed August 27, 2026 (timely).
• Form coding: "J" (other acquisition or disposition) — not an ordinary open‑market sale.
• Consideration: $100 total; footnote states this equals ~$0.002 per underlying Class B share (i.e., return of capital attributable to the surrendered units).
• Holdings disclosed: the filing references 100,000 Class B shares underlying 100,000 Series A Units held by the reporting person and discloses a surrender of 50,000 Series A Units. The reporting person disclaims beneficial ownership of Sponsor‑held securities except to the extent of pecuniary interest.
• Footnotes of note:
  • F1: Surrender pursuant to a Definitive Separation Agreement dated Aug 26, 2026.
  • F2: Surrender was for aggregate $100 (return of capital).
  • F3: Series A Units represent interests in Class B common stock, which convert 1:1 into Class A common stock at the issuer's initial business combination (subject to adjustment).

Context

• This was a corporate/separation‑related surrender of Sponsor units (an internal capital return), not a market sale of company stock; such dispositions are typically administrative and do not necessarily signal insider sentiment about the company’s public stock.