VIDA Global (VIDA) 10% Owner Calicott Exercises Warrants

What Happened

• Christopher Shane Calicott, reported as a 10% owner, exercised Series A Common Warrants on September 11, 2026 to acquire a total of 558,114 shares of VIDA Global Class A common stock. The warrants were exercised at $0.0028 per share, for a cash outlay of roughly $1,563. Simultaneously the underlying warrants (derivative securities) were surrendered/disposed as part of the exercise.

Key Details

• Transaction date: September 11, 2026. Form 4 filed September 15, 2026 (timely within the SEC’s two-business-day requirement).
• Shares acquired: 558,114 Class A shares in three exercises (19,324; 326,522; 212,268).
• Exercise price: $0.0028 per share; total paid ≈ $1,563.
• The Form shows the derivative (Series A Common Warrants) was disposed upon exercise (reported as derivative dispositions).
• Post-transaction holdings: not specified in the provided summary.
• Footnotes of note:
  • F1: These Series A Common Warrants became exercisable after the issuer reached a market capitalization/enterprise value ≥ $100 million; warrants expire earlier of Sept 3, 2035 or a sale of substantially all assets.
  • F2/F3: The acquired shares are held of record by TVP Bitcoin Venture Fund I and II; Calicott is manager of the funds’ general partners and disclaims beneficial ownership except to the extent of any pecuniary interest. This indicates institutional-level holdings rather than a routine executive open-market trade.

Context

• This was an exercise of warrants (a form of acquiring stock by converting a derivative), not a cash sale of shares. The warrants were surrendered and the shares were issued; there is no reporting here of immediate open-market sales of the acquired shares.
• Because the reported holdings are held through venture funds (TVP I/II) and Calicott is a manager, this activity reflects institutional exercises tied to those funds, not necessarily personal trading by a corporate officer.