ONE Nuclear (ONEN) Director Brian Bonner Exercises Derivatives

What Happened

• Brian Bonner, listed as a director of the Predecessor Issuer, reported exercise/conversion transactions (transaction code M) on 2026-09-23. The Form 4 shows an acquisition of 25,000 shares and a simultaneous disposition of 25,000 shares. The acquisition price is reported as N/A; the disposition shows $0 proceeds. The filing does not report cash paid or net cash received.

Key Details

• Transaction date: 2026-09-23 (filed same day).
• Reported transactions: Exercise/conversion of derivative securities (M) — 25,000 shares acquired; 25,000 shares disposed.
• Prices/proceeds: Acquisition price listed as N/A; disposition reported at $0.00.
• Shares owned after transaction: Not disclosed in this Form 4.
• Notable footnotes: Filing includes merger/domestication disclosures (the Predecessor Issuer was renamed ONE Nuclear Energy Inc. and underwent share-class conversions) and notes the reporting person has pecuniary interests through HC VII Sponsor LLC (no dispositive control).
• Timeliness: Reported on the same date as the transactions (no late filing indicated).

Context

• Transaction code M denotes exercise or conversion of derivative securities (options, warrants, or similar). The form records both an acquisition and an equal disposal of shares; the filing itself does not explain the business purpose or mechanics (e.g., whether shares were surrendered to cover exercise costs, converted as part of the corporate reorganization, or otherwise transferred).
• Footnotes describe a merger and domestication that converted prior share classes into successor shares; that corporate activity may be related to the reported entries but the Form 4 does not tie the specific disposition to a particular post-closing action.