ONE Nuclear (ONEN) Director Saade Exercises 25,000 Derivative Shares

What Happened

• Saade Javier, listed as a director of the Predecessor Issuer, reported exercising/converting derivative securities (transaction code M) to acquire 25,000 shares on 2026-09-23. The filing also shows a simultaneous disposition of 25,000 shares at $0.00 (no cash proceeds reported).
• The acquisition line lists price as N/A (reflecting a conversion/exercise rather than a cash purchase), and the disposition shows $0 proceeds. These actions are reported in connection with the business combination and related corporate reorganization described in the filing footnotes.

Key Details

• Transaction date: 2026-09-23 (report filed same day; appears timely).
• Transaction code: M (exercise or conversion of a derivative security).
• Amounts: 25,000 shares acquired via exercise/conversion; 25,000 shares disposed at $0.00.
• Cash proceeds: $0 reported for the disposition.
• Shares owned after transaction: not specified in the filing.
• Relevant footnotes: F1–F3 describe the Merger Agreement, the Sponsor Share Conversion, and the Domestication (Predecessor renamed ONE Nuclear Energy Inc. and Class A/B shares converted into Successor Shares); F3 notes the conversion was exempt from Section 16. F4 notes Javier has pecuniary interests via HC VII Sponsor LLC (no voting/dispositive control).
• No 10b5-1 plan, tax withholding, or late-filing indication is stated in the entry.

Context

• Transaction code M covers exercises or conversions of derivative securities (e.g., options, warrants, or other convertible instruments). Here the filing ties the transactions to the company’s merger/domestication process per the footnotes rather than a market purchase or sale for cash.
• The disposition at $0.00 means no sale proceeds were received; such zero-dollar dispositions can reflect transfers or conversions required by corporate transactions and do not necessarily indicate market selling activity.