Hammond Matthew 4

What Happened

• Matthew Hammond, CEO of Research Alliance Corp III (RACC), was granted 275,000 shares on 2026-05-21 at an acquisition price of $10.00 per share, a total value of $2,750,000. The filing reports this as an award/grant (transaction code "A"), i.e., an acquisition rather than a sale.

Key Details

• Transaction date: 2026-05-21; Price: $10.00 per share; Shares granted: 275,000; Total value: $2,750,000.
• Transaction type: Award/Grant (code A).
• Shares owned after the transaction: Not specified in the provided excerpt of the filing.
• Filing date / Period of report: 2026-05-21 — the Form 4 shows the same reporting date.
• Footnote: Mr. Hammond is the sole director of Research Alliance Holdings III LLC (the "Sponsor") and thus has voting and investment discretion over securities held by the Sponsor; he may be deemed to beneficially own securities held by the Sponsor but disclaims beneficial ownership except to the extent of any pecuniary interest.

Context

• An award/grant is an acquisition of equity (often part of compensation or incentive plans) and is different from an open-market purchase or sale; it doesn't by itself indicate immediate sale or market sentiment.
• Retail investors often view insider purchases or awards as a sign of alignment with shareholders, but awards can be part of routine executive compensation. This summary is factual and does not speculate on motives.