SEC Form 4 · accession 0001213900-26-069804
Teamshares Inc · TMS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Richard J Hendrix
Officer — Chief Executive Officer · Director · 10% Owner
Live Oak Sponsor V, LLC
10% Owner
Period of report
Jun 15, 2026
Accepted (ET)
Jun 17, 2026 · 9:45 pm EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0002048951
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Class B Ordinary SharesF1,F3 | — | Jun 15, 2026 | J | 37,136 | D | — | — | Class A Ordinary Shares | 37,136 | 5,712,864 | D |
| Class B Ordinary SharesF2,F1,F3 | — | Jun 17, 2026 | J | 63,300 | D | — | — | Class A Ordinary Shares | 63,300 | 5,649,564 | D |
Explanation of responses
- F1Pursuant to certain Non-Redemption Agreements among the Sponsor and certain investors, the Sponsor transferred an aggregate of 37,136 Class B ordinary shares, par value $0.0001 per share (the "Class B Shares"), to such investors, in connection with the closing of the Issuer's business combination (the "Closing") with Teamshares Inc. ("Teamshares").
- F2Pursuant to certain Share Transfer Agreements among the Sponsor and certain SAFE investors of Teamshares, the Sponsor transferred an aggregate of 63,300 Class B Shares to such investors, in connection with the Closing.
- F3As described in the Issuer's registration statement on Form S-1 (File No. 333-284207) under the heading "Description of Securities--Founder Shares," the Class B Shares will automatically convert into Class A ordinary shares at the time of the Issuer's initial business combination, or at any time prior to the Issuer's initial business combination, at the option of the holder, on a one-for-one basis, subject to certain adjustments. The Class B Shares have no expiration date.