Harry L. You - 31 Dec 2024 Form 4 Insider Report for Rain Enhancement Technologies Holdco, Inc. (RAIN)

Role
Director, 10%+ Owner
Signature
/s/ Harry L. You
Issuer symbol
RAIN
Transactions as of
31 Dec 2024
Net transactions value
$0
Form type
4
Filing time
03 Jan 2025, 21:07:18 UTC
Previous filing
26 Dec 2024
Next filing
31 Jan 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RAIN Class A Common Stock Award +564,375 564,375 31 Dec 2024 By Berto LLC F1, F2
holding RAIN Class A Common Stock 650,120 31 Dec 2024 Direct
holding RAIN Class A Common Stock 194,046 31 Dec 2024 By trust F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 In connection with the closing of the business combination ("Business Combination") between Coliseum Acquisition Corp. ("Coliseum"), Rain Enhancement Technologies, Inc. ("RET"), and Rain Enhancement Technologies Holdco, Inc. (the "Issuer"), Berto LLC ("Berto") agreed to exchange 2,257,500 Coliseum private placement warrants held by it for an aggregate of 564,375 shares of the Issuer's Class A common stock, par value $0.0001 per share.
F2 Mr. You is the sole member of Berto and has voting and investment discretion with respect to the securities held of record by Berto. Mr. You disclaims beneficial ownership of the securities held by Berto, except to the extent of his pecuniary interest therein.
F3 Represents shares held by RHY 2021 Irrevocable Trust (the "Trust"). Mr. You is the settlor and investment officer of the Trust, and his son is the beneficiary of the Trust. Accordingly, Mr. You may be deemed to have a pecuniary interest in the securities held by the Trust. Mr. You disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.