DUMAC, INC. - 21 Nov 2025 Form 4 Insider Report for Rigel Resource Acquisition Corp. (RRACF)

Role
10%+ Owner
Signature
DUMAC, INC., Name: /s/ Robert E. McGrail, Title: Secretary
Issuer symbol
RRACF
Transactions as of
21 Nov 2025
Net transactions value
-$12,151,700
Form type
4
Filing time
04 Dec 2025, 16:38:26 UTC
Previous filing
22 Nov 2024

Reporting Owners (2)

Name Relationship Address Signature Signature date CIK
DUMAC, INC. 10%+ Owner 280 S MANGUM STREET, SUITE 210, DURHAM DUMAC, INC., Name: /s/ Robert E. McGrail, Title: Secretary 04 Dec 2025 0001584258
Duke University 10%+ Owner C/O DUMAC, INC., 280 S MANGUM ST., SUITE 210, DURHAM DUKE UNIVERSITY, Name: /s/ Robert E. McGrail, Title: Secretary, DUMAC, Inc. 04 Dec 2025 0001439873

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RRAC Class A Ordinary Shares Sale $2,333,126 -192,000 -100% $12.15* 0 21 Nov 2025 See Footnotes F1, F2, F3, F7
transaction RRAC Class A Ordinary Shares Sale $1,324,535 -109,000 -100% $12.15* 0 21 Nov 2025 See Footnotes F1, F3, F4, F7
transaction RRAC Class A Ordinary Shares Sale $6,659,132 -548,000 -100% $12.15* 0 21 Nov 2025 See Footnotes F1, F3, F5, F7
transaction RRAC Class A Ordinary Shares Sale $1,834,907 -151,000 -100% $12.15* 0 21 Nov 2025 See Footnotes F1, F3, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

DUMAC, INC. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 These Class A Ordinary Shares of Rigel Resource Acquisition Corp (the "Issuer") reported as disposed were redeemed by the Issuer as of November 21, 2025, for a redemption price of $12.151716 per Class A Ordinary Share, in connection with the Issuer's intention to dissolve and liquidate.
F2 The Duke Endowment, a charitable trust, indirectly held these Class A Ordinary Shares of the Issuer through G JBD LLC, a single member limited liability company wholly owned by The Duke Endowment. DUMAC, Inc. ("DUMAC") has been delegated voting and investment power over such Class A Ordinary Shares of the Issuer through an investment management agreement between DUMAC and The Duke Endowment and therefore DUMAC may have been deemed the beneficial owner of such Class A Ordinary Shares.
F3 DUMAC is a North Carolina non-profit corporation. DUMAC does not hold legal title to its clients' assets. The members of the board of directors of DUMAC are appointed by the executive committee of the board of trustees of Duke University.
F4 Employees' Retirement Plan of Duke University, a non-profit defined benefit plan, indirectly held these Class A Ordinary Shares of the Issuer through G ERP LLC, a single member limited liability company wholly owned by Employees' Retirement Plan of Duke University. DUMAC has been delegated voting and investment power over such Class A Ordinary Shares of the Issuer through an investment management agreement between DUMAC and Employees' Retirement Plan of Duke University and therefore DUMAC may have been deemed the beneficial owner of such Class A Ordinary Shares.
F5 Gothic Corporation ("Gothic"), a non-profit corporation, holds assets as a charitable support corporation for Duke University, including the Class A Ordinary Shares of the Issuer that were previously held. Gothic indirectly held these Class A Ordinary Shares of the Issuer through G LTP LLC, a single member limited liability company wholly owned by Gothic. The members of the board of directors of Gothic are appointed by the executive committee of the board of trustees of Duke University. DUMAC has been delegated voting and investment power over such Class A Ordinary Shares of the Issuer through an investment management agreement between DUMAC and Gothic and therefore DUMAC may have been deemed the beneficial owner of such Class A Ordinary Shares.
F6 Gothic HSP Corporation ("Gothic HSP"), a non-profit corporation, holds assets as a charitable support corporation for Duke University Health System, Inc., including the Class A Ordinary Shares of the Issuer that were previously held. Gothic HSP indirectly held these Class A Ordinary Shares of the Issuer through G HSP LLC, a single member limited liability company wholly owned by Gothic HSP. The members of the board of directors of Gothic HSP are appointed by the board of directors of Duke University Health System, Inc. The members of the board of directors of Duke University Health System, Inc. are appointed by the executive committee of the board of trustees of Duke University. DUMAC has been delegated voting and investment power over such Class A Ordinary Shares of the Issuer through an investment management agreement between DUMAC and Gothic HSP and therefore DUMAC may have been deemed the beneficial owner of such Class A Ordinary Shares.
F7 Each Reporting Person disclaims beneficial ownership of the Class A Ordinary Shares of the Issuer reported herein except to the extent of its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is or was the beneficial owner of such Class A Ordinary Shares for purposes of Section 16 or for any other purpose.