Joseph Hernandez - 11 Jun 2025 Form 4 Insider Report for Blue Water Acquisition Corp. III (BLUW)

Role: Chief Executive Officer, Director, 10%+ Owner
Signature: /s/ Joseph Hernandez
Issuer symbol: BLUW
Transactions as of: 11 Jun 2025
Net transactions value: $0
Form type: 4
Filing time: 12 Jun 2025, 16:27:44 UTC
Previous filing: 12 Jun 2025
Next filing: 28 Nov 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Hernandez Joseph	Chief Executive Officer, Director, 10%+ Owner	C/O BLUE WATER ACQUISITION CORP. III, 15 E PUTNAM AVENUE, SUITE 363, GREENWICH	/s/ Joseph Hernandez	12 Jun 2025	0001598384

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BLUW	Class A ordinary shares	Purchase		+430,000			430,000	11 Jun 2025	See Footnote	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	BLUW	Warrants to purchase Class A ordinary shares	Purchase		+215,000			215,000	11 Jun 2025	Class A ordinary shares	215,000	$11.50	See Footnote	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Reflects the 430,000 private units owned by Blue Water Acquisition III LLC, the Issuer's sponsor. Each private unit consists of one Class A ordinary share and one-half of one warrant, with each whole warrant entitling the holder thereof to purchase one Class A ordinary share for $11.50 per share, subject to adjustment. The private units were purchased at $10.00 per unit for an aggregate purchase price of $4,300,000. Joseph Hernandez is the managing member of the sponsor and has voting and dispositive power over the securities held of record by the sponsor. Mr. Hernandez disclaims any beneficial ownership of the securities held by the sponsor, except to the extent of his pecuniary interest therein.
F2	The warrants included in the private units will become exercisable at the later of 12 months from the closing of the Issuer's initial public offering and 30 days after the completion of its initial business combination and will expire five years after the completion of the initial business combination or earlier upon redemption or liquidation.

Content

Reflects the 430,000 private units owned by Blue Water Acquisition III LLC, the Issuer's sponsor. Each private unit consists of one Class A ordinary share and one-half of one warrant, with each whole warrant entitling the holder thereof to purchase one Class A ordinary share for $11.50 per share, subject to adjustment. The private units were purchased at $10.00 per unit for an aggregate purchase price of $4,300,000. Joseph Hernandez is the managing member of the sponsor and has voting and dispositive power over the securities held of record by the sponsor. Mr. Hernandez disclaims any beneficial ownership of the securities held by the sponsor, except to the extent of his pecuniary interest therein.

The warrants included in the private units will become exercisable at the later of 12 months from the closing of the Issuer's initial public offering and 30 days after the completion of its initial business combination and will expire five years after the completion of the initial business combination or earlier upon redemption or liquidation.