Christopher Dixon Sorrells - 10 Jul 2026 Form 4 Insider Report for General Fusion Group Ltd. (SVAC)

Reporting relationship: Director
Issuer ticker: SVAC
Reported as of: 10 Jul 2026
Net transaction value: $0
SEC form: 4
Accepted by SEC: 14 Jul 2026, 16:09:11 UTC
Prior SEC filing: 09 Feb 2026
Source filing: View source filing
Reporting owner signature: /s/ Griffin D. Foster, as attorney-in-fact for Christopher Sorrells

Key filing fact

Christopher Dixon Sorrells filed Form 4 for General Fusion Group Ltd. (SVAC) on 14 Jul 2026.

Key facts

This page summarizes Christopher Dixon Sorrells's Form 4 filing for General Fusion Group Ltd. (SVAC).
8 reported transactions and 7 derivative rows are listed below.
Accepted by SEC: 14 Jul 2026, 16:09.

Change

Previous filing in this sequence was filed on 09 Feb 2026.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001477462 Primary reporting owner

Sorrells Christopher Dixon

Relationship: Director
Address: 6020 RUSS BAKER WAY, RICHMOND, BRITISH COLUMBIA, CANADA
Signature: /s/ Griffin D. Foster, as attorney-in-fact for Christopher Sorrells
Signature date: 14 Jul 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

SVAC transaction

Common Shares

Conversion of derivative security

Transaction value
Shares: +5,296,667
Change %
Price: $0.000000^*
Shares after: 5,296,667
Date: 10 Jul 2026
Ownership: See Footnote
Footnotes: F1, F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

SVAC transaction Derivative

Class B Common Shares

Expiration of short derivative position

Transaction value
Shares: -1,000,000
Change %: -13%
Price: $0.000000^*
Shares after: 6,546,667
Date: 10 Jul 2026
Ownership: See Footnote
Underlying class: Class A Common Shares
Underlying amount: 1,000,000
Exercise price
Footnotes: F2, F3, F4

SVAC transaction Derivative

Class B Common Shares

Other

Transaction value
Shares: -1,250,000
Change %: -19%
Price: $0.000000^*
Shares after: 5,296,667
Date: 10 Jul 2026
Ownership: See Footnote
Underlying class: Class A Common Shares
Underlying amount: 1,250,000
Exercise price
Footnotes: F2, F3, F4

SVAC transaction Derivative

Class B Common Shares

Conversion of derivative security

Transaction value
Shares: -5,296,667
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 10 Jul 2026
Ownership: See Footnote
Underlying class: Class A Common Shares
Underlying amount: 5,296,667
Exercise price
Footnotes: F2, F3, F5

SVAC transaction Derivative

Class A Earnout Shares

Expiration of short derivative position

Transaction value
Shares: +333,334
Change %
Price: $0.000000^*
Shares after: 333,334
Date: 10 Jul 2026
Ownership: See Footnote
Underlying class: Common Shares
Underlying amount: 333,334
Exercise price
Footnotes: F1, F2, F6

SVAC transaction Derivative

Class B Earnout Shares

Expiration of short derivative position

Transaction value
Shares: +333,333
Change %
Price: $0.000000^*
Shares after: 333,333
Date: 10 Jul 2026
Ownership: See Footnote
Underlying class: Common Shares
Underlying amount: 333,333
Exercise price
Footnotes: F1, F2, F7

SVAC transaction Derivative

Class C Earnout Shares

Expiration of short derivative position

Transaction value
Shares: +333,333
Change %
Price: $0.000000^*
Shares after: 333,333
Date: 10 Jul 2026
Ownership: See Footnote
Underlying class: Common Shares
Underlying amount: 333,333
Exercise price
Footnotes: F1, F2, F8

SVAC transaction Derivative

Warrants (right to buy)

Award

Transaction value
Shares: +1,666,667
Change %
Price: $0.9000^*
Shares after: 1,666,667
Date: 10 Jul 2026
Ownership: See Footnotes
Underlying class: Common Shares
Underlying amount: 1,666,667
Exercise price: $11.50
Footnotes: F1, F2, F9

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 9 footnotes

Footnote F1

Following the closing of the business combination between the issuer and General Fusion Inc. (the "Closing"), Mr. Sorrells no longer has beneficial ownership of the securities owned by Spring Valley Acquisition III Sponsor, LLC (the "Sponsor").

Footnote F2

The Sponsor is the record holder of the shares reported herein. Mr. Sorrells was the managing member of the Sponsor prior to the Closing.

Footnote F3

As described in the issuer's registration statement on Form F-4 (File No. 333-293688) (the "Registration Statement"), in connection with the Closing, the issuer continued from the Cayman Islands to British Columbia, resulting in the conversion of all Class B ordinary shares of the issuer, a Cayman Islands exempted corporation, into Class B common shares of the issuer, a British Columbia limited company (the "Continuation").

Footnote F4

As described in the Registration Statement, in connection with the Closing, the Sponsor (i) transferred 1,250,000 Class B common shares to certain investors in the issuer's simple agreements for future equity, and (ii) forfeited 1,000,000 Class B common shares (the "Forfeiture"). In connection with the Forfeiture, the Sponsor received 333,334 Class A Earnout Shares, 333,333 Class B Earnout Shares and 333,333 Class C Earnout Shares from the issuer.

Footnote F5

As described in the Registration Statement, following the Continuation, the Class B common shares of the issuer automatically converted into Class A common shares of the issuer on a one-for-one-basis, after which the Class A common shares were re-designated as common shares of the issuer.

Footnote F6

If at any time during the period following the Closing and expiring on the fifth anniversary of the Closing (the "Earnout Period"), for any 20 trading days within a period of 30 consecutive trading days (the "Measurement Period"), the volume-weighted average price of the issuer's common shares (the "VWAP") exceeds $15.00, then the Class A Earnout Shares shall automatically convert into the issuer's common shares on a one-for-one basis.

Footnote F7

If at any time during the Earnout Period, the VWAP exceeds $20.00 during any Measurement Period, then the Class B Earnout Shares shall automatically convert into the issuer's common shares on a one-for-one basis.

Footnote F8

If at any time during the Earnout Period, the VWAP exceeds $25.00 during any Measurement Period, then the Class C Earnout Shares shall automatically convert into the issuer's common shares on a one-for-one basis.

Footnote F9

In connection with the Closing, the Sponsor elected to convert a working capital loan with a principal amount of $1,500,000 into warrants to purchase 1,666,667 of the issuer's common shares.

SEC remarks

Exhibit List: Exhibit 24-Power of Attorney