Form 4 for BLLN BillionToOne, Inc.
Accepted 2025-11-10 00:00:00 ET · period of report 2025-11-06 · accession 0001193125-25-274946 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DMI | 2025-11-10 | 2025-11-07 | BLLN | Ileri Firat | Dir, 10% | J - Other | — | 0 | 0 | New | — |
| DM | 2025-11-10 | 2025-11-07 | BLLN | Ileri Firat | Dir, 10% | J - Other | — | 0 | 37.3K | New | — |
| DMI | 2025-11-10 | 2025-11-07 | BLLN | Ileri Firat | Dir, 10% | C - Cnv Deriv | — | +7.71M | 640.7K | New | — |
| D | 2025-11-10 | 2025-11-06 | BLLN | Ileri Firat | Dir, 10% | A - Grant | $0.00 | +8,333 | 8,333 | New | $0 |
| D | 2025-11-10 | 2025-11-07 | BLLN | Ileri Firat | Dir, 10% | C - Cnv Deriv | — | +29.0K | 37.3K | +348% | — |
| DMI | 2025-11-10 | 2025-11-07 | BLLN | Ileri Firat | Dir, 10% | C - Cnv Deriv | — | -7.71M | 0 | -100% | — |
| D | 2025-11-10 | 2025-11-07 | BLLN | Ileri Firat | Dir, 10% | C - Cnv Deriv | — | -29.0K | 0 | -100% | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2025-11-07 | J | A | 2,631,664 | — | 2,631,664 | I | — | — | (F10) Pursuant to a reclassification exempt under Rule 16b-7, each share of Common Stock was automatically reclassified into one share of Class A common stock immediately prior to the completion of the Offering. |
| 2 | Common | Common Stock | 2025-11-07 | J | D | 18,845 | — | 0 | I See Footnotes | — | — | (F10) Pursuant to a reclassification exempt under Rule 16b-7, each share of Common Stock was automatically reclassified into one share of Class A common stock immediately prior to the completion of the Offering. (F8) The reported security is directly held by Hummingbird Ventures III CommV. (F9) Humming Bird Ventures Management NV is the managing member of Hummingbird Opportunity Fund II CommV, Hummingbird Ventures III CommV, Hummingbird Dragons CommV, Hummingbird Collective CommV, and HB&Q NV (HB&Q COMPARTMENT III) (the Hummingbird Funds) and, as a result, may be deemed to beneficially own shares held by the Hummingbird Funds. Mr. Ileri, Barend Van den Brande, and Lukas Decoster are partners of Hummingbird Ventures Management NV and may be deemed to have shared voting and investment power over the shares held by the Hummingbird Funds. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. |
| 3 | Common | Common Stock | 2025-11-07 | J | D | 37,314 | — | 0 | D See Footnotes | — | — | (F10) Pursuant to a reclassification exempt under Rule 16b-7, each share of Common Stock was automatically reclassified into one share of Class A common stock immediately prior to the completion of the Offering. (F9) Humming Bird Ventures Management NV is the managing member of Hummingbird Opportunity Fund II CommV, Hummingbird Ventures III CommV, Hummingbird Dragons CommV, Hummingbird Collective CommV, and HB&Q NV (HB&Q COMPARTMENT III) (the Hummingbird Funds) and, as a result, may be deemed to beneficially own shares held by the Hummingbird Funds. Mr. Ileri, Barend Van den Brande, and Lukas Decoster are partners of Hummingbird Ventures Management NV and may be deemed to have shared voting and investment power over the shares held by the Hummingbird Funds. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. (F6) The reported security is directly held by Hummingbird Dragons CommV. |
| 4 | Common | Common Stock | 2025-11-07 | C | A | 2,580,833 | — | 2,580,833 | I See Footnotes | — | — | (F3) The reported security converted into the Issuer's Common Stock on a one-for-one basis automatically immediately prior to the closing of the Issuer's initial public offering of Class A common stock (the "Offering") without payment of further consideration. The shares have no expiration date. (F9) Humming Bird Ventures Management NV is the managing member of Hummingbird Opportunity Fund II CommV, Hummingbird Ventures III CommV, Hummingbird Dragons CommV, Hummingbird Collective CommV, and HB&Q NV (HB&Q COMPARTMENT III) (the Hummingbird Funds) and, as a result, may be deemed to beneficially own shares held by the Hummingbird Funds. Mr. Ileri, Barend Van den Brande, and Lukas Decoster are partners of Hummingbird Ventures Management NV and may be deemed to have shared voting and investment power over the shares held by the Hummingbird Funds. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. (F5) The reported security is directly held by Hummingbird Collective CommV. |
| 5 | Common | Common Stock | 2025-11-07 | C | A | 2,451,665 | — | 2,631,664 | I See Footnotes | — | — | (F3) The reported security converted into the Issuer's Common Stock on a one-for-one basis automatically immediately prior to the closing of the Issuer's initial public offering of Class A common stock (the "Offering") without payment of further consideration. The shares have no expiration date. (F9) Humming Bird Ventures Management NV is the managing member of Hummingbird Opportunity Fund II CommV, Hummingbird Ventures III CommV, Hummingbird Dragons CommV, Hummingbird Collective CommV, and HB&Q NV (HB&Q COMPARTMENT III) (the Hummingbird Funds) and, as a result, may be deemed to beneficially own shares held by the Hummingbird Funds. Mr. Ileri, Barend Van den Brande, and Lukas Decoster are partners of Hummingbird Ventures Management NV and may be deemed to have shared voting and investment power over the shares held by the Hummingbird Funds. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. (F4) The reported security is directly held by HB&Q NV (HB&Q COMPARTMENT III). |
| 6 | Common | Common Stock | 2025-11-07 | C | A | 2,015,118 | — | 2,015,118 | I See Footnotes | — | — | (F3) The reported security converted into the Issuer's Common Stock on a one-for-one basis automatically immediately prior to the closing of the Issuer's initial public offering of Class A common stock (the "Offering") without payment of further consideration. The shares have no expiration date. (F8) The reported security is directly held by Hummingbird Ventures III CommV. (F9) Humming Bird Ventures Management NV is the managing member of Hummingbird Opportunity Fund II CommV, Hummingbird Ventures III CommV, Hummingbird Dragons CommV, Hummingbird Collective CommV, and HB&Q NV (HB&Q COMPARTMENT III) (the Hummingbird Funds) and, as a result, may be deemed to beneficially own shares held by the Hummingbird Funds. Mr. Ileri, Barend Van den Brande, and Lukas Decoster are partners of Hummingbird Ventures Management NV and may be deemed to have shared voting and investment power over the shares held by the Hummingbird Funds. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. |
| 7 | Common | Common Stock | 2025-11-07 | C | A | 18,845 | — | 18,845 | I See Footnotes | — | — | (F3) The reported security converted into the Issuer's Common Stock on a one-for-one basis automatically immediately prior to the closing of the Issuer's initial public offering of Class A common stock (the "Offering") without payment of further consideration. The shares have no expiration date. (F7) The reported security is directly held by Hummingbird Opportunity Fund II CommV. (F9) Humming Bird Ventures Management NV is the managing member of Hummingbird Opportunity Fund II CommV, Hummingbird Ventures III CommV, Hummingbird Dragons CommV, Hummingbird Collective CommV, and HB&Q NV (HB&Q COMPARTMENT III) (the Hummingbird Funds) and, as a result, may be deemed to beneficially own shares held by the Hummingbird Funds. Mr. Ileri, Barend Van den Brande, and Lukas Decoster are partners of Hummingbird Ventures Management NV and may be deemed to have shared voting and investment power over the shares held by the Hummingbird Funds. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. |
| 8 | Common | Class A Common Stock | 2025-11-07 | J | A | 2,015,118 | — | 2,015,118 | I | — | — | (F10) Pursuant to a reclassification exempt under Rule 16b-7, each share of Common Stock was automatically reclassified into one share of Class A common stock immediately prior to the completion of the Offering. |
| 9 | Common | Class A Common Stock | 2025-11-07 | J | A | 18,845 | — | 18,845 | I | — | — | (F10) Pursuant to a reclassification exempt under Rule 16b-7, each share of Common Stock was automatically reclassified into one share of Class A common stock immediately prior to the completion of the Offering. |
| 10 | Common | Class A Common Stock | 2025-11-07 | J | A | 2,580,833 | — | 2,580,833 | I | — | — | (F10) Pursuant to a reclassification exempt under Rule 16b-7, each share of Common Stock was automatically reclassified into one share of Class A common stock immediately prior to the completion of the Offering. |
| 11 | Common | Class A Common Stock | 2025-11-07 | J | A | 640,727 | — | 640,727 | I See Footnotes | — | — | (F10) Pursuant to a reclassification exempt under Rule 16b-7, each share of Common Stock was automatically reclassified into one share of Class A common stock immediately prior to the completion of the Offering. (F8) The reported security is directly held by Hummingbird Ventures III CommV. (F9) Humming Bird Ventures Management NV is the managing member of Hummingbird Opportunity Fund II CommV, Hummingbird Ventures III CommV, Hummingbird Dragons CommV, Hummingbird Collective CommV, and HB&Q NV (HB&Q COMPARTMENT III) (the Hummingbird Funds) and, as a result, may be deemed to beneficially own shares held by the Hummingbird Funds. Mr. Ileri, Barend Van den Brande, and Lukas Decoster are partners of Hummingbird Ventures Management NV and may be deemed to have shared voting and investment power over the shares held by the Hummingbird Funds. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. |
| 12 | Common | Class A Common Stock | 2025-11-07 | J | A | 37,314 | — | 37,314 | D See Footnotes | — | — | (F10) Pursuant to a reclassification exempt under Rule 16b-7, each share of Common Stock was automatically reclassified into one share of Class A common stock immediately prior to the completion of the Offering. (F7) The reported security is directly held by Hummingbird Opportunity Fund II CommV. (F9) Humming Bird Ventures Management NV is the managing member of Hummingbird Opportunity Fund II CommV, Hummingbird Ventures III CommV, Hummingbird Dragons CommV, Hummingbird Collective CommV, and HB&Q NV (HB&Q COMPARTMENT III) (the Hummingbird Funds) and, as a result, may be deemed to beneficially own shares held by the Hummingbird Funds. Mr. Ileri, Barend Van den Brande, and Lukas Decoster are partners of Hummingbird Ventures Management NV and may be deemed to have shared voting and investment power over the shares held by the Hummingbird Funds. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. |
| 13 | Common | Common Stock | 2025-11-07 | J | D | 2,580,833 | — | 0 | I See Footnotes | — | — | (F10) Pursuant to a reclassification exempt under Rule 16b-7, each share of Common Stock was automatically reclassified into one share of Class A common stock immediately prior to the completion of the Offering. (F9) Humming Bird Ventures Management NV is the managing member of Hummingbird Opportunity Fund II CommV, Hummingbird Ventures III CommV, Hummingbird Dragons CommV, Hummingbird Collective CommV, and HB&Q NV (HB&Q COMPARTMENT III) (the Hummingbird Funds) and, as a result, may be deemed to beneficially own shares held by the Hummingbird Funds. Mr. Ileri, Barend Van den Brande, and Lukas Decoster are partners of Hummingbird Ventures Management NV and may be deemed to have shared voting and investment power over the shares held by the Hummingbird Funds. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. (F6) The reported security is directly held by Hummingbird Dragons CommV. |
| 14 | Common | Common Stock | 2025-11-07 | J | D | 2,631,664 | — | 0 | I See Footnotes | — | — | (F10) Pursuant to a reclassification exempt under Rule 16b-7, each share of Common Stock was automatically reclassified into one share of Class A common stock immediately prior to the completion of the Offering. (F9) Humming Bird Ventures Management NV is the managing member of Hummingbird Opportunity Fund II CommV, Hummingbird Ventures III CommV, Hummingbird Dragons CommV, Hummingbird Collective CommV, and HB&Q NV (HB&Q COMPARTMENT III) (the Hummingbird Funds) and, as a result, may be deemed to beneficially own shares held by the Hummingbird Funds. Mr. Ileri, Barend Van den Brande, and Lukas Decoster are partners of Hummingbird Ventures Management NV and may be deemed to have shared voting and investment power over the shares held by the Hummingbird Funds. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. (F5) The reported security is directly held by Hummingbird Collective CommV. |
| 15 | Common | Common Stock | 2025-11-07 | J | D | 2,015,118 | — | 0 | I See Footnotes | — | — | (F10) Pursuant to a reclassification exempt under Rule 16b-7, each share of Common Stock was automatically reclassified into one share of Class A common stock immediately prior to the completion of the Offering. (F9) Humming Bird Ventures Management NV is the managing member of Hummingbird Opportunity Fund II CommV, Hummingbird Ventures III CommV, Hummingbird Dragons CommV, Hummingbird Collective CommV, and HB&Q NV (HB&Q COMPARTMENT III) (the Hummingbird Funds) and, as a result, may be deemed to beneficially own shares held by the Hummingbird Funds. Mr. Ileri, Barend Van den Brande, and Lukas Decoster are partners of Hummingbird Ventures Management NV and may be deemed to have shared voting and investment power over the shares held by the Hummingbird Funds. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. (F4) The reported security is directly held by HB&Q NV (HB&Q COMPARTMENT III). |
| 16 | Common | Common Stock | 2025-11-06 | A | A | 8,333 | $0.00 | 8,333 | D See Footnotes | — | — | (F1) Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock. The RSUs shall vest over three years in equal annual installments on the anniversary of November 6, 2025, subject to the Reporting Person's continuous service to the Issuer through each such vesting date. (F9) Humming Bird Ventures Management NV is the managing member of Hummingbird Opportunity Fund II CommV, Hummingbird Ventures III CommV, Hummingbird Dragons CommV, Hummingbird Collective CommV, and HB&Q NV (HB&Q COMPARTMENT III) (the Hummingbird Funds) and, as a result, may be deemed to beneficially own shares held by the Hummingbird Funds. Mr. Ileri, Barend Van den Brande, and Lukas Decoster are partners of Hummingbird Ventures Management NV and may be deemed to have shared voting and investment power over the shares held by the Hummingbird Funds. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. (F4) The reported security is directly held by HB&Q NV (HB&Q COMPARTMENT III). |
| 17 | Common | Common Stock | 2025-11-07 | C | A | 28,981 | — | 37,314 | D See Footnotes | — | — | (F3) The reported security converted into the Issuer's Common Stock on a one-for-one basis automatically immediately prior to the closing of the Issuer's initial public offering of Class A common stock (the "Offering") without payment of further consideration. The shares have no expiration date. (F9) Humming Bird Ventures Management NV is the managing member of Hummingbird Opportunity Fund II CommV, Hummingbird Ventures III CommV, Hummingbird Dragons CommV, Hummingbird Collective CommV, and HB&Q NV (HB&Q COMPARTMENT III) (the Hummingbird Funds) and, as a result, may be deemed to beneficially own shares held by the Hummingbird Funds. Mr. Ileri, Barend Van den Brande, and Lukas Decoster are partners of Hummingbird Ventures Management NV and may be deemed to have shared voting and investment power over the shares held by the Hummingbird Funds. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. (F5) The reported security is directly held by Hummingbird Collective CommV. |
| 18 | Common | Common Stock | 2025-11-07 | C | A | 640,727 | — | 640,727 | I See Footnotes | — | — | (F3) The reported security converted into the Issuer's Common Stock on a one-for-one basis automatically immediately prior to the closing of the Issuer's initial public offering of Class A common stock (the "Offering") without payment of further consideration. The shares have no expiration date. (F9) Humming Bird Ventures Management NV is the managing member of Hummingbird Opportunity Fund II CommV, Hummingbird Ventures III CommV, Hummingbird Dragons CommV, Hummingbird Collective CommV, and HB&Q NV (HB&Q COMPARTMENT III) (the Hummingbird Funds) and, as a result, may be deemed to beneficially own shares held by the Hummingbird Funds. Mr. Ileri, Barend Van den Brande, and Lukas Decoster are partners of Hummingbird Ventures Management NV and may be deemed to have shared voting and investment power over the shares held by the Hummingbird Funds. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. (F6) The reported security is directly held by Hummingbird Dragons CommV. |
| 19 | Common | Common Stock | 2025-11-07 | J | D | 640,727 | — | 0 | I See Footnotes | — | — | (F10) Pursuant to a reclassification exempt under Rule 16b-7, each share of Common Stock was automatically reclassified into one share of Class A common stock immediately prior to the completion of the Offering. (F7) The reported security is directly held by Hummingbird Opportunity Fund II CommV. (F9) Humming Bird Ventures Management NV is the managing member of Hummingbird Opportunity Fund II CommV, Hummingbird Ventures III CommV, Hummingbird Dragons CommV, Hummingbird Collective CommV, and HB&Q NV (HB&Q COMPARTMENT III) (the Hummingbird Funds) and, as a result, may be deemed to beneficially own shares held by the Hummingbird Funds. Mr. Ileri, Barend Van den Brande, and Lukas Decoster are partners of Hummingbird Ventures Management NV and may be deemed to have shared voting and investment power over the shares held by the Hummingbird Funds. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. |
| 20 | Derivative | Series B-1 Convertible Preferred Stock | 2025-11-07 | C | D | 2,261,377 | — | 0 | I See Footnotes | — · — to — | 2,261,377 Common Stock | (F3) The reported security converted into the Issuer's Common Stock on a one-for-one basis automatically immediately prior to the closing of the Issuer's initial public offering of Class A common stock (the "Offering") without payment of further consideration. The shares have no expiration date. (F7) The reported security is directly held by Hummingbird Opportunity Fund II CommV. (F9) Humming Bird Ventures Management NV is the managing member of Hummingbird Opportunity Fund II CommV, Hummingbird Ventures III CommV, Hummingbird Dragons CommV, Hummingbird Collective CommV, and HB&Q NV (HB&Q COMPARTMENT III) (the Hummingbird Funds) and, as a result, may be deemed to beneficially own shares held by the Hummingbird Funds. Mr. Ileri, Barend Van den Brande, and Lukas Decoster are partners of Hummingbird Ventures Management NV and may be deemed to have shared voting and investment power over the shares held by the Hummingbird Funds. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. |
| 21 | Derivative | Series C Convertible Preferred Stock | 2025-11-07 | C | D | 137,288 | — | 0 | I See Footnotes | — · — to — | 137,288 Common Stock | (F3) The reported security converted into the Issuer's Common Stock on a one-for-one basis automatically immediately prior to the closing of the Issuer's initial public offering of Class A common stock (the "Offering") without payment of further consideration. The shares have no expiration date. (F8) The reported security is directly held by Hummingbird Ventures III CommV. (F9) Humming Bird Ventures Management NV is the managing member of Hummingbird Opportunity Fund II CommV, Hummingbird Ventures III CommV, Hummingbird Dragons CommV, Hummingbird Collective CommV, and HB&Q NV (HB&Q COMPARTMENT III) (the Hummingbird Funds) and, as a result, may be deemed to beneficially own shares held by the Hummingbird Funds. Mr. Ileri, Barend Van den Brande, and Lukas Decoster are partners of Hummingbird Ventures Management NV and may be deemed to have shared voting and investment power over the shares held by the Hummingbird Funds. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. |
| 22 | Derivative | Series A-6 Convertible Preferred Stock | 2025-11-07 | C | D | 2,260,520 | — | 0 | I See Footnotes | — · — to — | 2,260,520 Common Stock | (F3) The reported security converted into the Issuer's Common Stock on a one-for-one basis automatically immediately prior to the closing of the Issuer's initial public offering of Class A common stock (the "Offering") without payment of further consideration. The shares have no expiration date. (F8) The reported security is directly held by Hummingbird Ventures III CommV. (F9) Humming Bird Ventures Management NV is the managing member of Hummingbird Opportunity Fund II CommV, Hummingbird Ventures III CommV, Hummingbird Dragons CommV, Hummingbird Collective CommV, and HB&Q NV (HB&Q COMPARTMENT III) (the Hummingbird Funds) and, as a result, may be deemed to beneficially own shares held by the Hummingbird Funds. Mr. Ileri, Barend Van den Brande, and Lukas Decoster are partners of Hummingbird Ventures Management NV and may be deemed to have shared voting and investment power over the shares held by the Hummingbird Funds. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. |
| 23 | Derivative | Series A-2 Convertible Preferred Stock | 2025-11-07 | C | D | 33,000 | — | 0 | I See Footnotes | — · — to — | 33,000 Common Stock | (F3) The reported security converted into the Issuer's Common Stock on a one-for-one basis automatically immediately prior to the closing of the Issuer's initial public offering of Class A common stock (the "Offering") without payment of further consideration. The shares have no expiration date. (F7) The reported security is directly held by Hummingbird Opportunity Fund II CommV. (F9) Humming Bird Ventures Management NV is the managing member of Hummingbird Opportunity Fund II CommV, Hummingbird Ventures III CommV, Hummingbird Dragons CommV, Hummingbird Collective CommV, and HB&Q NV (HB&Q COMPARTMENT III) (the Hummingbird Funds) and, as a result, may be deemed to beneficially own shares held by the Hummingbird Funds. Mr. Ileri, Barend Van den Brande, and Lukas Decoster are partners of Hummingbird Ventures Management NV and may be deemed to have shared voting and investment power over the shares held by the Hummingbird Funds. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. |
| 24 | Derivative | Series A-1 Convertible Preferred Stock | 2025-11-07 | C | D | 20,000 | — | 0 | I See Footnotes | — · — to — | 20,000 Common Stock | (F3) The reported security converted into the Issuer's Common Stock on a one-for-one basis automatically immediately prior to the closing of the Issuer's initial public offering of Class A common stock (the "Offering") without payment of further consideration. The shares have no expiration date. (F7) The reported security is directly held by Hummingbird Opportunity Fund II CommV. (F9) Humming Bird Ventures Management NV is the managing member of Hummingbird Opportunity Fund II CommV, Hummingbird Ventures III CommV, Hummingbird Dragons CommV, Hummingbird Collective CommV, and HB&Q NV (HB&Q COMPARTMENT III) (the Hummingbird Funds) and, as a result, may be deemed to beneficially own shares held by the Hummingbird Funds. Mr. Ileri, Barend Van den Brande, and Lukas Decoster are partners of Hummingbird Ventures Management NV and may be deemed to have shared voting and investment power over the shares held by the Hummingbird Funds. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. |
| 25 | Derivative | Series D Convertible Preferred Stock | 2025-11-07 | C | D | 446,103 | — | 0 | I See Footnotes | — · — to — | 446,103 Common Stock | (F3) The reported security converted into the Issuer's Common Stock on a one-for-one basis automatically immediately prior to the closing of the Issuer's initial public offering of Class A common stock (the "Offering") without payment of further consideration. The shares have no expiration date. (F7) The reported security is directly held by Hummingbird Opportunity Fund II CommV. (F9) Humming Bird Ventures Management NV is the managing member of Hummingbird Opportunity Fund II CommV, Hummingbird Ventures III CommV, Hummingbird Dragons CommV, Hummingbird Collective CommV, and HB&Q NV (HB&Q COMPARTMENT III) (the Hummingbird Funds) and, as a result, may be deemed to beneficially own shares held by the Hummingbird Funds. Mr. Ileri, Barend Van den Brande, and Lukas Decoster are partners of Hummingbird Ventures Management NV and may be deemed to have shared voting and investment power over the shares held by the Hummingbird Funds. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. |
| 26 | Derivative | Series C Convertible Preferred Stock | 2025-11-07 | C | D | 1,569,015 | — | 0 | I See Footnotes | — · — to — | 1,569,015 Common Stock | (F3) The reported security converted into the Issuer's Common Stock on a one-for-one basis automatically immediately prior to the closing of the Issuer's initial public offering of Class A common stock (the "Offering") without payment of further consideration. The shares have no expiration date. (F9) Humming Bird Ventures Management NV is the managing member of Hummingbird Opportunity Fund II CommV, Hummingbird Ventures III CommV, Hummingbird Dragons CommV, Hummingbird Collective CommV, and HB&Q NV (HB&Q COMPARTMENT III) (the Hummingbird Funds) and, as a result, may be deemed to beneficially own shares held by the Hummingbird Funds. Mr. Ileri, Barend Van den Brande, and Lukas Decoster are partners of Hummingbird Ventures Management NV and may be deemed to have shared voting and investment power over the shares held by the Hummingbird Funds. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. (F6) The reported security is directly held by Hummingbird Dragons CommV. |
| 27 | Derivative | Series B-1 Convertible Preferred Stock | 2025-11-07 | C | D | 18,845 | — | 0 | I See Footnotes | — · — to — | 18,845 Common Stock | (F3) The reported security converted into the Issuer's Common Stock on a one-for-one basis automatically immediately prior to the closing of the Issuer's initial public offering of Class A common stock (the "Offering") without payment of further consideration. The shares have no expiration date. (F9) Humming Bird Ventures Management NV is the managing member of Hummingbird Opportunity Fund II CommV, Hummingbird Ventures III CommV, Hummingbird Dragons CommV, Hummingbird Collective CommV, and HB&Q NV (HB&Q COMPARTMENT III) (the Hummingbird Funds) and, as a result, may be deemed to beneficially own shares held by the Hummingbird Funds. Mr. Ileri, Barend Van den Brande, and Lukas Decoster are partners of Hummingbird Ventures Management NV and may be deemed to have shared voting and investment power over the shares held by the Hummingbird Funds. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. (F6) The reported security is directly held by Hummingbird Dragons CommV. |
| 28 | Derivative | Series A-6 Convertible Preferred Stock | 2025-11-07 | C | D | 28,981 | — | 0 | D See Footnotes | — · — to — | 28,981 Common Stock | (F3) The reported security converted into the Issuer's Common Stock on a one-for-one basis automatically immediately prior to the closing of the Issuer's initial public offering of Class A common stock (the "Offering") without payment of further consideration. The shares have no expiration date. (F9) Humming Bird Ventures Management NV is the managing member of Hummingbird Opportunity Fund II CommV, Hummingbird Ventures III CommV, Hummingbird Dragons CommV, Hummingbird Collective CommV, and HB&Q NV (HB&Q COMPARTMENT III) (the Hummingbird Funds) and, as a result, may be deemed to beneficially own shares held by the Hummingbird Funds. Mr. Ileri, Barend Van den Brande, and Lukas Decoster are partners of Hummingbird Ventures Management NV and may be deemed to have shared voting and investment power over the shares held by the Hummingbird Funds. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. (F4) The reported security is directly held by HB&Q NV (HB&Q COMPARTMENT III). |
| 29 | Derivative | Series B-2 Convertible Preferred Stock | 2025-11-07 | C | D | 320,363 | — | 0 | I | — · — to — | 320,363 Common Stock | (F3) The reported security converted into the Issuer's Common Stock on a one-for-one basis automatically immediately prior to the closing of the Issuer's initial public offering of Class A common stock (the "Offering") without payment of further consideration. The shares have no expiration date. |
| 30 | Derivative | Series B-2 Convertible Preferred Stock | 2025-11-07 | C | D | 640,727 | — | 0 | I See Footnotes | — · — to — | 640,727 Common Stock | (F3) The reported security converted into the Issuer's Common Stock on a one-for-one basis automatically immediately prior to the closing of the Issuer's initial public offering of Class A common stock (the "Offering") without payment of further consideration. The shares have no expiration date. (F9) Humming Bird Ventures Management NV is the managing member of Hummingbird Opportunity Fund II CommV, Hummingbird Ventures III CommV, Hummingbird Dragons CommV, Hummingbird Collective CommV, and HB&Q NV (HB&Q COMPARTMENT III) (the Hummingbird Funds) and, as a result, may be deemed to beneficially own shares held by the Hummingbird Funds. Mr. Ileri, Barend Van den Brande, and Lukas Decoster are partners of Hummingbird Ventures Management NV and may be deemed to have shared voting and investment power over the shares held by the Hummingbird Funds. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. (F5) The reported security is directly held by Hummingbird Collective CommV. |