Form 4: Kyle Wool Reports NWAX Stock Transactions

Kyle Wool, a director at New America Acquisition I Corp. (NWAX), reported transactions involving Class A common stock, including the acquisition of 200,000 shares.

Summary

• Kyle Wool, a director of New America Acquisition I Corp. (NWAX), has filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• The filing indicates a transaction on April 7, 2026, where 200,000 shares of Class A common stock were acquired at a price of $0.01 per share.
• Following this transaction, Mr. Wool's beneficial ownership of Class A common stock is reported as 1,900,000 shares.
• Additional holdings include 1,100,000 shares of Class A common stock held by Dominari Securities LLC, where Mr. Wool is CEO, and 600,000 private shares held by New America Sponsor I LLC, where he is co-manager.
• Mr. Wool also has indirect beneficial ownership of 12,500,000 shares of Class B common stock held by New America Sponsor I LLC, which are convertible into Class A common stock.
• Furthermore, Mr. Wool may be deemed to beneficially own 50% of shares held by American Ventures LLC, Series XLIV DBC, which purchased 200,000 Class A shares on April 7, 2026.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it primarily reports on changes in beneficial ownership and does not contain significant financial performance data or strategic announcements that would strongly influence investor sentiment.

Positives

• Acquisition of 200,000 Class A common shares by American Ventures LLC, Series XLIV DBC, in which Mr. Wool has a 50% beneficial interest, at a nominal price of $0.01.
• Director Kyle Wool's beneficial ownership of Class A common stock totals 1,900,000 shares after the reported transaction.

Negatives

• The filing does not explicitly detail any negative financial performance or operational setbacks.

Risks

• Mr. Wool disclaims beneficial ownership of shares held by Dominari Securities LLC and American Ventures LLC, Series XLIV DBC, other than to the extent of any pecuniary interest he may have therein, directly or indirectly.
• Mr. Wool does not have any direct economic interest in the shares held by New America Sponsor I LLC.

Future Outlook

The filing does not contain forward-looking statements or guidance regarding future financial performance or strategic direction.

Management Comments

• Mr. Wool disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly.
• Mr. Wool does not have any direct economic interest in the shares held by New America Sponsor I LLC.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions, providing transparency into the holdings and activities of company directors and officers. This filing details Mr. Wool's indirect and direct beneficial ownership changes.

Related Party Transactions

• Mr. Wool serves as the Chief Executive Officer of Dominari Securities LLC, which holds 1,100,000 shares of Class A common stock.
• Mr. Wool is the co-manager of New America Sponsor I LLC, which holds 12,500,000 shares of Class B common stock and 600,000 private shares.
• Mr. Wool may be deemed to beneficially own 50% of the shares held by American Ventures LLC, Series XLIV DBC, which purchased 200,000 shares of Class A common stock.

Stakeholder Impact

• Shareholders gain transparency into the beneficial ownership of a director, which can inform their investment decisions.
• The conversion of Class B founder shares into Class A common stock upon a business combination will impact the total outstanding Class A shares.

Next Steps

• The Class B common stock (founder shares) will automatically convert into shares of Class A common stock concurrently with or immediately following the consummation of the initial business combination of the issuer or such earlier time at the option of the holder on a one-for-one basis, subject to adjustment.

Key Dates

Keywords

Form 4, SEC Filing, Beneficial Ownership, Class A Common Stock, Class B Common Stock, New America Acquisition I Corp, NWAX, Kyle Wool, Director, Insider Trading, Stock Transaction