Centurion (ALF) director converts 30,000 Class B shares into Class A stock

(Neutral)

Form Type

Rhea-AI Filing Summary

Centurion Acquisition Corp. director Michael G. Jesselson converted 30,000 Class B Ordinary Shares into 30,000 Class A Ordinary Shares. The Form 4 shows a derivative conversion on June 8, 2026, for no additional consideration, leaving him with 30,000 Class A shares directly owned and no remaining Class B shares from this block.

Insider Trade Summary

Net Buyer: 30,000 shares

Net Buy 2 txns

Insider JESSELSON MICHAEL G

Role Director

Type	Security	Shares	Price	Value
Conversion	Class B Ordinary Shares	30,000	$0.00	$0.00
Conversion	Class A Ordinary Shares	30,000	$0.00	$0.00

Holdings After Transaction: Class B Ordinary Shares — 0 shares (Direct); Class A Ordinary Shares — 30,000 shares (Direct)

Footnotes (1)

F1. Pursuant to the Issuer's Amended and Restated Memorandum and Articles of Association, the Class B Ordinary Shares are convertible into Class A Ordinary Shares at the option of the holders thereof at any time, and from time to time, on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights, for no additional consideration, and have no expiration date. On June 8, 2026, the Reporting Person elected to convert 30,000 Class B Ordinary Shares into 30,000 Class A Ordinary Shares.

Key Figures

Converted shares: 30,000 shares Class A held after conversion: 30,000 shares Conversion ratio: 1-to-1 +1 more

4 metrics

Converted shares 30,000 shares Class B converted into Class A on June 8, 2026

Class A held after conversion 30,000 shares Direct ownership following the reported transaction

Conversion ratio 1-to-1 Class B Ordinary Shares into Class A Ordinary Shares

Additional consideration $0.00 Conversion for no additional consideration per footnote

Key Terms

Conversion of derivative security, Class B Ordinary Shares, anti-dilution rights, no additional consideration

4 terms

Conversion of derivative security financial

"transaction_code_description: Conversion of derivative security"

Class B Ordinary Shares financial

"convert 30,000 Class B Ordinary Shares into 30,000 Class A"

Class B ordinary shares are a type of ownership stake in a company that typically come with different voting rights or privileges compared to other share classes. For investors, they represent a way to hold part of the company’s value and influence its decisions, often with fewer voting rights than Class A shares. Understanding these shares helps investors assess their level of control and potential returns within a company.

anti-dilution rights financial

"subject to adjustment pursuant to certain anti-dilution rights"

no additional consideration financial

"for no additional consideration, and have no expiration date"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/15/2026 - 09:04 PM Accepted by SEC EDGAR 06/15/2026 - 09:04 PM

FAQ

What insider transaction did Centurion Acquisition Corp. (ALF) report?

Centurion Acquisition Corp. reported that director Michael G. Jesselson converted 30,000 Class B Ordinary Shares into 30,000 Class A Ordinary Shares. The conversion was recorded as a Form 4 transaction dated June 8, 2026, with no additional cash consideration involved.

How many Centurion (ALF) shares did Michael G. Jesselson convert and now hold?

Michael G. Jesselson converted 30,000 Class B Ordinary Shares into 30,000 Class A Ordinary Shares. After the transaction, the Form 4 shows he directly owns 30,000 Class A Ordinary Shares, with the corresponding Class B derivative position reduced to zero for this block.

Was the Centurion (ALF) insider transaction a purchase or a sale?

The insider transaction was a conversion, not a purchase or sale. Jesselson exchanged 30,000 Class B Ordinary Shares for 30,000 Class A Ordinary Shares on a one-for-one basis, for no additional consideration, as allowed under the company’s governing documents.

What are the conversion terms for Centurion (ALF) Class B Ordinary Shares?

Class B Ordinary Shares are convertible into Class A Ordinary Shares at the holders’ option on a one-for-one basis. The footnote explains the conversion occurs for no additional consideration, is subject to anti-dilution adjustments, and the Class B shares have no expiration date under these terms.

When did the Centurion (ALF) director’s conversion of shares occur?

The director’s conversion occurred on June 8, 2026. On that date, Michael G. Jesselson elected to convert 30,000 Class B Ordinary Shares into 30,000 Class A Ordinary Shares, and this activity was reported in a Form 4 insider trading report filed for Centurion Acquisition Corp.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

JESSELSON MICHAEL G

(Last)

(First)

(Middle)

C/O CENTURION ACQUISITION CORP.

667 MADISON AVENUE, 5TH FLOOR

(Street)

NEW YORK

10065

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Centurion Acquisition Corp. [ ALF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/08/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Ordinary Shares	06/08/2026		C⁽¹⁾		30,000	A	⁽¹⁾	30,000	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Class B Ordinary Shares	⁽¹⁾	06/08/2026		C⁽¹⁾			30,000	⁽¹⁾	⁽¹⁾	Class A Ordinary Shares	30,000	$0	0	D

Explanation of Responses:

1. Pursuant to the Issuer's Amended and Restated Memorandum and Articles of Association, the Class B Ordinary Shares are convertible into Class A Ordinary Shares at the option of the holders thereof at any time, and from time to time, on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights, for no additional consideration, and have no expiration date. On June 8, 2026, the Reporting Person elected to convert 30,000 Class B Ordinary Shares into 30,000 Class A Ordinary Shares.

	/s/ Jordan Leon, Attorney-in-Fact	06/15/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR