StoneBridge CEO reports indirect sponsor share stake
StoneBridge Acquisition II Corp reported an insider filing for Bhargava Marepally, its Chief Executive Officer, director, and 10% owner.
Rhea-AI Filing Summary
StoneBridge Acquisition II Corp reported an insider filing for Bhargava Marepally, its Chief Executive Officer, director, and 10% owner. On February 5, 2026, the board approved an equity grant of 100,000 Class B Ordinary Shares to four independent directors, transferred from StoneBridge Acquisition Sponsor II LLC.
These Class B shares will automatically convert into 100,000 Class A Ordinary Shares on a one-for-one basis at the time of the company’s initial business combination. After this activity, 991,667 Class B Ordinary Shares are held by the sponsor, over which Marepally may be deemed to share beneficial ownership through his role in the sponsor’s managing member, while he disclaims beneficial ownership beyond any pecuniary interest.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class B Ordinary Shares | 100,000 | $0.00 | $0.00 |
Footnotes (2)
- F1. On, and effective, February 5, 2026, the board of directors (the "Board") of StoneBridge Acquisition II Corporation (the "Issuer") approved an equity grant of 100,000 Class B Ordinary Shares of the Issuer to four independent members of the Board for their respective services as members of the Board and committees of the Board. The Class B Shares were transferred by and from the Issuer's sponsor, StoneBridge Acquisition Sponsor II LLC (the "Sponsor"), to the four independent members of the Board. The Class B Ordinary Shares will automatically convert into Class A Ordinary Shares at the time of the Issuer's initial business combination on a one-for-one basis, subject to certain adjustments and have no expiration date.
- F2. The shares were, and are, as applicable, directly held by the Sponsor. The reporting person is a member of BP SPAC Sponsor II LLC, the sole managing member of the Sponsor. As such, the reporting person has voting and investment discretion with respect to the ordinary shares held of record by the Sponsor and may be deemed to have shared beneficial ownership of the ordinary shares held directly by the Sponsor. The reporting person disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly.
FAQ
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