Bold Eagle insider converts 5.16M Class B shares

Rhea-AI Filing Summary

Bold Eagle Acquisition Corp.'s reporting person, Eagle Equity Partners IV, LLC, identified as a director by deputization and 10% owner, converted 5,159,999 Class B Ordinary Shares into 5,159,999 Class A Ordinary Shares on October 23, 2026, on a one-for-one basis for no consideration. Afterward, the LLC reported 5,517,999 Class A Ordinary Shares and 1 Class B Ordinary Share. Eli Baker, Jeff Sagansky and Harry Sloan are the LLC's managing members; the footnote states none individually exercises voting or dispositive control or is deemed a beneficial owner of the LLC's securities.

Insider Trade Summary

5,159,999 shares exercised/converted

Exercise 2 txns

Insider Eagle Equity Partners IV, LLC

Role Director, 10% Owner

Type	Security	Shares	Price	Value
Conversion	Class B Ordinary Shares F1, F2, F3	5,159,999	$0.00	$0.00
Conversion	Class A Ordinary Shares F1, F3	5,159,999	--	--

Holdings After Transaction: Class B Ordinary Shares — 1 contracts (Direct); Class A Ordinary Shares — 5,517,999 shares (Direct)

Footnotes (3)

1. F1. On October 23, 2026, the Reporting Person elected to convert 5,159,999 Class B ordinary shares, par value $0.0001 per share ("Class B Ordinary Shares") of Bold Eagle Acquisition Corp. (the "Issuer") held by the Reporting Person into Class A ordinary shares of the Issuer, par value $0.0001 ("Class A Ordinary Shares") on a one-for-one basis for no consideration.
2. F2. As described in the Issuer's Registration Statement under the heading "Description of Securities - Founder Shares and Private Placement Shares", the Class B Ordinary Shares will automatically convert into Class A Ordinary Shares immediately prior to, concurrently with or immediately following the consummation of the Issuer's initial business combination or earlier at the option of the holder on a one-for-one basis, subject to adjustment for share sub-divisions, share capitalizations, reorganizations, recapitalizations and the like, and have no expiration date.
3. F3. Eagle Equity Partners IV, LLC is the record holder of the securities reported herein. Mr. Eli Baker, Mr. Jeff Sagansky, and Mr. Harry Sloan are the managing members of Eagle Equity Partners IV, LLC. Each managing member has one vote, and the approval of a majority is required to approve the action. Under the so-called "rule of three," if voting and dispositive decisions regarding an entity's securities are made by three or more individuals, and voting or dispositive decisions require the approval of a majority of those individuals, then none of the individuals is deemed a beneficial owner of the entity's securities. Based on the foregoing, no individual managing member of Eagle Equity Partners IV, LLC exercises voting or dispositive control over any of the securities held by the entity, even those in which he holds a pecuniary interest. Accordingly, each managing member will not be deemed to have or share beneficial ownership of the securities held by Eagle Equity Partners IV, LLC.

Key Figures

Class B Ordinary Shares converted: 5,159,999 shares Class A Ordinary Shares received: 5,159,999 shares Conversion ratio: one-for-one +2 more

5 metrics

Class B Ordinary Shares converted 5,159,999 shares October 23, 2026

Class A Ordinary Shares received 5,159,999 shares October 23, 2026

Conversion ratio one-for-one Class B Ordinary Shares converted into Class A Ordinary Shares

Class A Ordinary Shares after conversion 5,517,999 shares Eagle Equity Partners IV, LLC's reported position

Class B Ordinary Shares after conversion 1 share Eagle Equity Partners IV, LLC's reported position

Key Terms

Class B Ordinary Shares, Class A Ordinary Shares, rule of three, beneficial ownership

4 terms

Class B Ordinary Shares technical

""Class B Ordinary Shares" of Bold Eagle Acquisition Corp."

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.

Class A Ordinary Shares technical

""Class A Ordinary Shares" of the Issuer"

Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.

rule of three regulatory

"Under the so-called "rule of three""

beneficial ownership regulatory

"deemed to have or share beneficial ownership"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many shares did Eagle Equity Partners IV, LLC convert in BEAG?

Eagle Equity Partners IV, LLC converted 5,159,999 Class B Ordinary Shares into 5,159,999 Class A Ordinary Shares on October 23, 2026. The exchange was one-for-one and for no consideration; afterward, the LLC reported 5,517,999 Class A Ordinary Shares and 1 Class B Ordinary Share.

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

Form 4 Insider Transactions: What Each Field Means →

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Available on EDGAR 10/26/2026 - 08:53 PM EDT Accepted by SEC EDGAR 10/26/2026 - 08:53 PM EDT Learn about SEC filing dates

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^*

Eagle Equity Partners IV, LLC

(Last) (First) (Middle)

C/O BOLD EAGLE ACQUISITION CORP.

955 FIFTH AVENUE

(Street)

NEW YORK NEW YORK 10075

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Bold Eagle Acquisition Corp. [ BEAG ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/23/2026

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)
			Code	V	Amount	(A) or (D)	Price
Class A Ordinary Shares	10/23/2026		C		5,159,999(1)	A	(1)	5,517,999	D(3)

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Class B Ordinary Shares	(1)	10/23/2026		C			5,159,999	(2)	(2)	Class A Ordinary Shares	5,159,999	$0.00(1)	1	D(3)

Explanation of Responses:

1. On October 23, 2026, the Reporting Person elected to convert 5,159,999 Class B ordinary shares, par value $0.0001 per share ("Class B Ordinary Shares") of Bold Eagle Acquisition Corp. (the "Issuer") held by the Reporting Person into Class A ordinary shares of the Issuer, par value $0.0001 ("Class A Ordinary Shares") on a one-for-one basis for no consideration.

2. As described in the Issuer's Registration Statement under the heading "Description of Securities - Founder Shares and Private Placement Shares", the Class B Ordinary Shares will automatically convert into Class A Ordinary Shares immediately prior to, concurrently with or immediately following the consummation of the Issuer's initial business combination or earlier at the option of the holder on a one-for-one basis, subject to adjustment for share sub-divisions, share capitalizations, reorganizations, recapitalizations and the like, and have no expiration date.

3. Eagle Equity Partners IV, LLC is the record holder of the securities reported herein. Mr. Eli Baker, Mr. Jeff Sagansky, and Mr. Harry Sloan are the managing members of Eagle Equity Partners IV, LLC. Each managing member has one vote, and the approval of a majority is required to approve the action. Under the so-called "rule of three," if voting and dispositive decisions regarding an entity's securities are made by three or more individuals, and voting or dispositive decisions require the approval of a majority of those individuals, then none of the individuals is deemed a beneficial owner of the entity's securities. Based on the foregoing, no individual managing member of Eagle Equity Partners IV, LLC exercises voting or dispositive control over any of the securities held by the entity, even those in which he holds a pecuniary interest. Accordingly, each managing member will not be deemed to have or share beneficial ownership of the securities held by Eagle Equity Partners IV, LLC.

Remarks:

Messrs. Sloan, Baker and Sagansky serve on the Board of Directors of the Issuer and Mr. Baker is also the Chief Executive Officer of the Issuer. Eagle Equity Partners IV, LLC may be deemed to be a director by deputization as a result of the service of Messrs. Sloan, Baker and Sagansky.

	/s/ Eli Baker, Managing Member of Eagle Equity Partners IV, LLC	10/26/2026
	** 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)