Emmis Acquisition director receives 11,667 shares

The shares carry the same transfer restrictions applicable to other Class B ordinary shares held by the Sponsor.

Rhea-AI Filing Summary

Emmis Acquisition Corp. (EMIS) director Kenneth C. Greenberg acquired 11,667 Class B ordinary shares on September 25, 2026, transferred by Emmis Capital Sponsor LLC in connection with his appointment. The transfer involved no cash consideration. His reported direct holdings afterward were 11,667 Class B ordinary shares; they are subject to the same transfer restrictions applicable to the other Class B ordinary shares held by the Sponsor.

Insider Trade Summary

Other: 11,667 shares

Other 1 txn

Insider Greenberg Kenneth C.

Role Director

Type	Security	Shares	Price	Value
Other	Class B Ordinary Shares F1	11,667	$0.00	$0.00

Holdings After Transaction: Class B Ordinary Shares — 11,667 shares (Direct)

Footnotes (1)

1. F1. Represents 11,667 Class B ordinary shares of Emmis Acquisition Corp. (the "Issuer") transferred to the reporting person by Emmis Capital Sponsor LLC (the "Sponsor") on September 25, 2026, in connection with the reporting person's appointment as a director of the Issuer. The shares were transferred for no cash consideration and are subject to the same transfer restrictions applicable to the other Class B ordinary shares held by the Sponsor.

Key Figures

Class B ordinary shares transferred: 11,667 shares Reported direct holdings after transfer: 11,667 Class B ordinary shares

2 metrics

Class B ordinary shares transferred 11,667 shares September 25, 2026; transferred by Emmis Capital Sponsor LLC

Reported direct holdings after transfer 11,667 Class B ordinary shares September 25, 2026

Key Terms

Class B ordinary shares, transfer restrictions, cash consideration

3 terms

Class B ordinary shares technical

"11,667 Class B ordinary shares"

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.

transfer restrictions regulatory

"subject to the same transfer restrictions"

Transfer restrictions are legal or contractual limits that prevent or delay selling, gifting, or otherwise moving ownership of a security. Think of them like a temporary lock on a share that can be imposed by law, a contract, or a registrar: they matter to investors because they reduce liquidity, can delay when holders can realize cash, and often affect a security’s market value and attractiveness to buyers.

cash consideration financial

"transferred for no cash consideration"

Cash consideration is the actual money paid to buy a company, asset, or stake rather than payment in shares or other forms. For investors it matters because cash payments deliver immediate, certain value and affect the buyer’s and seller’s cash reserves and balance sheets—like selling a car for cash versus taking a trade-in, one side gets instant spending power while the other changes its liquidity and risk profile.

FAQ

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

How many shares did EMIS director Kenneth C. Greenberg acquire?

Kenneth C. Greenberg acquired 11,667 Class B ordinary shares on September 25, 2026. Emmis Capital Sponsor LLC transferred the shares in connection with his appointment as a director, for no cash consideration.

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

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Available on EDGAR 09/28/2026 - 04:07 PM Accepted by SEC EDGAR 09/28/2026 - 04:06 PM 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^*

Greenberg Kenneth C.

(Last) (First) (Middle)

C/O EMMIS ACQUISITION CORP.

515 E LAS OLAS BLVD, SUITE 120

(Street)

FORT LAUDERDALE FLORIDA 33301

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Emmis Acquisition Corp. [ EMIS ]

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)
09/25/2026

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 B Ordinary Shares	09/25/2026		J		11,667	A	$0(1)	11,667	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents 11,667 Class B ordinary shares of Emmis Acquisition Corp. (the "Issuer") transferred to the reporting person by Emmis Capital Sponsor LLC (the "Sponsor") on September 25, 2026, in connection with the reporting person's appointment as a director of the Issuer. The shares were transferred for no cash consideration and are subject to the same transfer restrictions applicable to the other Class B ordinary shares held by the Sponsor.

	/s/ Kenneth C. Greenberg	09/28/2026
	** 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)