Enhanced Group (ENHA) backer lifts stake with 150K-share buy

Rhea-AI Filing Summary

Enhanced Group Inc. (ENHA) reported an insider-related purchase of 150,000 shares of Class A Common Stock at $1.9708 per share on 2026-08-14. The shares are held indirectly through entities associated with Apeiron Investment Group Limited and Enhanced Holdings LP, with 32,862,812 shares held indirectly after this transaction. Christian Angermayer is associated with these entities and may be deemed to share beneficial ownership, while disclaiming beneficial ownership except for his pecuniary interest.

Insider Trade Summary

Net Buyer: 150,000 shares

Net Buy 1 txn

Insider Apeiron Investment Group Ltd., Enhanced Holdings LP, Angermayer Christian

Role Director, 10% Owner | Director, 10% Owner | Director, 10% Owner

Bought 150,000 shs ($296K)

Type	Security	Shares	Price	Value
Purchase	Class A Common Stock F1	150,000	$1.9708	$296K

Holdings After Transaction: Class A Common Stock — 32,862,812 shares (Indirect, See Footnote)

Footnotes (1)

1. F1. The securities reported herein are held of record by Apeiron Investment Group Limited, as nominee for Enhanced Holdings LP. Christian Angermayer is the sole voting shareholder of Apeiron Investment Group Ltd., which is the sole shareholder of Enhanced Holdings GP, which is the general partner of Enhanced Holdings LP. As a result, each of the foregoing entities and Mr. Angermayer may be deemed to share beneficial ownership over the securities reported herein. Mr. Angermayer disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.

Key Figures

Shares purchased: 150,000 shares Purchase price: $1.9708 per share Shares held after transaction: 32,862,812 shares +1 more

4 metrics

Shares purchased 150,000 shares Class A Common Stock transaction on 2026-08-14

Purchase price $1.9708 per share Open-market or private purchase of Class A Common Stock

Shares held after transaction 32,862,812 shares Indirect holdings following the reported transaction

Net buy shares 150,000 shares Net buy activity across all reported non-derivative transactions

Key Terms

beneficial ownership, pecuniary interest, general partner

3 terms

beneficial ownership financial

"may be deemed to share beneficial ownership over the securities"

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.

pecuniary interest financial

"disclaims beneficial ownership of such securities except to the extent of his pecuniary interest"

general partner financial

"Enhanced Holdings GP, which is the general partner of Enhanced Holdings LP"

A general partner is the person or firm that runs an investment partnership and legally represents it — they make the day-to-day decisions, choose which assets to buy or sell, and are responsible for the partnership’s obligations. Investors care because the general partner’s judgment, risk-taking and fee and profit-sharing arrangements determine both the potential returns and the level of exposure to losses; think of the GP as the ship’s captain whose skill and honesty shape the voyage’s outcome.

FAQ

What insider transaction did ENHA report in this Form 4?

Enhanced Group Inc. reported a purchase of 150,000 Class A Common shares at $1.9708 per share on 2026-08-14, held indirectly through entities associated with Apeiron Investment Group Limited and Enhanced Holdings LP.

Who are the reporting persons on the ENHA Form 4 filing?

The reporting persons are Apeiron Investment Group Ltd., Enhanced Holdings LP, and Christian Angermayer, each listed as a director and 10% owner, with complex indirect ownership and shared beneficial ownership described in the footnote.

How many ENHA shares are held after the reported insider transaction?

Following the transaction, the filing reports 32,862,812 shares of Enhanced Group Inc. Class A Common Stock held indirectly, recorded in the name of Apeiron Investment Group Limited as nominee for Enhanced Holdings LP.

Was the ENHA insider trade made under a Rule 10b5-1 trading plan?

The Form 4 indicates the Rule 10b5-1 checkbox is not affirmed, meaning the reported 150,000-share purchase was not identified in the filing as executed pursuant to a Rule 10b5-1 trading plan.

How is Christian Angermayer related to the ENHA share ownership?

The footnote states Christian Angermayer is the sole voting shareholder of Apeiron Investment Group Ltd., which controls Enhanced Holdings LP, so he may be deemed to share beneficial ownership but disclaims ownership except for his pecuniary interest.

Is the ENHA insider ownership direct or indirect for this transaction?

The 150,000-share purchase is reported as indirect ownership (code "I"), with the shares held of record by Apeiron Investment Group Limited as nominee for Enhanced Holdings LP, as explained in the footnote.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/17/2026 - 06:11 AM Accepted by SEC EDGAR 08/17/2026 - 06:10 AM 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^*

Apeiron Investment Group Ltd.

(Last) (First) (Middle)

TRIQ IS-SALIB TAL-IMRIEHEL

ZONE 3, CBD

(Street)

BIRKIRKARA MALTA 3020

(City) (State) (Zip)

MALTA

(Country)

2. Issuer Name and Ticker or Trading Symbol
Enhanced Group Inc. [ ENHA ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/14/2026

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

	Form filed by One Reporting Person
X	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 Common Stock	08/14/2026		P		150,000	A	$1.9708	32,862,812	I	See Footnote(1)

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

1. Name and Address of Reporting Person^*

Apeiron Investment Group Ltd.

(Last) (First) (Middle)

TRIQ IS-SALIB TAL-IMRIEHEL

ZONE 3, CBD

(Street)

BIRKIRKARA MALTA 3020

(City) (State) (Zip)

MALTA

(Country)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

Enhanced Holdings LP

(Last) (First) (Middle)

TRIQ IS-SALIB TAL-IMRIEHEL

ZONE 3, CBD

(Street)

BIRKIRKARA MALTA 3020

(City) (State) (Zip)

MALTA

(Country)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

Angermayer Christian

(Last) (First) (Middle)

TRIQ IS-SALIB TAL-IMRIEHEL

ZONE 3, CBD

(Street)

BIRKIRKARA MALTA 3020

(City) (State) (Zip)

MALTA

(Country)

Relationship of Reporting Person(s) to Issuer

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

Explanation of Responses:

1. The securities reported herein are held of record by Apeiron Investment Group Limited, as nominee for Enhanced Holdings LP. Christian Angermayer is the sole voting shareholder of Apeiron Investment Group Ltd., which is the sole shareholder of Enhanced Holdings GP, which is the general partner of Enhanced Holdings LP. As a result, each of the foregoing entities and Mr. Angermayer may be deemed to share beneficial ownership over the securities reported herein. Mr. Angermayer disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.

	Apeiron Investment Group Ltd., By: /s/ Sanad Abushala, Director	08/17/2026
	Enhanced Holdings GP, By: Apeiron Investment Group Ltd., its sole stockholder, By: /s/ Sanad Abushala, Director	08/17/2026
	Enhanced Holdings LP, By: Enhanced Holdings GP, its general partner, By: Apeiron Investment Group Ltd., its sole stockholder, By: /s/ Sanad Abushala, Director	08/17/2026
	/s/ Christian Angermayer	08/17/2026
	** 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)