Fulgur Frontier Capital adds 7.19M Fold Holdings (FLD) shares via contribution

Rhea-AI Filing Summary

Fulgur Frontier Capital LP, a 10% owner of Fold Holdings, Inc., reported acquiring 7,191,631 shares of common stock on December 30, 2025. These shares were contributed by one of its limited partners to the fund for no additional consideration.

After this contribution, Fulgur Frontier Capital LP directly owns 13,740,061 shares of Fold Holdings common stock. The contributed shares had originally been purchased in open market transactions by the limited partner at an average weighted price of $3.83 per share on behalf of the reporting person.

The filing also notes that this total does not include 4,360,345 additional shares of Fold Holdings common stock held by an affiliated entity, Fulgur Ventures I LP.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Fulgur Frontier Capital LP

Role 10% Owner

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	7,191,631	$0.00	--

Holdings After Transaction: Common Stock — 13,740,061 shares (Direct)

Footnotes (1)

1. On December 30, 2025, 7,191,631 shares of the issuer's common stock were contributed by a limited partner of the reporting person to the reporting person for no additional consideration (the "Shares"). The Shares were originally purchased by the limited partner on behalf of the Reporting Person in open market transactions at market prices having an average weighted purchase price of $3.83 per share. This does not include 4,360,345 shares of the issuer's common stock which are held by Fulgur Ventures I LP, an affiliate of the reporting person.

Form 4 Insider Transactions: What Each Field Means →

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^*

Fulgur Frontier Capital LP

(Last) (First) (Middle)

GOODMAN'S BAY CORPORATE CENTRE,

2ND FLOOR, 309 WEST BAY STREET

(Street)

NASSAU C5

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Fold Holdings, Inc. [ FLD ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
12/30/2025

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

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

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

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
Common Stock	12/30/2025(1)		A		7,191,631(1)	A	(1)	13,740,061(2)	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. On December 30, 2025, 7,191,631 shares of the issuer's common stock were contributed by a limited partner of the reporting person to the reporting person for no additional consideration (the "Shares"). The Shares were originally purchased by the limited partner on behalf of the Reporting Person in open market transactions at market prices having an average weighted purchase price of $3.83 per share.

2. This does not include 4,360,345 shares of the issuer's common stock which are held by Fulgur Ventures I LP, an affiliate of the reporting person.

	/s/ Oleg Mikhalskiy, for Fulgur Frontier Capital LP, by Fulgur Investment Management Limited, its general partner, By: Oleg Mikhalskiy, as Director	03/10/2026
	/s/ Wendy Warren, for Fulgur Frontier Capital LP, by Fulgur Investment Management Limited, its general partner, By: Wendy Warren (Tux Limited) as Director	03/10/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did Fulgur Frontier Capital LP report for Fold Holdings (FLD)?

Fulgur Frontier Capital LP reported acquiring 7,191,631 Fold Holdings common shares on December 30, 2025. A limited partner contributed these shares to the fund for no additional consideration, consolidating ownership at the reporting person level without an open-market purchase.

How many Fold Holdings (FLD) shares does Fulgur Frontier Capital LP hold after this Form 4 transaction?

Following the reported transaction, Fulgur Frontier Capital LP directly holds 13,740,061 shares of Fold Holdings common stock. This total reflects the contribution of 7,191,631 shares from a limited partner to the reporting person as described in the filing.

What was the cost basis for the Fold Holdings (FLD) shares contributed to Fulgur Frontier Capital LP?

The contributed 7,191,631 Fold Holdings shares were originally bought in open market transactions at an average weighted purchase price of $3.83 per share. These purchases were made by a limited partner on behalf of the reporting person before the contribution.

Did Fulgur Frontier Capital LP pay cash for the new Fold Holdings (FLD) shares?

No, the filing states the 7,191,631 Fold Holdings shares were contributed by a limited partner for no additional consideration. This means the reporting person did not pay new cash to receive the additional stock stake described in the Form 4.

Are there other Fold Holdings (FLD) shares affiliated with Fulgur Frontier Capital LP not in its direct holdings?

Yes, the Form 4 notes that 4,360,345 Fold Holdings common shares are held by Fulgur Ventures I LP, an affiliate of the reporting person. These affiliate-held shares are not included in Fulgur Frontier Capital LP’s directly reported 13,740,061-share position.

What is the significance of the December 30, 2025 date in the Fold Holdings (FLD) Form 4?

December 30, 2025 is the transaction date when 7,191,631 Fold Holdings shares were contributed by a limited partner to Fulgur Frontier Capital LP. The date marks when the reporting person’s direct ownership position increased according to the Form 4 disclosure.