AQR-Linked Funds Dispose of 366,532 Four Leaf (FORLW) Shares

Rhea-AI Filing Summary

AQR-affiliated entities reported coordinated sales of Four Leaf Acquisition Corp (Class A) shares on 08/15/2025. The Form 4 shows sales of multiple pooled and fund accounts totaling 366,532 shares at a reported price of $11.62 per share, leaving 0 shares beneficially owned for each listed account after the transactions. The filing is submitted by AQR Capital Management Holdings, LLC, AQR Capital Management, LLC and AQR Arbitrage, LLC and is signed by Henry Parkin on behalf of each reporting entity. The explanatory section details the manager/sub-advisor and general partner relationships among the AQR entities and the listed funds, clarifying indirect ownership and control.

Insights

Securities Analyst

TL;DR: AQR entities sold 366,532 FORL Class A shares at $11.62, reducing reported beneficial holdings to zero for the listed accounts.

The Form 4 documents dispositive transactions by multiple AQR-managed funds and accounts on a single date, totalling 366,532 Class A shares sold at $11.62 each. The report clarifies that the holdings were indirect and identifies the managerial and GP structures linking the funds to the reporting entities. For investors, the filing is a clear, contemporaneous disclosure of insider-related selling; it does not provide rationale or indicate changes in underlying fund strategies beyond the disposals recorded.

Corporate Governance Expert

TL;DR: The filing provides complete disclosure of relationships and signatures, showing compliant reporting of significant dispositions by AQR-controlled vehicles.

The Form 4 includes detailed explanatory notes on control and general partner relationships, and it is duly signed by an authorized signatory. The entries show multiple indirect holdings disposed of entirely, with each account showing zero shares after the 08/15/2025 sales. From a governance and disclosure standpoint, the filing appears complete and properly executed; it does not offer information on reasons for the sales or any agreements governing the transactions.

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

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X

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^*

AQR Capital Management Holdings, LLC

(Last) (First) (Middle)

ONE GREENWICH PLAZA

SUITE 130

(Street)

GREENWICH CT 06830

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Four Leaf Acquisition Corp [ FORL ]

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)
08/15/2025

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

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

	Form filed by One Reporting Person
X	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
Class A Common Stock	08/15/2025		S		197,861	D	$11.62	0	I	AQR Global Alternative Investment Offshore Fund, L.P.(1)(2)
Class A Common Stock	08/15/2025		S		93,095	D	$11.62	0	I	AQR Diversified Arbitrage Fund(1)
Class A Common Stock	08/15/2025		S		26,568	D	$11.62	0	I	AQR Apex MS Master Account, L.P.(1)(2)
Class A Common Stock	08/15/2025		S		20,743	D	$11.62	0	I	AQR TA Global Alpha Fund, L.P.(1)(2)
Class A Common Stock	08/15/2025		S		12,209	D	$11.62	0	I	AQR UCITS Funds - AQR Corporate Arbitrage UCITS Fund(1)
Class A Common Stock	08/15/2025		S		6,291	D	$11.62	0	I	AQR Corporate Arbitrage Master Account, L.P.(1)(2)
Class A Common Stock	08/15/2025		S		6,079	D	$11.62	0	I	AQR Absolute Return Master Account, L.P.(1)(2)
Class A Common Stock	08/15/2025		S		3,626	D	$11.62	0	I	AQR TA Legacy Fund, LLC.(1)(2)
Class A Common Stock	08/15/2025		S		60	D	$11.62	0	I	AQR Arbitrage MA Offshore Fund, L.P.(1)(2)

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^*

AQR Capital Management Holdings, LLC

(Last) (First) (Middle)

ONE GREENWICH PLAZA

SUITE 130

(Street)

GREENWICH CT 06830

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

AQR CAPITAL MANAGEMENT LLC

(Last) (First) (Middle)

ONE GREENWICH PLAZA

SUITE 130

(Street)

GREENWICH CT 06830

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

AQR Arbitrage LLC

(Last) (First) (Middle)

ONE GREENWICH PLAZA

SUITE 130

(Street)

GREENWICH CT 06830

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

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

Explanation of Responses:

1. AQR Capital Management, LLC is a wholly owned subsidiary of AQR Capital Management Holdings, LLC. AQR Arbitrage, LLC is deemed to be controlled by AQR Capital Management, LLC. AQR Capital Management, LLC and AQR Arbitrage, LLC act as investment manager to each of AQR Global Alternative Investment Offshore Fund, L.P., AQR Corporate Arbitrage Master Account, L.P., AQR TA Global Alpha Fund, L.P., AQR Absolute Return Master Account, L.P., AQR Apex MS Master Account, L.P., AQR TA Legacy Fund, LLC, AQR Arbitrage MA Offshore Fund, L.P. AQR Capital Management, LLC serves as the investment manager, and AQR Arbitrage, LLC as sub-advisor, to the AQR Diversified Arbitrage Fund, an open-end registered investment company, and to the AQR UCITS Funds - AQR Corporate Arbitrage UCITS Fund.

2. AQR Capital Management GP Ltd. is the general partner of AQR Global Alternative Investment Offshore Fund, L.P. AQR Corporate Arbitrage GP, LLC is the general partner of AQR Corporate Arbitrage Master Account, L.P. AQR Tax Advantaged GP II, LLC is the general partner of AQR TA Global Alpha Fund, L.P. AQR Principal Global Asset Allocation, LLC is the general partner of AQR Absolute Return Master Account, L.P. AQR Apex MS GP, LLC is the general partner of AQR Apex MS Master Account, L.P. AQR Capital Management II, LLC is the general partner of AQR TA Legacy Fund, LLC. CNH Principal Partners I, LLC is the general partner of AQR Arbitrage MA Offshore Fund, L.P.

	/s/ AQR CAPITAL MANAGEMENT HOLDINGS, LLC, /s/ Henry Parkin, Authorized Signatory	08/19/2025
	/s/ AQR CAPITAL MANAGEMENT, LLC, /s/ Henry Parkin, Authorized Signatory	08/19/2025
	/s/ AQR ARBITRAGE, LLC, /s/ Henry Parkin, Authorized Signatory	08/19/2025
	** 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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** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What did AQR report on the Form 4 for Four Leaf Acquisition Corp (FORLW)?

The filing reports sales on 08/15/2025 of Class A common stock totaling 366,532 shares at $11.62 per share, leaving 0 shares beneficially owned for the listed accounts.

Which AQR entities filed the Form 4 for FORLW?

The filing was submitted by AQR Capital Management Holdings, LLC, AQR Capital Management, LLC and AQR Arbitrage, LLC, each signed by Henry Parkin.

When were the transactions executed according to the Form 4?

The earliest transaction date reported on the Form 4 is 08/15/2025.

What ownership form did the filing indicate after the transactions?

For each listed fund or account the filing shows an ownership form of indirect (I) and an amount of 0 shares following the reported transactions.

Does the Form 4 explain the relationships among the AQR entities and the funds?

Yes. The explanatory section details which AQR entities act as investment manager or sub-advisor and identifies the general partners for the listed funds.