Graf Global director converts 30,000 Class B shares

Graf Global Corp. director Louis Belanger-Martin converted 30,000 Class B Ordinary Shares into 30,000 Class A Ordinary Shares on June 18, 2026.

Rhea-AI Filing Summary

Graf Global Corp. director Louis Belanger-Martin converted 30,000 Class B Ordinary Shares into 30,000 Class A Ordinary Shares on June 18, 2026. The conversion was on a one-for-one basis for no cash consideration.

Following the transaction, he directly holds 30,000 Class A Ordinary Shares and no Class B Ordinary Shares. The footnotes state that Class B shares are convertible into Class A shares one-for-one and automatically convert at the closing of the issuer's initial business combination, subject to anti-dilution adjustments.

Insider Trade Summary

30,000 shares exercised/converted

Exercise 2 txns

Insider Belanger-Martin Louis

Role Director

Type	Security	Shares	Price	Value
Conversion	Class B Ordinary Shares	30,000	$0.00	$0.00
Conversion	Class A Ordinary Shares	30,000	$0.00	$0.00

Holdings After Transaction: Class B Ordinary Shares — 0 contracts (Direct); Class A Ordinary Shares — 30,000 shares (Direct)

Footnotes (2)

1. F1. On June 18, 2026, the Reporting Person elected to convert 30,000 Class B ordinary shares, par value $0.0001 per share ("Class B Ordinary Shares") of Graf Global 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. The Class B Ordinary Shares are convertible into Class A Ordinary Shares on a one-for-one basis (i) at the Reporting Person's election and (ii) automatically at the time of the closing of the Issuer's initial business combination, in each case subject to adjustment pursuant to certain anti-dilution rights, and have no expiration date.

Key Figures

Class B shares converted: 30,000 shares Class A shares received: 30,000 shares Conversion price: $0.0000 per share +1 more

4 metrics

Class B shares converted 30,000 shares Class B Ordinary Shares converted into Class A on June 18, 2026

Class A shares received 30,000 shares Class A Ordinary Shares held directly after conversion

Conversion price $0.0000 per share No cash consideration for the Class B to Class A conversion

Par value per share $0.0001 per share Par value of both Class A and Class B Ordinary Shares

Key Terms

Class B Ordinary Shares, Class A Ordinary Shares, anti-dilution rights, initial business combination

4 terms

Class B Ordinary Shares financial

"convert 30,000 Class B ordinary shares, par value $0.0001 per share"

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 financial

"into Class A ordinary shares of the Issuer, par value $0.0001"

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.

anti-dilution rights financial

"subject to adjustment pursuant to certain anti-dilution rights, and have no expiration date"

initial business combination financial

"automatically at the time of the closing of the Issuer's initial business combination"

An initial business combination is the deal in which a special-purpose acquisition company (SPAC) merges with or acquires an operating business to bring that business onto public markets. Think of the SPAC as an empty shell that raises money from investors, then uses that cash to buy a private company—this transaction turns the private company into a public one and often changes its ownership, valuation, and access to capital, so investors should watch for shifts in risk, future growth prospects, and shareholder rights.

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

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Accepted by SEC EDGAR 06/22/2026 - 04:43 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^*

Belanger-Martin Louis

(Last) (First) (Middle)

C/O GRAF GLOBAL CORP.

1790 HUGHES LANDING BLVD. SUITE 400

(Street)

THE WOODLANDS TEXAS 77380

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Graf Global Corp. [ GRAF ]

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)
06/18/2026

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	06/18/2026		C		30,000(1)	A	(1)	30,000	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
Class B Ordinary Shares	(1)	06/18/2026		C			30,000	(2)	(2)	Class A Ordinary Shares	30,000	$0.00(1)	0	D

Explanation of Responses:

1. On June 18, 2026, the Reporting Person elected to convert 30,000 Class B ordinary shares, par value $0.0001 per share ("Class B Ordinary Shares") of Graf Global 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. The Class B Ordinary Shares are convertible into Class A Ordinary Shares on a one-for-one basis (i) at the Reporting Person's election and (ii) automatically at the time of the closing of the Issuer's initial business combination, in each case subject to adjustment pursuant to certain anti-dilution rights, and have no expiration date.

	/s/ Louis Belanger-Martin	06/22/2026
	** 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)