Graf Global sponsor converts 5.66M Class B to Class A

Graf Global Sponsor LLC, associated with Graf Global Corp., converted Class B founder shares into publicly traded Class A ordinary shares.

Rhea-AI Filing Summary

Graf Global Sponsor LLC, associated with Graf Global Corp., converted Class B founder shares into publicly traded Class A ordinary shares. On June 18, 2026, the sponsor elected to convert 5,659,999 Class B ordinary shares into 5,659,999 Class A ordinary shares on a one-for-one basis for no consideration.

The Class B ordinary shares are convertible into Class A shares at the holder’s election or automatically at the closing of the company’s initial business combination, subject to anti-dilution adjustments. After the transaction, the sponsor held 5,659,999 Class A shares and 1 Class B share of Graf Global Corp.

Insider Trade Summary

5,659,999 shares exercised/converted

Exercise 2 txns

Insider Graf Global Sponsor LLC, Graf James A

Role Director, 10% Owner | CEO and CFO

Type	Security	Shares	Price	Value
Conversion	Class B Ordinary Shares	5,659,999	$0.00	$0.00
Conversion	Class A Ordinary Shares	5,659,999	$0.00	$0.00

Holdings After Transaction: Class B Ordinary Shares — 1 contracts (Direct); Class A Ordinary Shares — 5,659,999 shares (Direct)

Footnotes (3)

1. F1. On June 18, 2026, the Reporting Person elected to convert 5,659,999 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.
3. F3. Graf Global Sponsor LLC is the record holder of the securities reported herein. James A. Graf is the sole managing member of Graf Global Sponsor LLC. Mr. Graf has voting and investment discretion with respect to the securities held of record by Graf Global Sponsor LLC.

Key Figures

Converted shares: 5,659,999 Class B shares Class A received: 5,659,999 Class A shares Class A held after: 5,659,999 Class A shares +2 more

5 metrics

Converted shares 5,659,999 Class B shares Converted into Class A on June 18, 2026

Class A received 5,659,999 Class A shares One-for-one conversion, no consideration

Class A held after 5,659,999 Class A shares Total direct holdings following conversion

Class B remaining 1 Class B share Class B holdings following conversion

Par value $0.0001 per share Par value of Class A and Class B ordinary shares

Key Terms

Class A Ordinary Shares, Class B Ordinary Shares, Conversion of derivative security, anti-dilution rights, +1 more

5 terms

Class A Ordinary Shares financial

"convert 5,659,999 Class B ordinary shares ... into Class A ordinary shares"

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.

Class B Ordinary Shares financial

"5,659,999 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.

Conversion of derivative security financial

"transaction_code_description": "Conversion of derivative security""

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.

FAQ

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

What insider transaction did Graf Global Sponsor LLC report for GRAF on June 18, 2026?

Graf Global Sponsor LLC reported converting 5,659,999 Class B ordinary shares into 5,659,999 Class A ordinary shares on June 18, 2026. The conversion was on a one-for-one basis and occurred for no cash consideration, reflecting a change in share class rather than a market trade.

How many Graf Global Corp. Class A shares does the sponsor hold after this Form 4?

After the conversion, the sponsor holds 5,659,999 Class A ordinary shares of Graf Global Corp. It also retains 1 remaining Class B ordinary share. The Form 4 shows these as directly owned, with James A. Graf having voting and investment discretion over the sponsor’s holdings.

What are Graf Global Corp. Class B ordinary shares and how are they convertible?

Graf Global Corp. Class B ordinary shares are founder shares convertible into Class A ordinary shares on a one-for-one basis. They convert at the holder’s election or automatically at closing of the initial business combination, subject to anti-dilution adjustments, and have no stated expiration date according to the filing.

Did Graf Global Corp.’s sponsor pay cash to convert Class B into Class A shares?

No cash was paid to convert the shares. The sponsor elected to convert 5,659,999 Class B ordinary shares into an equal number of Class A ordinary shares for no consideration. This reflects an internal capital structure change rather than a purchase or sale in the open market.

What role does James A. Graf have in relation to Graf Global Sponsor LLC’s GRAF holdings?

James A. Graf is the sole managing member of Graf Global Sponsor LLC and is a director, CEO, and CFO of Graf Global Corp. The filing states he has voting and investment discretion over the securities held of record by the sponsor, linking his authority to the reported share conversion.

Does this Graf Global Corp. Form 4 involve buying or selling GRAF shares on the market?

The Form 4 reflects a conversion, not market buying or selling. It records the sponsor’s election to convert 5,659,999 Class B ordinary shares into 5,659,999 Class A ordinary shares for no consideration, which is classified as a derivative security conversion rather than an open-market trade.

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

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Accepted by SEC EDGAR 06/22/2026 - 04:48 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^*

Graf Global Sponsor LLC

(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	X	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)

	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 Ordinary Shares	06/18/2026		C		5,659,999(1)	A	(1)	5,659,999	D(3)

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			5,659,999	(2)	(2)	Class A Ordinary Shares	5,659,999	$0.00(1)	1	D(3)

1. Name and Address of Reporting Person^*

Graf Global Sponsor LLC

(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)

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^*

Graf James A

(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)

Relationship of Reporting Person(s) to Issuer

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

Explanation of Responses:

1. On June 18, 2026, the Reporting Person elected to convert 5,659,999 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.

3. Graf Global Sponsor LLC is the record holder of the securities reported herein. James A. Graf is the sole managing member of Graf Global Sponsor LLC. Mr. Graf has voting and investment discretion with respect to the securities held of record by Graf Global Sponsor LLC.

	/s/ James A. Graf, Managing Member, Graf Global Sponsor LLC	06/22/2026
	/s/ James A. Graf	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)