Graf Global (GRAF) director converts 30,000 Class B shares into Class A stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Graf Global Corp. director Kenneth Weinstein converted 30,000 Class B 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 holds 30,000 Class A shares directly and no Class B shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
30,000 shares exercised/converted
Mixed
2 txns
Insider
Weinstein Kenneth
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Ordinary Shares | 30,000 | $0.00 | -- |
| Conversion | Class A Ordinary Shares | 30,000 | $0.00 | -- |
Holdings After Transaction:
Class B Ordinary Shares — 0 shares (Direct, null);
Class A Ordinary Shares — 30,000 shares (Direct, null)
Footnotes (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. 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
Shares converted: 30,000 shares
Class A holdings after: 30,000 shares
Class B holdings after: 0 shares
+1 more
4 metrics
Shares converted
30,000 shares
Class B to Class A conversion on June 18, 2026
Class A holdings after
30,000 shares
Total Class A Ordinary Shares held directly after conversion
Class B holdings after
0 shares
Class B Ordinary Shares remaining after conversion
Par value per share
$0.0001 per share
Par value of both 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
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
What insider transaction did Graf Global Corp. (GRAF) report for Kenneth Weinstein?
Graf Global Corp. reported that director Kenneth Weinstein converted 30,000 Class B Ordinary Shares into 30,000 Class A Ordinary Shares. The conversion occurred on June 18, 2026, on a one-for-one basis and did not involve any cash consideration or open-market trading.
Was the Graf Global Corp. (GRAF) Form 4 a stock purchase or sale?
The Form 4 does not show a purchase or sale; it reports a conversion of derivative securities. Specifically, 30,000 Class B Ordinary Shares were converted into 30,000 Class A Ordinary Shares for no consideration, meaning no cash changed hands in connection with this transaction.
Did this Graf Global Corp. (GRAF) insider transaction involve derivative securities?
Yes. The Form 4 classifies the Class B Ordinary Shares as derivative securities convertible into Class A Ordinary Shares. The June 18, 2026 transaction, coded “C” for conversion, reflects a derivative conversion rather than a new equity purchase or sale in the open market.
What does “no consideration” mean in this Graf Global Corp. (GRAF) Form 4?
“No consideration” means the holder did not pay additional cash or receive cash to complete the conversion. In this case, 30,000 Class B Ordinary Shares were simply exchanged for 30,000 Class A Ordinary Shares under pre-defined terms, without any separate purchase or sale price.