IBAC Form 4 reports sale transactions

AQR Capital Management Holdings, LLC reported open-market sale transactions in a Form 4 filing for IBAC.

Rhea-AI Filing Summary

AQR Capital Management Holdings, LLC reported open-market sale transactions in a Form 4 filing for IBAC. The filing lists transactions totaling 4,400 shares at a weighted average price of $10.50 per share. Following the reported transactions, holdings were 361,913 shares.

Insider Trade Summary

Net Seller: 4,400 shares

Net Sell 11 txns

Insider AQR Capital Management Holdings, LLC, AQR CAPITAL MANAGEMENT LLC, AQR Arbitrage LLC

Role 10% Owner | 10% Owner | 10% Owner

Sold 4,400 shs ($46K)

Type	Security	Shares	Price	Value
Sale	Common Stock	1,800	$10.50	$19K
Sale	Common Stock	732	$10.50	$8K
Sale	Common Stock	524	$10.50	$6K
Sale	Common Stock	390	$10.50	$4K
Sale	Common Stock	345	$10.50	$4K
Sale	Common Stock	327	$10.50	$3K
Sale	Common Stock	135	$10.50	$1K
Sale	Common Stock	82	$10.50	$861.00
Sale	Common Stock	30	$10.50	$315.00
Sale	Common Stock	21	$10.50	$220.50
Sale	Common Stock	14	$10.50	$147.00

Holdings After Transaction: Common Stock — 361,913 shares (Indirect, AQR Global Alternative Investment Offshore Fund, L.P.); Common Stock — 147,238 shares (Indirect, AQR Diversified Arbitrage Fund); Common Stock — 105,275 shares (Indirect, AQR Absolute Return Master Account, L.P.); Common Stock — 78,380 shares (Indirect, AQR Apex MS Master Account, L.P.); Common Stock — 69,257 shares (Indirect, AQR TA Global Alpha Fund, L.P.); Common Stock — 65,790 shares (Indirect, AQR Corporate Arbitrage Master Account, L.P.); Common Stock — 27,213 shares (Indirect, AQR TA Legacy Fund, LLC); Common Stock — 16,421 shares (Indirect, AQR UCITS Funds - AQR Apex UCITS Fund); Common Stock — 5,932 shares (Indirect, AQR DELTA Master Account, L.P.); Common Stock — 4,256 shares (Indirect, AQR UCITS Funds - AQR Corporate Arbitrage UCITS Fund); Common Stock — 2,777 shares (Indirect, AQR Arbitrage MA Offshore Fund, L.P.)

Footnotes (2)

1. F1. 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 DELTA Master Account, L.P., 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, to AQR UCITS Funds - AQR Apex UCITS Fund, and to AQR UCITS Funds - AQR Corporate Arbitrage UCITS Fund.
2. F2. 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. AQR Capital Management III, LLC is the general partner of AQR DELTA Master Account, L.P.

FAQ

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

What insider activity did IBAC report involving AQR entities?

IB Acquisition Corp. reported multiple indirect insider sales by AQR-managed funds. On October 2, 2025, various AQR funds sold small blocks of common stock in open-market trades at $10.50 per share, with remaining shareholdings for each fund disclosed.

Which AQR fund sold the largest IBAC position and how many shares?

AQR Global Alternative Investment Offshore Fund, L.P. sold the largest block, disposing of 1,800 IB Acquisition Corp. shares. The sale was executed at $10.50 per share, and the fund reported holding 361,913 IBAC common shares indirectly after this transaction.

How were AQR’s IBAC share sales structured in this Form 4?

All reported IB Acquisition Corp. trades were indirect sales by AQR-managed funds and accounts. Each transaction used code “S” for open-market sale, with prices of $10.50 per share, and separate post-transaction share balances listed for each involved AQR vehicle.

Which AQR funds besides Global Alternative Investment Offshore Fund traded IBAC shares?

Other participating vehicles included AQR Diversified Arbitrage Fund, AQR Absolute Return Master Account, L.P., AQR Apex MS Master Account, L.P., AQR TA Global Alpha Fund, L.P., AQR Corporate Arbitrage Master Account, L.P., AQR TA Legacy Fund, LLC, and several UCITS and offshore arbitrage funds.

Did AQR’s IBAC trades involve derivative securities or only common stock?

The filing reports transactions only in IB Acquisition Corp. common stock. The table for derivative securities contains no entries, indicating no reported options, warrants, or other derivatives were acquired or disposed of in this particular Form 4 submission.

Who are the reporting persons on the IBAC Form 4 linked to AQR?

The reporting persons are AQR Capital Management Holdings, LLC, AQR Capital Management, LLC, and AQR Arbitrage, LLC. These entities are disclosed as 10% owners and investment managers or sub-advisors for the AQR funds and accounts that executed the IB Acquisition Corp. share sales.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 10/06/2025 - 04:03 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^*

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
IB Acquisition Corp. [ IBAC ]

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)
10/02/2025

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
Common Stock	10/02/2025		S		1,800	D	$10.5	361,913	I	AQR Global Alternative Investment Offshore Fund, L.P.(1)(2)
Common Stock	10/02/2025		S		732	D	$10.5	147,238	I	AQR Diversified Arbitrage Fund(1)
Common Stock	10/02/2025		S		524	D	$10.5	105,275	I	AQR Absolute Return Master Account, L.P.(1)(2)
Common Stock	10/02/2025		S		390	D	$10.5	78,380	I	AQR Apex MS Master Account, L.P.(1)(2)
Common Stock	10/02/2025		S		345	D	$10.5	69,257	I	AQR TA Global Alpha Fund, L.P.(1)(2)
Common Stock	10/02/2025		S		327	D	$10.5	65,790	I	AQR Corporate Arbitrage Master Account, L.P.(1)(2)
Common Stock	10/02/2025		S		135	D	$10.5	27,213	I	AQR TA Legacy Fund, LLC(1)(2)
Common Stock	10/02/2025		S		82	D	$10.5	16,421	I	AQR UCITS Funds - AQR Apex UCITS Fund(1)
Common Stock	10/02/2025		S		30	D	$10.5	5,932	I	AQR DELTA Master Account, L.P.(1)(2)
Common Stock	10/02/2025		S		21	D	$10.5	4,256	I	AQR UCITS Funds - AQR Corporate Arbitrage UCITS Fund(1)
Common Stock	10/02/2025		S		14	D	$10.5	2,777	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 DELTA Master Account, L.P., 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, to AQR UCITS Funds - AQR Apex UCITS Fund, and to 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. AQR Capital Management III, LLC is the general partner of AQR DELTA Master Account, L.P.

	/s/ AQR CAPITAL MANAGEMENT HOLDINGS, LLC, /s/ Henry Parkin, Authorized Signatory	10/06/2025
	/s/ AQR CAPITAL MANAGEMENT, LLC, /s/ Henry Parkin, Authorized Signatory	10/06/2025
	/s/ AQR ARBITRAGE, LLC, /s/ Henry Parkin, Authorized Signatory	10/06/2025
	** 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.