STOCK TITAN

Form 4: AQR Capital Management reports sale transactions in IBAC

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4

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.

Positive

  • None.

Negative

  • None.
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.)
Footnotes (1)
  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. 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.
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.

FAQ

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.