Legato Merger Corp. IV (LEGO) director’s affiliate sells 40,000 shares

Q: What insider transaction did Legato Merger Corp. IV (LEGO) disclose for Brian Pratt?

Legato Merger Corp. IV reported that director Brian Pratt , via Pratt Capital, LLC , sold 40,000 Ordinary Shares on 2026-07-27 at $0.003 per share . The filing characterizes this as a sale in an open market or private transaction.

Q: Is Brian Pratt’s ownership in Legato Merger Corp. IV (LEGO) direct or indirect?

The reported holdings in this Form 4 are indirect , held "By Pratt Capital, LLC" , which is described as an affiliate of Mr. Pratt . The ownership type is coded as indirect, meaning the shares are held through this affiliated entity rather than directly by him.

Q: How are units referenced in Brian Pratt’s LEGO Form 4 filing?

The filing notes that the post-transaction holding of 1,160,000 Ordinary Shares includes 150,000 shares contained within units . This indicates that part of the reported indirect ownership is embedded in securities structured as units rather than standalone Ordinary Shares.

Q: Does the Brian Pratt Form 4 for LEGO indicate use of a Rule 10b5-1 plan?

The document-level Rule 10b5-1 checkbox is reported as false , and no footnote states that this sale occurred under a trading plan. The transaction is therefore disclosed simply as a sale in open market or private transaction without plan-related language.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Legato Merger Corp. IV director Brian Pratt, through his affiliate Pratt Capital, LLC, reported a sale of 40,000 Ordinary Shares on 2026-07-27 at $0.003 per share in an open market or private transaction. Following this sale, Pratt Capital, LLC held 1,160,000 Ordinary Shares indirectly for Mr. Pratt, including 150,000 shares contained within units.

Insider Trade Summary

Net Seller: 40,000 shares

Net Sell 1 txn

Insider Pratt Brian

Role Director

Sold 40,000 shs ($120.00)

Type	Security	Shares	Price	Value
Sale	Ordinary Shares ^{F1, F2}	40,000	$0.003	$120.00

Holdings After Transaction: Ordinary Shares — 1,160,000 shares (Indirect, By Pratt Capital, LLC)

Footnotes (2)

F1. Includes 150,000 shares contained within units.
F2. Pratt Capital, LLC is an affiliate of Mr. Pratt.

Key Figures

Shares sold: 40,000 shares Sale price per share: $0.003 Shares owned after transaction: 1,160,000 shares +1 more

4 metrics

Shares sold 40,000 shares Ordinary Shares sold on 2026-07-27 by Pratt Capital, LLC, an affiliate of Brian Pratt

Sale price per share $0.003 Price per Ordinary Share in the reported sale transaction

Shares owned after transaction 1,160,000 shares Indirect Ordinary Shares held by Pratt Capital, LLC following the sale

Shares contained within units 150,000 shares Portion of post-transaction holdings represented by shares contained within units

Key Terms

indirect ownership, units, affiliate

3 terms

indirect ownership financial

"Ownership type is indirect and held "By Pratt Capital, LLC" for Mr. Pratt"

units financial

"Includes 150,000 shares contained within units."

Units are bundled securities sold as one package in a financing—commonly a share paired with an instrument that gives the holder the right to buy more shares later. For investors this matters because a unit’s extra component can change future supply of shares and potential returns, similar to buying a combo with a coupon that can be redeemed later and alter what you actually receive and what others might own.

affiliate financial

"Pratt Capital, LLC is an affiliate of Mr. Pratt."

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/29/2026 - 09:11 AM Accepted by SEC EDGAR 07/29/2026 - 09:10 AM

FAQ

What insider transaction did Legato Merger Corp. IV (LEGO) disclose for Brian Pratt?

Legato Merger Corp. IV reported that director Brian Pratt, via Pratt Capital, LLC, sold 40,000 Ordinary Shares on 2026-07-27 at $0.003 per share. The filing characterizes this as a sale in an open market or private transaction.

How many Legato Merger Corp. IV (LEGO) shares did Brian Pratt retain after the sale?

After the reported transaction, an entity affiliated with Brian Pratt, Pratt Capital, LLC, held 1,160,000 Ordinary Shares of Legato Merger Corp. IV indirectly. This post-transaction amount includes 150,000 shares contained within units as noted in the filing footnotes.

What was the sale price in Brian Pratt’s Form 4 transaction for LEGO?

The reported sale price for Brian Pratt’s indirect transaction in Legato Merger Corp. IV was $0.003 per Ordinary Share. The Form 4 describes the code as a sale in open market or private transaction, with pricing data presented on a per-share basis.

Is Brian Pratt’s ownership in Legato Merger Corp. IV (LEGO) direct or indirect?

The reported holdings in this Form 4 are indirect, held "By Pratt Capital, LLC", which is described as an affiliate of Mr. Pratt. The ownership type is coded as indirect, meaning the shares are held through this affiliated entity rather than directly by him.

How are units referenced in Brian Pratt’s LEGO Form 4 filing?

The filing notes that the post-transaction holding of 1,160,000 Ordinary Shares includes 150,000 shares contained within units. This indicates that part of the reported indirect ownership is embedded in securities structured as units rather than standalone Ordinary Shares.

Does the Brian Pratt Form 4 for LEGO indicate use of a Rule 10b5-1 plan?

The document-level Rule 10b5-1 checkbox is reported as false, and no footnote states that this sale occurred under a trading plan. The transaction is therefore disclosed simply as a sale in open market or private transaction without plan-related language.

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^*

Pratt Brian

(Last)

(First)

(Middle)

777 THIRD AVENUE, 37TH FLOOR

(Street)

NEW YORK

10017

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Legato Merger Corp. IV [ LEGO ]

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)
07/27/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Ordinary Shares	07/27/2026		S		40,000	D	$0.003	1,160,000⁽¹⁾	I	By Pratt Capital, LLC⁽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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Includes 150,000 shares contained within units.

2. Pratt Capital, LLC is an affiliate of Mr. Pratt.

	/s/ Brian Pratt	07/29/2026
	** 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)

Source: View Original Filing on SEC EDGAR