Plum Acquisition IV sponsor converts 5.65M Class B shares
Plum Acquisition Corp IV reported that Plum Partners IV, LLC, its sponsor managed by CEO Kanishka Roy, elected on July 9, 2026 to convert 5,649,999 Class B ordinary shares into an equal number of Class A ordinary shares.
Rhea-AI Filing Summary
Plum Acquisition Corp IV reported that Plum Partners IV, LLC, its sponsor managed by CEO Kanishka Roy, elected on July 9, 2026 to convert 5,649,999 Class B ordinary shares into an equal number of Class A ordinary shares. Following this conversion, the sponsor reports indirect ownership of 6,659,999 Class A shares and only one remaining Class B share, while an earlier transfer of 25,000 Class B shares by the sponsor compensated director Aidin Aghamiri. The securities are held directly by the sponsor; as managing member, Roy may be deemed to beneficially own them but disclaims ownership beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,649,999 shares exercised/converted
Exercise
3 txns
Insider
Roy Kanishka
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B ordinary shares F1, F4, F2 | 5,649,999 | $0.00 | $0.00 |
| Conversion | Class A ordinary shares F1, F2 | 5,649,999 | -- | -- |
| Other | Class B ordinary shares F1, F3, F2 | 25,000 | $0.00 | $0.00 |
Holdings After Transaction:
Class B ordinary shares — 1 contracts (Indirect, See footnote);
Class A ordinary shares — 6,659,999 shares (Indirect, See footnote)
Footnotes (4)
- F1. Each Class B ordinary share, par value $0.0001, ("Class B Shares") will automatically convert into Class A ordinary shares, par value $0.0001, of the Issuer ("Class A Shares") at a ratio of no less than one-to-one following the consummation of the Issuer's initial business combination, or earlier at the option of the holder thereof, subject to adjustment as set forth in the Issuer's registration statement on Form S-1 (File No. 333-281144). The Class B Shares have no expiration date.
- F2. The securities are held directly by Plum Partners IV, LLC (the "Sponsor"). Kanishka Roy, the Issuer's Chairman and Chief Executive Officer, is the managing member of the Sponsor, therefore, he may be deemed to have beneficial ownership of the securities held directly by the Sponsor. Mr. Roy disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
- F3. Represents the Class B Shares transferred by the Sponsor to Aidin Aghamiri for services as a director.
- F4. The reported Class B Shares converted into Class A Shares pursuant to an election by the Sponsor.
Key Figures
Class B shares converted: 5649999 shares
Class A shares held indirectly: 6659999 shares
Remaining Class B shares: 1 share
+3 more
6 metrics
Class B shares converted
5649999 shares
Class B ordinary shares converted into Class A on July 9, 2026
Class A shares held indirectly
6659999 shares
Indirect Class A ordinary share holdings reported after conversion
Remaining Class B shares
1 share
Class B ordinary shares reported as remaining after the conversion
Prior Class B transfer
25000 shares
Class B shares transferred by sponsor to director Aidin Aghamiri on April 25, 2025
Par value per share
$0.0001
Par value for both Class A and Class B ordinary shares
Conversion ratio floor
no less than one-to-one
Minimum conversion ratio of Class B shares into Class A shares
Key Terms
Class B ordinary shares, initial business combination, pecuniary interest, beneficial ownership, +1 more
5 terms
initial business combination financial
"following the consummation of the Issuer's initial business combination, or earlier at the option"
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.
pecuniary interest financial
"Mr. Roy disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest"
beneficial ownership financial
"therefore, he may be deemed to have beneficial ownership of the securities held directly"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
conversion of derivative security financial
"The reported Class B Shares converted into Class A Shares pursuant to an election by the Sponsor."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did PLMK report on July 9, 2026?
Plum Acquisition Corp IV reported that its sponsor converted 5,649,999 Class B shares into the same number of Class A ordinary shares. The move was reported as a conversion of derivative security, not an open-market purchase or sale.
AI-generated analysis. How Rhea-AI works. Not financial advice.
