Plum Acquisition Corp IV director converts 25,000 shares
Plum Acquisition Corp IV director Aidin Aghamiri elected to convert 25,000 Class B ordinary shares into 25,000 Class A ordinary shares on 2026-07-09 through a derivative conversion.
Rhea-AI Filing Summary
Plum Acquisition Corp IV director Aidin Aghamiri elected to convert 25,000 Class B ordinary shares into 25,000 Class A ordinary shares on 2026-07-09 through a derivative conversion. The Class B shares are structured to automatically convert into Class A shares after the issuer’s initial business combination or earlier at the holder’s option and have no expiration date. Following this transaction, Aghamiri holds 25,000 Class A ordinary shares directly and no Class B shares, with the derivative conversion recorded at a price of $0.0000 per share.
Positive
- None.
Negative
- None.
Insider Trade Summary
25,000 shares exercised/converted
Exercise
2 txns
Insider
Aghamiri Aidin
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B ordinary shares F1, F2 | 25,000 | $0.00 | $0.00 |
| Conversion | Class A ordinary shares F1 | 25,000 | -- | -- |
Holdings After Transaction:
Class B ordinary shares — 0 contracts (Direct);
Class A ordinary shares — 25,000 shares (Direct)
Footnotes (2)
- 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 reported Class B Shares converted into Class A Shares pursuant to an election by the Reporting Person.
Key Figures
Class B shares converted: 25000.0000 shares
Class A shares received: 25000.0000 shares
Conversion price: $0.0000 per share
+2 more
5 metrics
Class B shares converted
25000.0000 shares
Class B ordinary shares converted into Class A ordinary shares on 2026-07-09
Class A shares received
25000.0000 shares
Class A ordinary shares acquired through conversion of derivative security
Conversion price
$0.0000 per share
Recorded transaction price per share for the derivative Class B to Class A conversion
Class A shares held after
25000.0000 shares
Total Class A ordinary shares directly owned by the reporting person after the transaction
Class B shares held after
0.0000 shares
Total Class B ordinary shares remaining after full conversion into Class A shares
Key Terms
Class B ordinary shares, Class A ordinary shares, initial business combination, registration statement on Form S-1, +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.
registration statement on Form S-1 regulatory
"subject to adjustment as set forth in the Issuer's registration statement on Form S-1 (File No. 333-281144)"
A registration statement on Form S-1 is a detailed filing a company submits to the U.S. securities regulator to register new shares for public sale; it includes a plain-language prospectus, financial statements, business description and risk factors. For investors it matters because it provides the official, comprehensive blueprint of the offering — like an owner’s manual — allowing buyers to assess risks, inspect financial health and compare valuation before deciding to invest.
Conversion of derivative security financial
"transaction_code_description": "Conversion of derivative security""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Aidin Aghamiri report for PLMK?
Aidin Aghamiri reported a derivative conversion, electing to convert 25,000 Class B ordinary shares into 25,000 Class A ordinary shares of Plum Acquisition Corp IV (PLMK) on 2026-07-09, rather than buying or selling shares in the open market.
Was Aidin Aghamiri’s PLMK Form 4 a market purchase or sale?
The Form 4 for PLMK shows no open-market purchase or sale. It reports a conversion of derivative security, where 25,000 Class B ordinary shares automatically converted into 25,000 Class A ordinary shares pursuant to Aghamiri’s election.
What triggered the Class B to Class A conversion in PLMK for this insider?
The filing states that the reported Class B ordinary shares converted into Class A ordinary shares pursuant to an election by the Reporting Person, Aidin Aghamiri, under the share terms that allow earlier conversion at the holder’s option.
AI-generated analysis. How Rhea-AI works. Not financial advice.
