Pinnacle Acquisition Corp (PNAQ) director purchases 35,000 IPO shares at $10

Rhea-AI Filing Summary

Pinnacle Acquisition Corp director Stoyan Paul J. reported purchasing 35,000 Class A Ordinary Shares on 2026-08-10 at $10.00 per share. The footnote states this reflects a purchase in the company’s initial public offering, and his directly held stake after the transaction is 35,000 shares.

Insider Trade Summary

Net Buyer: 35,000 shares

Net Buy 1 txn

Insider Stoyan Paul J.

Role Director

Bought 35,000 shs ($350K)

Type	Security	Shares	Price	Value
Purchase	Class A Ordinary Shares F1	35,000	$10.00	$350K

Holdings After Transaction: Class A Ordinary Shares — 35,000 shares (Direct)

Footnotes (1)

1. F1. Reflects purchase of the Issuer's securities in the Issuer's initial public offering.

Key Figures

Shares purchased: 35,000 shares Purchase price: $10.00 per share Holdings after transaction: 35,000 shares

3 metrics

Shares purchased 35,000 shares Class A Ordinary Shares bought on 2026-08-10

Purchase price $10.00 per share Price paid for Class A Ordinary Shares on 2026-08-10

Holdings after transaction 35,000 shares Total direct Class A Ordinary Shares held by Stoyan Paul J. after purchase

Key Terms

Class A Ordinary Shares, initial public offering, open market or private transaction

3 terms

Class A Ordinary Shares financial

"security_title: "Class A Ordinary Shares""

Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.

initial public offering financial

"Reflects purchase of the Issuer's securities in the Issuer's initial public offering"

An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.

open market or private transaction financial

"transaction_code_description: "Purchase in open market or private transaction""

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 08/12/2026 - 07:02 PM Accepted by SEC EDGAR 08/12/2026 - 07:02 PM Learn about SEC filing dates

FAQ

What insider transaction did Pinnacle Acquisition Corp (PNAQ) report on this Form 4?

Director Stoyan Paul J. reported a purchase of 35,000 Class A Ordinary Shares on 2026-08-10. The shares were acquired at $10.00 per share in connection with Pinnacle Acquisition Corp’s initial public offering.

How many Pinnacle Acquisition Corp (PNAQ) shares does Stoyan Paul J. hold after this transaction?

After the reported transaction, Stoyan Paul J. holds 35,000 Class A Ordinary Shares directly. The Form 4 lists this amount as his total direct holdings following the 2026-08-10 purchase in the initial public offering.

What was the purchase price for the PNAQ shares bought by Stoyan Paul J.?

The shares were purchased at $10.00 per share. The Form 4 characterizes the transaction as a purchase in the issuer’s initial public offering, involving 35,000 Class A Ordinary Shares acquired at that price.

Was the Pinnacle Acquisition Corp (PNAQ) insider transaction under a Rule 10b5-1 plan?

The filing’s Rule 10b5-1 checkbox is not affirmed for this transaction. There is no footnote indicating that the 35,000-share purchase on 2026-08-10 was executed pursuant to a pre-arranged trading plan.

What type of security did Stoyan Paul J. acquire in Pinnacle Acquisition Corp (PNAQ)?

He acquired Class A Ordinary Shares of Pinnacle Acquisition Corp. The Form 4 records a single non-derivative transaction, describing a purchase of 35,000 of these shares in the company’s initial public offering.

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^*

Stoyan Paul J.

(Last) (First) (Middle)

C/O PINNACLE ACQUISITION CORPORATION

375 SOUTH COUNTY ROAD, SUITE 220

(Street)

PALM BEACH FLORIDA 33480

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Pinnacle Acquisition Corp [ PNAQ ]

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)
08/10/2026

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)
			Code	V	Amount	(A) or (D)	Price
Class A Ordinary Shares	08/10/2026	08/10/2026	P		35,000(1)	A	$10	35,000	D

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

Explanation of Responses:

1. Reflects purchase of the Issuer's securities in the Issuer's initial public offering.

	/s/ Paul Stoyan	08/12/2026
	** 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)