Pinnacle Acquisition Corp (PNAQ) CEO reports 1.48M-share Class A purchase

Rhea-AI Filing Summary

Pinnacle Acquisition Corp Chief Executive Officer Steven K. Hudson reported purchases totaling 1,475,000 Class A Ordinary Shares on August 10, 2026 at $10.00 per share. This includes 225,000 shares held indirectly through PAC Sponsor, LLC as private placement units and 1,250,000 shares held directly, reflecting participation in the company’s initial public offering.

Insider Trade Summary

Net Buyer: 1,475,000 shares

Net Buy 2 txns

Insider Hudson Steven Kenneth

Role Chief Executive Officer

Bought 1,475,000 shs ($14.75M)

Type	Security	Shares	Price	Value
Purchase	Class A Ordinary Shares F1, F2	225,000	$10.00	$2.25M
Purchase	Class A Ordinary Shares F3	1,250,000	$10.00	$12.50M

Holdings After Transaction: Class A Ordinary Shares — 225,000 shares (Indirect, By PAC Sponsor, LLC); Class A Ordinary Shares — 1,275,000 shares (Direct)

Footnotes (3)

1. F1. Represents shares underlying the private placement units (each unit consisting of one Class A ordinary share one right to receive one-eighth (1/8) of one Class A ordinary share upon consummation of the Issuer's initial business combination) directly held by PAC Sponsor, LLC (the "Sponsor"), and which were acquired pursuant to a Private Placement Units Purchase Agreement by and between the Sponsor and Pinnacle Acquisition Corporation (the "Issuer"). Does not include previously reported ownership of 5,750,000 Class B ordinary shares, which shares will automatically convert into Class A ordinary shares at the time of the Issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to adjustment as described under the heading "Description of Securities--Founder Shares" in the Issuer's registration statement on Form S-1 (File No. 333-297618).
2. F2. Represents shares held by the Sponsor. Steven K. Hudson and AVR Capital Holdings, LLC, an affiliate of Andrew Rechtschaffen, are the co-managing members of the Sponsor and control the management of the Sponsor, including the exercise of voting and investment discretion over the securities held by the Sponsor. Mr. Hudson and AVR Capital Holdings, LLC disclaim any beneficial ownership of the reported shares other than to the extent of any pecuniary interest they may have therein, directly or indirectly.
3. F3. Reflects purchase of the Issuer's securities in the Issuer's initial public offering.

Key Figures

Total shares purchased: 1,475,000 Class A Ordinary Shares Purchase price: $10.00 per share Indirect shares via Sponsor: 225,000 shares +2 more

5 metrics

Total shares purchased 1,475,000 Class A Ordinary Shares Aggregate insider purchases on August 10, 2026

Purchase price $10.00 per share Price for both direct and indirect Class A share purchases

Indirect shares via Sponsor 225,000 shares Class A shares underlying private placement units held by PAC Sponsor, LLC

Direct IPO purchase 1,250,000 shares Class A shares purchased in Pinnacle Acquisition’s initial public offering

Direct holdings after transaction 1,275,000 shares Class A Ordinary Shares held directly by Steven K. Hudson following the IPO purchase

Key Terms

private placement units, initial public offering, pecuniary interest, beneficial ownership, +1 more

5 terms

private placement units financial

"Represents shares underlying the private placement units (each unit consisting of one Class A ordinary share…"

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.

pecuniary interest financial

"disclaim any beneficial ownership of the reported shares other than to the extent of any pecuniary interest…"

beneficial ownership financial

"disclaim any beneficial ownership of the reported shares other than to the extent of any pecuniary interest…"

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.

indirect ownership financial

"directly held by PAC Sponsor, LLC (the "Sponsor"), and which were acquired pursuant to a Private Placement…"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/12/2026 - 07:03 PM Accepted by SEC EDGAR 08/12/2026 - 07:02 PM Learn about SEC filing dates

FAQ

What insider purchases did PNAQ CEO Steven K. Hudson report on August 10, 2026?

Steven K. Hudson reported buying 1,475,000 Class A Ordinary Shares of PNAQ on August 10, 2026 at $10.00 per share through a combination of direct IPO purchases and indirect holdings via PAC Sponsor, LLC.

How many PNAQ shares does Steven K. Hudson now hold directly and indirectly?

After the reported transactions, Hudson holds 1,275,000 Class A Ordinary Shares directly and 225,000 shares indirectly through PAC Sponsor, LLC, as disclosed in the ownership tables and related footnotes.

Were Steven K. Hudson’s PNAQ share purchases made under a Rule 10b5-1 trading plan?

No. The disclosure indicates the Rule 10b5-1 checkbox is not selected, and there is no footnote stating these PNAQ transactions were executed pursuant to a pre-arranged Rule 10b5-1 trading plan.

What is the nature of Steven K. Hudson’s indirect ownership of PNAQ shares?

The 225,000 PNAQ shares are held by PAC Sponsor, LLC as private placement units. Hudson and AVR Capital Holdings, LLC co-manage the Sponsor and disclaim beneficial ownership except to the extent of any pecuniary interest.

How were some of the PNAQ shares acquired by Steven K. Hudson in the IPO?

A portion of Hudson’s position reflects a purchase in Pinnacle Acquisition Corp’s initial public offering, specifically 1,250,000 Class A Ordinary Shares acquired at $10.00 per share and held directly.

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^*

Hudson Steven Kenneth

(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	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

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		225,000(1)	A	$10	225,000	I(2)	By PAC Sponsor, LLC
Class A Ordinary Shares	08/10/2026	08/10/2026	P		1,250,000(3)	A	$10	1,275,000	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. Represents shares underlying the private placement units (each unit consisting of one Class A ordinary share one right to receive one-eighth (1/8) of one Class A ordinary share upon consummation of the Issuer's initial business combination) directly held by PAC Sponsor, LLC (the "Sponsor"), and which were acquired pursuant to a Private Placement Units Purchase Agreement by and between the Sponsor and Pinnacle Acquisition Corporation (the "Issuer"). Does not include previously reported ownership of 5,750,000 Class B ordinary shares, which shares will automatically convert into Class A ordinary shares at the time of the Issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to adjustment as described under the heading "Description of Securities--Founder Shares" in the Issuer's registration statement on Form S-1 (File No. 333-297618).

2. Represents shares held by the Sponsor. Steven K. Hudson and AVR Capital Holdings, LLC, an affiliate of Andrew Rechtschaffen, are the co-managing members of the Sponsor and control the management of the Sponsor, including the exercise of voting and investment discretion over the securities held by the Sponsor. Mr. Hudson and AVR Capital Holdings, LLC disclaim any beneficial ownership of the reported shares other than to the extent of any pecuniary interest they may have therein, directly or indirectly.

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

	/s/ Steven K. Hudson	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)