Pono Capital Four (PONO) investor reports 743,610-share, 6.09% Class A stake

Rhea-AI Filing Summary

Pono Capital Four Inc reports that Decagon Asset Management LLP and Benjamin John Durham have jointly filed an amended Schedule 13G indicating beneficial ownership of 743,610 Class A ordinary shares of Pono Capital Four Inc, representing 6.09% of that class.

The filing states that both Decagon Asset Management LLP and Benjamin John Durham have shared power to vote these 743,610 shares, with no sole voting power and no sole or shared dispositive power over the shares.

Key Figures

Beneficial ownership: 743,610 shares Percent of class: 6.09% Shared voting power: 743,610 shares +2 more

5 metrics

Beneficial ownership 743,610 shares Class A ordinary shares beneficially owned by the reporting persons

Percent of class 6.09% Percentage of Pono Capital Four Inc Class A ordinary shares

Shared voting power 743,610 shares Shares over which the filers have shared power to vote

Sole voting power 0 shares Shares over which the filers have sole power to vote

Sole dispositive power 0 shares Shares over which the filers have sole power to dispose

Key Terms

Schedule 13G/A, beneficially owned, shared voting power, dispositive power, +2 more

6 terms

Schedule 13G/A regulatory

"have jointly filed an amended Schedule 13G/A indicating beneficial ownership"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

beneficially owned financial

"Ownership (a) | Amount beneficially owned: 743,610"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

shared voting power financial

"Shared Voting Power 743,610.00"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

dispositive power financial

"Sole Dispositive Power 0.00 8 | Shared Dispositive Power 0.00"

Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

investment adviser financial

"11 6.09 % 12 IA,"

An investment adviser is a person or firm that professionally manages money and gives recommendations about buying, selling, or holding investments. Like a financial coach or guide, they have a legal duty to act in a client's best financial interest, so their advice, fees and potential conflicts can directly affect returns and risk — making their role important for investors who want informed, accountable help with portfolios.

holding company financial

"11 6.09 % 12 HC,"

A holding company is an organization that owns enough shares of other businesses to control them but usually does not run their day-to-day operations. Think of it as an umbrella or parent that lets investors gain exposure to several companies through one vehicle; its value depends on the performance, risks, dividends and debts of the companies it holds, so it matters for assessing diversification, control and consolidated financial health.

FAQ

What percentage of PONO does Decagon Asset Management LLP report owning?

Decagon Asset Management LLP and Benjamin John Durham report beneficial ownership of 6.09% of Pono Capital Four Inc’s Class A ordinary shares, corresponding to 743,610 shares as disclosed in the Schedule 13G/A amendment.

How many PONO Class A shares are beneficially owned according to this Schedule 13G/A?

The amended Schedule 13G/A reports beneficial ownership of 743,610 Class A ordinary shares of Pono Capital Four Inc, which the filers state represents 6.09% of the outstanding Class A ordinary shares.

Who are the reporting persons in the PONO Schedule 13G/A amendment?

The reporting persons are Decagon Asset Management LLP and Benjamin John Durham. Both list citizenship as UNITED and share beneficial ownership and voting power over 743,610 Pono Capital Four Inc Class A ordinary shares.

What voting power do the filers report over PONO shares?

The filers state they have shared voting power over 743,610 shares of Pono Capital Four Inc and no sole voting power. They also report no sole or shared dispositive power over any shares.

What class of PONO securities is covered by this Schedule 13G/A?

The filing covers Class A ordinary shares of Pono Capital Four Inc with a par value of $0.0001 per share and CUSIP G71702107, as specified in the ownership disclosure.

What type of entities are Decagon Asset Management LLP and Benjamin John Durham in this PONO filing?

Decagon Asset Management LLP is identified with the classification IA (investment adviser), and Benjamin John Durham is identified with HC (holding company) in connection with the reported Pono Capital Four Inc share ownership.

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

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Available on EDGAR 08/13/2026 - 04:01 PM Accepted by SEC EDGAR 08/13/2026 - 04:01 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Pono Capital Four Inc

(Name of Issuer)

Class A ordinary shares, par value $0.0001 per share

(Title of Class of Securities)

G71702107

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): G71702107

1

Names of Reporting Persons

Decagon Asset Management LLP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED KINGDOM

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 743,610.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.09 %

12

Type of Reporting Person (See Instructions)

IA, PN

SCHEDULE 13G

CUSIP Number(s): G71702107

1

Names of Reporting Persons

Benjamin John Durham

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED KINGDOM

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 743,610.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.09 %

12

Type of Reporting Person (See Instructions)

HC, IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Pono Capital Four Inc
(b)	Address of issuer's principal executive offices: Suite 210, 2nd Floor Windward III, Regatta Office Park, PO Box 500, Grand Cayman, CAYMAN ISLANDS KY-1106
Item 2.
(a)	Name of person filing: Decagon Asset Management LLP Benjamin John Durham
(b)	Address or principal business office or, if none, residence: 5 SWALLOW PLACE LONDON, United Kingdom W1B 2AF
(c)	Citizenship: Decagon Asset Management LLP - UNITED KINGDOM Benjamin John Durham - UNITED KINGDOM
(d)	Title of class of securities: Class A ordinary shares, par value $0.0001 per share
(e)	CUSIP No.: G71702107
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 743,610
(b)	Percent of class: 6.09 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Decagon Asset Management LLP - 0 Benjamin John Durham - 0
	(ii) Shared power to vote or to direct the vote: Decagon Asset Management LLP - 743,610 Benjamin John Durham - 743,610
	(iii) Sole power to dispose or to direct the disposition of: Decagon Asset Management LLP - 0 Benjamin John Durham - 0
	(iv) Shared power to dispose or to direct the disposition of: Decagon Asset Management LLP - 0 Benjamin John Durham - 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Decagon Asset Management LLP

Signature:	Olivia Cooper
Name/Title:	COO
Date:	08/03/2026

Benjamin John Durham

Signature:	Benjamin Durham
Name/Title:	CIO
Date:	08/13/2026