Fund exercises 3.7M SharonAI pre-funded warrants
Situational Awareness LP–associated fund exercised 3,700,000 pre-funded warrants for Class A Ordinary Common Stock of SharonAI Holdings at an exercise price of $0.0001 per share.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
Situational Awareness LP–associated fund exercised 3,700,000 pre-funded warrants for Class A Ordinary Common Stock of SharonAI Holdings at an exercise price of $0.0001 per share. Following the exercise, the fund indirectly holds 5,396,127 Class A shares and 2,674,823 pre-funded warrants. Warrant exercises are limited so the reporting persons do not exceed 19.99% of outstanding Class A shares until stockholders approve the issuable shares.
Insider Trade Summary
3,700,000 shares exercised/converted
Exercise
2 txns
Insider
Situational Awareness LP
Role
10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| In-the-Money Exercise | Pre-funded Warrants | 3,700,000 | $0.00 | $0.00 |
| In-the-Money Exercise | Class A Ordinary Common Stock | 3,700,000 | $0.0001 | $370.00 |
Holdings After Transaction:
Pre-funded Warrants — 2,674,823 contracts (Indirect, See Note);
Class A Ordinary Common Stock — 5,396,127 shares (Indirect, See Note)
Footnotes (2)
- F1. The reporting persons are Situational Awareness LP ("SALP"), SAF AI GP LP ("GP"), Situational Awareness LLC ("SALLC"), Situational Awareness Partners LP ("Fund"), Leopold Aschenbrenner and Carl Shulman. SALP and GP are the investment adviser and general partner, respectively, of Fund. SALLC is the general partner of SALP. Mr. Aschenbrenner is the managing partner and control person of SALP and GP and the manager of SALLC. Mr. Shulman is the co-portfolio manager of Fund. Fund holds these securities directly for the benefit of its investors. SALP, GP, SALLC, Mr. Aschenbrenner and Mr. Shulman may be deemed to indirectly beneficially own the securities due to their relationships with Fund. The reporting persons disclaim beneficial ownership of the securities except to the extent of their respective pecuniary interests therein.
- F2. The pre-funded warrants are exercisable at any time and have no expiration date. The reporting persons may not exercise any portion of the warrants to the extent that doing so would cause the reporting persons to own more than 19.99% of the Issuer's outstanding Class A Ordinary Common Stock. The 19.99% limitation will cease to apply following stockholder approval of the shares of Class A Ordinary Common Stock issuable upon exercise of the pre-funded warrants.
Key Figures
Warrants exercised: 3,700,000 warrants
Exercise price: $0.0001 per share
Shares held after: 5,396,127 shares
+2 more
5 metrics
Warrants exercised
3,700,000 warrants
Exercised into Class A shares on 2026-06-30
Exercise price
$0.0001 per share
Pre-funded warrant exercise price for Class A shares
Shares held after
5,396,127 shares
Indirect Class A Ordinary Common Stock holdings after exercise
Warrants remaining
2,674,823 warrants
Pre-funded warrants outstanding after the transaction
Ownership cap
19.99%
Maximum Class A ownership allowed before further warrant exercises
Key Terms
pre-funded warrants, beneficially own, pecuniary interests, outstanding Class A Ordinary Common Stock, +1 more
5 terms
pre-funded warrants financial
"The pre-funded warrants are exercisable at any time and have no expiration date."
Pre-funded warrants are financial instruments that give investors the right to purchase a company's stock at a set price, but with most or all of the purchase price paid upfront. They function like a coupon or gift card for stock, allowing investors to buy shares later at a fixed price, which can be beneficial if they want to avoid future price increases. This makes them important for investors seeking flexibility and certainty in their investment plans.
beneficially own financial
"may be deemed to indirectly beneficially own the securities due to their relationships with Fund."
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
pecuniary interests financial
"The reporting persons disclaim beneficial ownership of the securities except to the extent of their respective pecuniary interests therein."
outstanding Class A Ordinary Common Stock financial
"own more than 19.99% of the Issuer's outstanding Class A Ordinary Common Stock."
19.99% limitation financial
"The 19.99% limitation will cease to apply following stockholder approval"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Situational Awareness LP report for SHAZ?
Situational Awareness LP–related entities reported exercising 3,700,000 pre-funded warrants for Class A Ordinary Common Stock. The exercise converted derivative rights into shares at a minimal price, increasing indirect share ownership while reducing warrant holdings for the fund.
What happened to the pre-funded warrants in the SHAZ Form 4 filing?
The fund exercised 3,700,000 pre-funded warrants, leaving 2,674,823 pre-funded warrants outstanding. Each warrant was exercisable into one Class A share at an exercise price of $0.0001, allowing inexpensive conversion from derivative securities into common equity exposure.
What is the exercise price of the SharonAI pre-funded warrants?
The pre-funded warrants were exercisable at an exercise price of $0.0001 per share of Class A Ordinary Common Stock. This extremely low price makes the warrants economically similar to already-funded shares, with a tiny additional payment needed at exercise time.
Is there an ownership limit on warrant exercises for SharonAI (SHAZ)?
Yes. The reporting persons may not exercise pre-funded warrants to the extent it would cause them to own more than 19.99% of outstanding Class A Ordinary Common Stock. This 19.99% limitation ends after stockholder approval of the warrant-share issuance.
Who is considered to beneficially own the SHAZ securities in this filing?
Fund entities hold the securities directly for their investors, while Situational Awareness LP, SAF AI GP LP, Situational Awareness LLC, Leopold Aschenbrenner, and Carl Shulman may be deemed indirect beneficial owners. They disclaim beneficial ownership except for their respective pecuniary interests.
AI-generated analysis. How Rhea-AI works. Not financial advice.
