SharonAI insider exercises 2.7M warrants at $0.0001
A ten percent owner group exercised 2.67 million pre-funded warrants into Class A shares, ending that warrant position and bringing indirect holdings to about 8.07 million shares.
Rhea-AI Filing Summary
SharonAI Holdings Inc. (SHAZ) reported that Situational Awareness LP and related reporting persons, through Situational Awareness Partners LP, exercised 2,674,823 pre-funded warrants into 2,674,823 shares of Class A Ordinary Common Stock on September 15, 2026 at an exercise price of $0.0001 per share.
Following this in-the-money derivative exercise, the pre-funded warrant position reported for these securities was reduced to zero, and the reporting persons now indirectly hold 8,070,950 Class A shares for the benefit of Fund investors, with beneficial ownership disclaimed beyond their respective pecuniary interests. No Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,674,823 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 F2, F1 | 2,674,823 | $0.00 | $0.00 |
| In-the-Money Exercise | Class A Ordinary Common Stock F1 | 2,674,823 | $0.0001 | $267.48 |
Holdings After Transaction:
Pre-Funded Warrants — 0 contracts (Indirect, See Note);
Class A Ordinary Common Stock — 8,070,950 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 relationship 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.
Key Figures
Pre-funded warrants exercised: 2,674,823 warrants
Shares acquired upon exercise: 2,674,823 shares
Exercise price per share: $0.0001 per share
+2 more
5 metrics
Pre-funded warrants exercised
2,674,823 warrants
Exercised into Class A Ordinary Common Stock on September 15, 2026
Shares acquired upon exercise
2,674,823 shares
Class A Ordinary Common Stock received from warrant exercise
Exercise price per share
$0.0001 per share
Exercise of pre-funded warrants into Class A Ordinary Common Stock
Shares held after transaction
8,070,950 shares
Indirect Class A Ordinary Common Stock holdings after September 15, 2026 transactions
Pre-funded warrants remaining
0 warrants
Pre-funded warrants position following the reported exercise
Key Terms
Pre-Funded Warrants, indirectly beneficially own, pecuniary interests, ten percent owner, +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.
indirectly beneficially own regulatory
"may be deemed to indirectly beneficially own the securities due to their relationship"
pecuniary interests financial
"disclaim beneficial ownership of the securities except to the extent of their respective pecuniary interests"
ten percent owner regulatory
"Situational Awareness LP is indicated as a ten percent owner of the issuer"
Rule 13d-5(b) regulatory
"each expressly disclaims membership in a group within the meaning of Rule 13d-5(b)"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did SHAZ report for Situational Awareness LP?
Situational Awareness LP and related reporting persons reported exercising 2,674,823 pre-funded warrants into 2,674,823 Class A Ordinary Common shares of SharonAI Holdings Inc. on September 15, 2026, at an exercise price of $0.0001 per share.
What happened to the SHAZ pre-funded warrants held by the reporting persons?
The reporting persons exercised 2,674,823 pre-funded warrants into Class A Ordinary Common Stock, reducing the reported pre-funded warrant balance for these securities to zero. The warrants are described as exercisable at any time and having no expiration date.
Did the SHAZ insider transactions occur under a Rule 10b5-1 trading plan?
No. The Form 4 indicates that no Rule 10b5-1 trading plan is reported in connection with these transactions, and the document-level 10b5-1 checkbox is not marked as affirming a plan.
What is the exercise price of the SHAZ pre-funded warrants in this Form 4?
The pre-funded warrants were exercised at an exercise price of $0.0001 per share, leading to the acquisition of 2,674,823 shares of Class A Ordinary Common Stock on September 15, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
