SIM Acquisition Corp. I (SIMA) records 120,000-share sponsor transfer

Rhea-AI Filing Summary

SIM Acquisition Corp. I reported an internal restructuring transaction involving its sponsor. SIM Sponsor 1 LLC, a ten percent owner, recorded an "other" transaction in which 120,000 Class B ordinary shares were assigned to the reporting persons for no consideration by two resigning directors. Following this transfer, the reporting persons together held 7,646,669 Class B ordinary shares. These Class B shares automatically convert into Class A ordinary shares at the time of the company’s initial business combination, or earlier at the holder’s option, on a one-for-one basis and have no expiration date.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider SIM Sponsor 1 LLC, Newman Eric

Role 10% Owner | 10% Owner

Type	Security	Shares	Price	Value
Other	Class B Ordinary Shares	120,000	$0.00	--

Holdings After Transaction: Class B Ordinary Shares — 7,646,669 shares (Direct)

Footnotes (1)

1. The Class B ordinary shares will automatically convert into Class A ordinary shares at the time of the Issuer's initial business combination, or at any time prior to the Issuer's initial business combination, at the option of the holder, on a one-for-one basis, subject to certain adjustments. The Class B ordinary shares have no expiration date. Pursuant to certain securities assignment agreements, the Class B ordinary shares were assigned by two resigning directors of the Issuer to the Reporting Persons for no consideration. Eric Newman is the manager of Conroy Partners LLC, the managing member of SIM Sponsor 1 LLC (the "Sponsor"), and holds voting and investment discretion with respect to the ordinary shares held of record by the Sponsor. As such, Mr. Newman may be deemed to have beneficial ownership of the securities held of record by the Sponsor. Mr. Newman disclaims any beneficial ownership of the securities held of record by the Sponsor except to the extent of his pecuniary interest therein.

Form 4 Insider Transactions: What Each Field Means →

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^*

SIM Sponsor 1 LLC

(Last) (First) (Middle)

725 FIFTH AVE, 22ND FLOOR

(Street)

NEW YORK NEW YORK 10022

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
SIM Acquisition Corp. I [ SIMA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/16/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	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

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
Class B Ordinary Shares	(1)	03/16/2026		J(2)		120,000		(1)	(1)	Class A Ordinary Shares	120,000	$0	7,646,669	D(2)(3)

1. Name and Address of Reporting Person^*

SIM Sponsor 1 LLC

(Last) (First) (Middle)

725 FIFTH AVE, 22ND FLOOR

(Street)

NEW YORK NEW YORK 10022

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

Newman Eric

(Last) (First) (Middle)

725 FIFTH AVE, 22ND FLOOR

(Street)

NEW YORK NEW YORK 10022

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

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

Explanation of Responses:

1. The Class B ordinary shares will automatically convert into Class A ordinary shares at the time of the Issuer's initial business combination, or at any time prior to the Issuer's initial business combination, at the option of the holder, on a one-for-one basis, subject to certain adjustments. The Class B ordinary shares have no expiration date.

2. Pursuant to certain securities assignment agreements, the Class B ordinary shares were assigned by two resigning directors of the Issuer to the Reporting Persons for no consideration.

3. Eric Newman is the manager of Conroy Partners LLC, the managing member of SIM Sponsor 1 LLC (the "Sponsor"), and holds voting and investment discretion with respect to the ordinary shares held of record by the Sponsor. As such, Mr. Newman may be deemed to have beneficial ownership of the securities held of record by the Sponsor. Mr. Newman disclaims any beneficial ownership of the securities held of record by the Sponsor except to the extent of his pecuniary interest therein.

	/s/ Eric Newman, Manager of Conroy Partners LLC, the Managing Member of SIM Sponsor 1 LLC	03/20/2026
	/s/ Eric Newman	03/20/2026
	** 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)

FAQ

What insider transaction did SIM Acquisition Corp. I (SIMA) report?

SIM Acquisition Corp. I reported an internal restructuring where 120,000 Class B ordinary shares were assigned to the reporting persons for no consideration. The transfer came from two resigning directors and was coded as an "other" transaction on the Form 4.

Who are the reporting persons in the SIMA Form 4 filing?

The reporting persons are SIM Sponsor 1 LLC and Eric Newman, each identified as a ten percent owner of SIM Acquisition Corp. I. The sponsor directly holds the shares, and Newman may be deemed to share beneficial ownership through his control of the sponsor entity.

How many SIM Acquisition Class B shares were transferred in this Form 4?

A total of 120,000 Class B ordinary shares of SIM Acquisition Corp. I were transferred to the reporting persons. The transfer was made by two resigning directors pursuant to securities assignment agreements and occurred for no cash consideration, reflecting an internal reallocation of ownership.

What is the total Class B ownership after this SIMA insider transaction?

After the transaction, the reporting persons together held 7,646,669 Class B ordinary shares. This figure reflects their position following the 120,000-share assignment and provides context for the scale of the restructuring relative to their overall sponsor stake.

How do SIM Acquisition Corp. I Class B shares convert into Class A shares?

SIM Acquisition Corp. I Class B ordinary shares automatically convert into Class A ordinary shares at the time of the company’s initial business combination. They may also convert earlier at the holder’s option, on a one-for-one basis, and the Class B shares have no expiration date.

Did the SIMA Form 4 reflect a market buy or sell of shares?

The SIMA Form 4 did not reflect a market buy or sell. The 120,000 Class B shares were assigned from two resigning directors to the reporting persons for no consideration, and the transaction was coded as an "other" restructuring event rather than an open-market trade.