West Enclave Merger (WENC) director acquires 45,000 ordinary shares

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

West Enclave Merger Corp. director Jean Michel Enriquez Dahlhaus reported acquiring a total of 45,000 ordinary shares. This reflects 5,000 shares from private units bought at $10.00 per unit and 40,000 founder shares transferred by West Enclave Sponsor LLC at about $0.0065 per share.

Insider Trade Summary

1 transaction reported

Net Buy 1 txn

Insider ENRIQUEZ DAHLHAUS Jean Michel

Role null

Bought 45,000 shs ($0.00)

Type	Security	Shares	Price	Value
Purchase	Ordinary Shares	45,000	$0.00	--

Holdings After Transaction: Ordinary Shares — 45,000 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares acquired: 45,000 shares Private placement units: 5,000 units Unit purchase price: $10.00 per unit +4 more

7 metrics

Shares acquired 45,000 shares Total ordinary shares beneficially owned after transaction

Private placement units 5,000 units Units bought simultaneously with initial public offering

Unit purchase price $10.00 per unit Price paid for private units at IPO

Private unit cost $50,000 Aggregate purchase price for 5,000 private units

Founder shares transferred 40,000 shares Ordinary shares transferred from West Enclave Sponsor LLC

Founder share consideration $260.87 Aggregate consideration for 40,000 founder shares

Founder share price $0.0065 per share Approximate price per founder share transferred

Key Terms

initial public offering, private placement, Private Units, founder shares, +1 more

5 terms

initial public offering financial

"Simultaneously with the consummation of the Issuer's initial public offering, the reporting person acquired..."

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.

private placement financial

"5,000 units (the "Private Units") in a private placement for an aggregate purchase price..."

A private placement is a way for companies to raise money by selling securities directly to a small group of investors instead of through a public offering. This process is often quicker and less regulated, making it similar to offering a special, exclusive investment opportunity to select individuals or institutions. For investors, it can provide access to unique investment options that are not available on public markets.

Private Units financial

"5,000 units (the "Private Units") in a private placement for an aggregate purchase price..."

founder shares financial

"transferred an aggregate of 40,000 ordinary shares of the Issuer (the "founder shares") to the reporting person..."

Founder shares are the ownership stakes given to the people who start a company, often with extra voting power or protections compared with ordinary shares. For investors, they matter because founders’ control and incentives influence decisions about strategy, hiring, and whether the company sells or stays independent — like a family that keeps majority voting rights in a household decision. High founder ownership can mean stable leadership but also a risk that outside shareholders have less influence.

initial business combination financial

"one right entitling the holder thereof to receive one-tenth of one ordinary share upon the completion of an initial business combination."

An initial business combination is the deal in which a special-purpose acquisition company (SPAC) merges with or acquires an operating business to bring that business onto public markets. Think of the SPAC as an empty shell that raises money from investors, then uses that cash to buy a private company—this transaction turns the private company into a public one and often changes its ownership, valuation, and access to capital, so investors should watch for shifts in risk, future growth prospects, and shareholder rights.

Form 4 Insider Transactions: What Each Field Means →

05/01/2026 - 01:38 PM

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^*

ENRIQUEZ DAHLHAUS Jean Michel

(Last)

(First)

(Middle)

C/O WEST ENCLAVE MERGER CORP.

C. CALDERON DE LA BARCA 22

(Street)

CIUDAD DE MEXICO

MEXICO

11540

(City)

(State)

(Zip)

MEXICO

(Country)

2. Issuer Name and Ticker or Trading Symbol
West Enclave Merger Corp. [ WENC U ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Ordinary Shares	05/01/2026		P		45,000	A	⁽¹⁾	45,000	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Simultaneously with the consummation of the Issuer's initial public offering, the reporting person acquired, at a price of $10.00 per unit, 5,000 units (the "Private Units") in a private placement for an aggregate purchase price of $50,000. Each Private Unit consists of one ordinary share and one right entitling the holder thereof to receive one-tenth of one ordinary share upon the completion of an initial business combination. West Enclave Sponsor LLC (the "Sponsor") transferred an aggregate of 40,000 ordinary shares of the Issuer (the "founder shares") to the reporting person on the closing of the Issuer's initial public offering for an aggregate consideration of proximately $260.87, or approximately $0.0065 per founder share. The reported shares are the 5,000 ordinary shares included in the Private Units and 40,000 founder shares transferred to the reporting person from the Sponsor.

	/s/ Jason T. Simon, Attorney-in-Fact	05/01/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did WENC director Jean Michel Enriquez Dahlhaus report?

Jean Michel Enriquez Dahlhaus reported acquiring 45,000 ordinary shares of West Enclave Merger Corp. This total comes from 5,000 shares in private units and 40,000 founder shares transferred to him at a nominal per-share price.

How many West Enclave Merger (WENC) shares does the director hold after this Form 4?

After the reported transactions, the director beneficially owns 45,000 ordinary shares of West Enclave Merger Corp. These consist of 5,000 shares included in private placement units and 40,000 founder shares received from the sponsor entity.

At what price were the WENC private placement units acquired by the director?

The director acquired 5,000 private placement units at $10.00 per unit for West Enclave Merger Corp. Each unit includes one ordinary share and one right to receive one-tenth of an ordinary share after completion of an initial business combination.

What are the founder shares mentioned in the West Enclave Merger (WENC) Form 4?

Founder shares are 40,000 ordinary shares of West Enclave Merger Corp. transferred from West Enclave Sponsor LLC to the director. They were transferred for total consideration of approximately $260.87, or about $0.0065 per founder share.

What do the private units in West Enclave Merger Corp. include?

Each private unit includes one ordinary share and one right to receive one-tenth of an ordinary share. These rights become exercisable upon completion of an initial business combination by West Enclave Merger Corp., providing additional equity exposure to the holder.