Actinver tied to West Enclave (WENC) acquires 180K ordinary shares

Rhea-AI Filing Summary

West Enclave Merger Corp. reported that Actinver Inversiones Alternativas, S.A. DE C.V. acquired interests in a total of 180,000 ordinary shares associated with director Hector Madero Rivero. Actinver bought 20,000 private units at $10.00 per unit in a private placement, with each unit containing one ordinary share and a right to additional shares after a business combination.

In addition, West Enclave Sponsor LLC transferred 160,000 founder shares to Actinver for aggregate consideration of about $1,043.48. Actinver is the record holder of these shares. Mr. Madero, as Chairman of Actinver, controls its management but disclaims beneficial ownership except to the extent of his pecuniary interest.

Insider Trade Summary

Net Buyer: 180,000 shares

Net Buy 1 txn

Insider Madero Rivero Hector

Role Director

Bought 180,000 shs ($0.00)

Type	Security	Shares	Price	Value
Purchase	Ordinary Shares	180,000	$0.00	$0.00

Holdings After Transaction: Ordinary Shares — 180,000 shares (Indirect, See Footnote)

Footnotes (2)

1. F1. Simultaneously with the consummation of the Issuer's initial public offering, Actinver Inversiones Alternativas, S.A. DE C.V. ("Actinver") acquired, at a price of $10.00 per unit, 20,000 units (the "Private Units") in a private placement for an aggregate purchase price of $200,000. 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 160,000 ordinary shares of the Issuer (the "founder shares") to Actinver on the closing of the Issuer's initial public offering for an aggregate consideration of proximately $1,043.48, or approximately $0.0065 per founder share. The reported shares are the 20,000 ordinary shares included in the Private Units and 160,000 founder shares transferred to the reporting person from the Sponsor.
2. F2. Actinver is the record holder of the shares reported herein. Mr. Madero is the Chairman of the Board of Actinver and controls the management of Actinver. Mr. Madero disclaims any beneficial ownership of any shares held by Actinver except to the extent of his pecuniary interest therein.

Key Figures

Ordinary shares reported: 180,000 shares Private units purchased: 20,000 units Private unit purchase price: $10.00 per unit +3 more

6 metrics

Ordinary shares reported 180,000 shares Indirect holdings following reported transactions

Private units purchased 20,000 units $10.00 per unit in private placement at IPO

Private unit purchase price $10.00 per unit Paid by Actinver at IPO, total $200,000

Aggregate price for private units $200,000 Consideration for 20,000 private units

Founder shares transferred 160,000 shares Transferred by West Enclave Sponsor LLC to Actinver

Aggregate consideration for founder shares $1,043.48 Implied price about $0.0065 per founder share

Key Terms

Private Units, founder shares, initial public offering, pecuniary interest

4 terms

Private Units financial

"20,000 units (the "Private Units") in a private placement"

founder shares financial

"transferred an aggregate of 160,000 ordinary shares of the Issuer (the "founder shares")"

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 public offering financial

"Simultaneously with the consummation of the Issuer's initial public offering"

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.

pecuniary interest financial

"disclaims any beneficial ownership of any shares held by Actinver except to the extent of his pecuniary interest therein"

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 05/01/2026 - 01:42 PM Learn about SEC filing dates

FAQ

What insider transaction did West Enclave Merger Corp. (WENC) report?

West Enclave Merger Corp. reported an indirect purchase of 180,000 ordinary shares tied to director Hector Madero Rivero. The shares are held by Actinver, which acquired private units and received founder shares from the sponsor in related transactions.

How many West Enclave (WENC) shares are involved in this Form 4 filing?

The filing covers 180,000 ordinary shares. This includes 20,000 ordinary shares embedded in private units and 160,000 founder shares transferred from West Enclave Sponsor LLC to Actinver, the entity associated with the reporting person.

What price did Actinver pay in connection with the West Enclave (WENC) units?

Actinver purchased 20,000 private units at $10.00 per unit, for a total of $200,000. Each private unit includes one ordinary share and one right to receive one-tenth of an ordinary share after a business combination is completed.

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

The founder shares are 160,000 ordinary shares transferred by West Enclave Sponsor LLC to Actinver. The aggregate consideration was approximately $1,043.48, implying a very low per-share cost relative to the private units purchased.

Who actually holds the West Enclave (WENC) shares reported in Hector Madero’s Form 4?

The record holder is Actinver Inversiones Alternativas, S.A. DE C.V.. Hector Madero is Actinver’s Chairman and controls its management but disclaims beneficial ownership of Actinver’s shares except to the extent of his pecuniary interest in the entity.

What rights come with the private units related to West Enclave (WENC)?

Each private unit includes one ordinary share and one right. The right entitles the holder to receive one-tenth of one ordinary share upon completion of an initial business combination, adding a contingent share component to the initial unit purchase.

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^*

Madero Rivero Hector

(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)
			Code	V	Amount	(A) or (D)	Price
Ordinary Shares	05/01/2026		P		180,000	A	(1)	180,000	I	See Footnote(2)

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

Explanation of Responses:

1. Simultaneously with the consummation of the Issuer's initial public offering, Actinver Inversiones Alternativas, S.A. DE C.V. ("Actinver") acquired, at a price of $10.00 per unit, 20,000 units (the "Private Units") in a private placement for an aggregate purchase price of $200,000. 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 160,000 ordinary shares of the Issuer (the "founder shares") to Actinver on the closing of the Issuer's initial public offering for an aggregate consideration of proximately $1,043.48, or approximately $0.0065 per founder share. The reported shares are the 20,000 ordinary shares included in the Private Units and 160,000 founder shares transferred to the reporting person from the Sponsor.

2. Actinver is the record holder of the shares reported herein. Mr. Madero is the Chairman of the Board of Actinver and controls the management of Actinver. Mr. Madero disclaims any beneficial ownership of any shares held by Actinver except to the extent of his pecuniary interest therein.

	/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)