[8-K] Wen Acquisition Corp Unit Reports Material Event

Rhea-AI Filing Summary

SEC Form 4 snapshot – Aon plc (AON)

Chief Financial Officer Edmund Reese reported RSU-related share activity dated 07/01/2025:

• 3,975 Class A ordinary shares were issued upon vesting of a 2024 restricted share unit (RSU) award (transaction code M).
• 2,198.114 shares were simultaneously withheld by the company to satisfy tax obligations at an average price of $356.93 (transaction code F).
• Post-transaction, Reese directly owns 1,776.886 shares and retains 7,950 unvested RSUs that will vest in equal thirds through 07/01/2027.

No open-market purchases or discretionary sales occurred; the filing represents a routine administrative conversion under the Aon plc 2011 Incentive Compensation Plan. Because the net share change is modest and entirely compensation-driven, the event is viewed as neutral from a market-impact perspective and does not alter Aon’s financial outlook or capital structure.

Positive

• 3,975 shares added to CFO’s holdings align management incentives with shareholders.

Negative

• 2,198 shares were withheld/disposed to cover taxes, reducing the net increase in ownership.

Insights

Portfolio Manager

TL;DR – Routine RSU vesting; CFO nets 1,777 shares, no open-market action, neutral signal for AON insider sentiment.

The filing shows standard executive compensation mechanics rather than an elective transaction. Reese converted 3,975 RSUs, surrendered 2,198 shares for taxes, and increased his direct ownership to roughly 1.8k shares while holding 7,950 RSUs that continue to vest. There is no evidence of either confidence-driven buying or concern-driven selling. Given Aon’s ~200 m share count, the net share movement is immaterial <0.001%. I view the disclosure as not impactful for valuation models or trading strategy.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): July 2, 2025

Wen Acquisition Corp

(Exact name of registrant as specified in its charter)

Cayman Islands		001-42654		N/A
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

180 Grand Avenue

Suite 1530
Oakland, CA 94612

(Address of principal executive offices, including zip code)

Registrant’s telephone number, including area code: (510) 692-9600

Not Applicable

(Former name or former address, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant		WENNU		The Nasdaq Stock Market LLC
Class A ordinary shares, par value $0.0001 per share		WENN		The Nasdaq Stock Market LLC
Redeemable warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 per share		WENNW		The Nasdaq Stock Market LLC

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01. Other Events.

Separate Trading of Class A Ordinary Shares and Warrants

On July 2, 2025, Wen Acquisition Corp (the “Company”) announced that, commencing on July 7, 2025, the holders of the units issued in its initial public offering (the “Units”), each Unit consisting of one Class A ordinary share of the Company, par value $0.0001 per share (the “Class A Ordinary Share”), and one-half of one warrant of the Company (the “Warrant”), with each whole Warrant entitling the holder thereof to purchase one Class A Ordinary Share for $11.50 per share, may elect to separately trade the Class A Ordinary Shares and the Warrants included in the Units. No fractional Warrants will be issued upon separation of the Units and only whole Warrants will trade. The Class A Ordinary Shares and the Warrants are expected to trade on the Nasdaq Global Market under the symbols “WENN” and “WENNW,” respectively. Holders of Units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order to separate the Units into Class A Ordinary Shares and Warrants.

Item 9.01. Financial Statements and Exhibits.

(d)  Exhibits

Exhibit No.		Description
99.1		Press Release dated July 2, 2025.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

1

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Wen Acquisition Corp
Date: July 3, 2025	By:	/s/ Julian Sevillano
		Name: Julian Sevillano
		Title: Chief Executive Officer

2

FAQ

What insider transaction did AON’s CFO Edmund Reese report on 07/01/2025?

He converted 3,975 RSUs into Class A shares, a routine vesting event under Aon’s incentive plan.

How many AON shares were disposed of in the filing?

2,198.114 shares were withheld by the issuer to pay payroll taxes.

How many AON shares and RSUs does the CFO now hold?

Post-transaction he owns 1,776.886 shares directly and 7,950 unvested RSUs.

Why is the Form 4 considered neutral for investors?

The activity is an automatic RSU settlement with no open-market buying or selling, so it carries minimal signal value.

When will the remaining RSUs awarded to Edmund Reese fully vest?

They vest in three equal annual tranches, concluding on 07/01/2027.