Situational Awareness LP 4
4 · SharonAI Holdings Inc. · Filed Jul 2, 2026
Research Summary
AI-generated summary of this filing
SharonAI (SHAZ) 10% Holder Exercises Warrants for 3.7M Shares
What Happened
Situational Awareness LP (reported as a 10% owner) exercised pre-funded warrants on 2026-06-30 to acquire 3,700,000 shares of SharonAI Holdings Inc. (SHAZ). The warrants were exercised at $0.00 per share (reported aggregate value $370). The filing also records the corresponding disposition of the derivative instrument (the warrants) as part of the exercise.
Key Details
- Transaction date: 2026-06-30; Form 4 filed 2026-07-02 (appears timely, within the typical 2-business-day window).
- Shares acquired: 3,700,000 common shares; exercise price reported $0.00; aggregate reported amount $370.
- Derivative disposed: 3,700,000 (the exercised pre-funded warrants).
- Shares owned after transaction: not specified in the Form 4.
- Footnotes: F1 explains the filing was made by SALP along with affiliated reporting persons (SAF AI GP LP, Situational Awareness LLC, the Fund, Leopold Aschenbrenner and Carl Shulman); these affiliates may be deemed to beneficially own securities only to the extent of pecuniary interests. F2 notes the pre-funded warrants have no expiration, are exercisable at any time, and contain a 19.99% ownership limitation unless shareholder approval removes it.
- Filing remark: SALP filed on behalf of the group; they jointly filed but disclaim being a group under Rule 13d-5(b).
Context
This was an exercise of pre-funded warrants (a conversion of a derivative into common stock), not an open-market cash purchase. Because the exercise price is $0.00, no cash payment was required at exercise; the transaction represents a change in the form of ownership (warrants → shares). As a 10% institutional holder and not an individual executive trade, this is institutional activity rather than insider executive buying/selling for personal liquidity.
Insider Transaction Report
- Exercise of In-Money
Class A Ordinary Common Stock
[F1]2026-06-30$0.00/sh+3,700,000$370→ 5,396,127 total(indirect: See Note) - Exercise of In-Money
Pre-funded Warrants
[F2][F1]2026-06-30−3,700,000→ 2,674,823 total(indirect: See Note)Exercise: $0.00→ Class A Ordinary Common Stock (3,700,000 underlying)
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 relationships 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. The reporting persons may not exercise any portion of the warrants to the extent that doing so would cause the reporting persons to own more than 19.99% of the Issuer's outstanding Class A Ordinary Common Stock. The 19.99% limitation will cease to apply following stockholder approval of the shares of Class A Ordinary Common Stock issuable upon exercise of the pre-funded warrants.