SharonAI (SHAZ) 10% Owner Exercises 2.67M Shares

What Happened Situational Awareness LP (SALP), a reported 10% owner of SharonAI Holdings Inc. (SHAZ), exercised an in‑the‑money derivative on Sept. 15, 2026, resulting in the acquisition of 2,674,823 common shares. The exercise was reported at an exercise price of $0.00 and a total reported value of $267. The filing shows the derivative instrument was disposed (converted) in connection with the same transaction; no open‑market sale of the acquired common shares is reported.

Key Details

• Transaction date: 2026-09-15; Form 4 filed: 2026-09-17 (filed within the usual two-business-day window).
• Instrument/Code: Exercise of derivative (X). Shares acquired: 2,674,823 at $0.00; reported cash value $267.
• Disposition line: 2,674,823 derivative units disposed @ $0.00 (reflects conversion/exercise of the derivative).
• Shares owned after transaction: Not specified in the Form 4 provided.
• Footnotes: F1 describes the group of reporting persons (SALP, SAF AI GP LP, Situational Awareness LLC, the Fund, and two individuals) and disclaims beneficial ownership except for pecuniary interests; F2 notes the pre‑funded warrants are exercisable at any time and have no expiration.
• Filing timeliness: Reported on 9/17 for a 9/15 transaction — appears timely under Form 4 rules.

Context This was an exercise/conversion of a derivative (likely pre‑funded warrants per footnote), not an open‑market purchase or sale. Because the reporting person is a 10% institutional owner and multiple affiliated entities/individuals are listed, this filing reflects institutional activity and structural relationships rather than a single executive’s personal trading decision.