AQR Arbitrage LLC 4
4 · IB Acquisition Corp. · Filed Mar 25, 2026
Research Summary
AI-generated summary of this filing
IB Acquisition (IBAC) 10% Owner AQR Capital Management Sells 335,000 Shares
What Happened
AQR Capital Management Holdings, LLC — reported as a 10% owner of IB Acquisition Corp. (IBAC) — sold a total of 335,000 shares on March 23, 2026 in multiple open-market/private-sale transactions at $10.80 per share, generating total proceeds of $3,618,000. These were outright sales (S), not purchases or option exercises, and thus represent disposition of held shares rather than an acquisition.
Key Details
- Transaction date: 2026-03-23; Price: $10.80 per share.
- Lots sold (examples): 138,005; 56,145; 40,144; 29,888; 26,410; 25,087; 10,377; 6,262; 1,623; 1,059 — aggregate 335,000 shares for $3,618,000.
- Shares owned after transaction: not specified in the provided filing details.
- Footnotes: AQR Capital Management, LLC is a wholly owned subsidiary of AQR Capital Management Holdings, LLC; AQR Arbitrage, LLC is deemed controlled by AQR Capital Management, LLC. These AQR entities act as investment manager/sub-advisor to several funds listed in the filing (see footnotes).
- Timeliness: Filing dated 2026-03-25 for a 2026-03-23 transaction—filed within the typical Form 4 reporting window (not indicated as late).
Context
This filing concerns a 10% institutional owner (AQR) and its affiliated management entities — institutional sales can reflect portfolio rebalancing or fund redemptions and are not the same as insider trades by company executives. The filing shows routine open-market dispositions; there is no indication of option exercises, awards, or gifts in this report.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-03-23$10.80/sh−138,005$1,490,454→ 143,785 total(indirect: AQR Global Alternative Investment Offshore Fund, L.P.) - Sale
Common Stock
[F1]2026-03-23$10.80/sh−56,145$606,366→ 58,496 total(indirect: AQR Diversified Arbitrage Fund) - Sale
Common Stock
[F1][F2]2026-03-23$10.80/sh−40,144$433,555→ 41,825 total(indirect: AQR Absolute Return Master Account, L.P.) - Sale
Common Stock
[F1][F2]2026-03-23$10.80/sh−29,888$322,790→ 31,140 total(indirect: AQR Apex MS Master Account, L.P.) - Sale
Common Stock
[F1][F2]2026-03-23$10.80/sh−26,410$285,228→ 27,515 total(indirect: AQR TA Global Alpha Fund, L.P.) - Sale
Common Stock
[F1][F2]2026-03-23$10.80/sh−25,087$270,940→ 26,138 total(indirect: AQR Corporate Arbitrage Master Account, L.P.) - Sale
Common Stock
[F1][F2]2026-03-23$10.80/sh−10,377$112,072→ 10,811 total(indirect: By LLC) - Sale
Common Stock
[F1]2026-03-23$10.80/sh−6,262$67,630→ 6,524 total(indirect: AQR UCITS Funds - AQR Apex UCITS Fund) - Sale
Common Stock
[F1]2026-03-23$10.80/sh−1,623$17,528→ 1,690 total(indirect: AQR UCITS Funds - AQR Corporate Arbitrage UCITS Fund) - Sale
Common Stock
[F1][F2]2026-03-23$10.80/sh−1,059$11,437→ 1,103 total(indirect: AQR Arbitrage MA Offshore Fund, L.P.)
Footnotes (2)
- [F1]AQR Capital Management, LLC is a wholly owned subsidiary of AQR Capital Management Holdings, LLC. AQR Arbitrage, LLC is deemed to be controlled by AQR Capital Management, LLC. AQR Capital Management, LLC and AQR Arbitrage, LLC act as investment manager to each of AQR Global Alternative Investment Offshore Fund, L.P., AQR Corporate Arbitrage Master Account, L.P., AQR TA Global Alpha Fund, L.P., AQR Absolute Return Master Account, L.P., AQR Apex MS Master Account, L.P., AQR TA Legacy Fund, LLC, AQR Arbitrage MA Offshore Fund, L.P. AQR Capital Management, LLC serves as the investment manager, and AQR Arbitrage, LLC as sub-advisor, to the AQR Diversified Arbitrage Fund, an open-end registered investment company, to AQR UCITS Funds - AQR Apex UCITS Fund, and to AQR UCITS Funds - AQR Corporate Arbitrage UCITS Fund.
- [F2]AQR Capital Management GP Ltd. is the general partner of AQR Global Alternative Investment Offshore Fund, L.P. AQR Corporate Arbitrage GP, LLC is the general partner of AQR Corporate Arbitrage Master Account, L.P. AQR Tax Advantaged GP II, LLC is the general partner of AQR TA Global Alpha Fund, L.P. AQR Principal Global Asset Allocation, LLC is the general partner of AQR Absolute Return Master Account, L.P. AQR Apex MS GP, LLC is the general partner of AQR Apex MS Master Account, L.P. AQR Capital Management II, LLC is the general partner of AQR TA Legacy Fund, LLC. CNH Principal Partners I, LLC is the general partner of AQR Arbitrage MA Offshore Fund, L.P.