PALOMA CAPITAL GROUP LLC 4

4 · PALOMA ACQUISITION CORP I · Filed Apr 7, 2026

AI-generated summary of this filing

Updated Apr 7, 2026

Paloma Acquisition (PALO) Sponsor Forfeits 200,000 Class B Shares

What Happened

Paloma Capital Group LLC, the sponsor and a 10% owner of Paloma Acquisition Corp I (PALO), disposed of 200,000 Class B ordinary shares on 2026-04-04. The shares were forfeited to the issuer at $0 per share (total value $0) — reported as a derivative disposition (transaction code J).
This was a forfeiture related to the expiration of the remaining portion of the underwriters' over-allotment option, not a market sale or purchase.

Key Details

Transaction date: 2026-04-04; Form 4 filed: 2026-04-07.
Price: $0.00 per share; total reported value: $0.
Shares affected: 200,000 Class B ordinary shares forfeited to the issuer.
Shares owned after transaction: not specified in the filing.
Footnotes: (1) Class B shares convert one-for-one into Class A shares at the time of an initial business combination (or earlier at holder’s option). (2) The 200,000 Class B shares were forfeited at no cost due to expiration of the underwriters’ over-allotment option. (3) Sponsor is the record holder; Anna Maria Staples is the sponsor’s manager with voting and investment discretion and disclaims beneficial ownership except to the extent of any pecuniary interest.
Filing timeliness: filing shows report date and filing date; the form reports the 2026-04-04 transaction and was filed on 2026-04-07.

Context

This action is a routine sponsor forfeiture tied to SPAC underwriting mechanics (over-allotment option expiration) rather than an insider trading decision; it does not reflect a conventional purchase or sale signal by an executive.
Because the securities are Class B shares that convert into Class A shares upon a business combination, the forfeiture reduces the sponsor’s convertible stake but does not involve immediate open-market trading.

Form 4

Period: 2026-04-04

10% Owner

Transactions

Other
Class B ordinary shares
[F1][F2][F3]
2026-04-04−200,000→ 3,525,000 total
→ Class A ordinary shares (200,000 underlying)

Footnotes (3)

[F1]As described in the Issuer's registration statement on Form S-1 (File No. 333-293083) (the "Registration Statement") under the heading "Description of Securities", the Class B ordinary shares will automatically convert into Class A ordinary shares at the time of the Issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to certain adjustments described therein and have no expiration date.
[F2]200,000 Class B ordinary shares were forfeited to the Issuer by Paloma Capital Group LLC (the "Sponsor") at no cost, in connection with the expiration of the remaining portion of the underwriters' over-allotment option as described in the Registration Statement.
[F3]The Sponsor is the record holder of such securities. Anna Maria Staples is the manager of the Sponsor, and as such, has voting and investment discretion with respect to, and may be deemed to have beneficial ownership of, the securities held by the Sponsor. Ms. Staples disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.

Signature

/s/ Spencer Cercone, Attorney-in-Fact|2026-04-07

1 file