PALOMA CAPITAL GROUP LLC 4

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.