ZEIDMAN FRED S 4

What Happened

• Fred S. Zeidman, a director of Graf Global Corp. (GRAF), elected on June 18, 2026 to convert 30,000 Class B ordinary shares into 30,000 Class A ordinary shares on a one‑for‑one basis. The conversion was made for no consideration (no cash paid or received).

Key Details

• Transaction date: June 18, 2026.
• Transaction type: Conversion of derivative security (Class B → Class A) — reported as 30,000 acquired Class A shares and 30,000 disposed Class B shares; price shown as $0.00 / N/A.
• Shares owned after transaction: Not identified in the provided Form 4 excerpt.
• Footnotes: (F1) Conversion was at the reporting person's election for no consideration. (F2) Class B shares convert one‑for‑one into Class A at the holder’s election or automatically upon closing of the issuer’s initial business combination, subject to anti‑dilution adjustments; Class B shares have no expiration date.
• Filing timeliness: No late filing was indicated in the provided information.

Context

• This was a conversion of share class, not a market purchase or sale — it reorganizes the form of ownership rather than reflecting a buy/sell decision. Conversions of convertible share classes often occur for administrative or structural reasons (e.g., to simplify holdings or prepare for corporate events) and do not by themselves indicate insider sentiment about the stock’s near‑term prospects.