Weinstein Kenneth 4

What Happened
Kenneth Weinstein, 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 completed for no consideration (no cash paid or received) and is reported as a derivative conversion rather than a purchase or sale.

Key Details

• Transaction date: 2026-06-18; Conversion of 30,000 Class B → 30,000 Class A (one-for-one).
• Reported price/value: conversion for no consideration (reported $0).
• Filing date: Form 4 filed 2026-06-22 — filing is timely.
• Shares owned after transaction: Not specified in the information provided in this summary (see Form 4 for holdings reported after the transaction).
• Relevant footnotes: F1 confirms Weinstein elected the conversion on 6/18/2026 for no consideration. F2 notes Class B shares are convertible one-for-one at the holder’s election and automatically upon the closing of the issuer’s initial business combination, subject to anti-dilution adjustments and no expiration date.

Context
A conversion of Class B to Class A shares is a structural change in share class (a derivative conversion), not an open-market buy or sale—so it does not directly signal a purchase or liquidation. The lack of cash exchanged means this is administrative/equity-structure activity rather than a market-priced trade. Retail investors should treat this as a routine insider conversion unless additional trades or disclosures indicate otherwise.