Avalanche Treasury (AVAT) Director Robert Hadick Sells 237,833 Shares

What Happened

• Robert M. Hadick, a director of Avalanche Treasury Corp (AVAT), is reported as having a disposition to the issuer of 237,833 shares of Class A common stock on 2026-08-25 at $0.55 per share, for proceeds of approximately $130,000.
• The filing indicates this disposition represents shares repurchased by the issuer to satisfy tax withholding in connection with the issuance of 2,000,000 post-closing shares to Astral Horizon, L.P. (see footnote F1). This is a repurchase for tax withholding rather than an open-market sale.

Key Details

• Transaction date: 2026-08-25; Filing date: 2026-08-27 (filed within the typical two-business-day Form 4 window).
• Price and amount: 237,833 shares at $0.55/share; total value ≈ $130,000.
• Shares owned after transaction: not specified in the Form 4.
• Transaction code: D (Disposition to issuer). Footnote F1: issuer repurchased shares to satisfy tax withholding related to issuance to Astral. Footnote F2: Astral is managed by Astral Horizon GP, LLC whose board includes Mr. Hadick; the filing states he disclaims beneficial ownership of Astral’s securities except for any pecuniary interest.
• No indication this was part of a 10b5-1 plan or a late filing.

Context

• Repurchases to cover tax withholding following an issuance are routine and do not necessarily reflect the director’s view of the company’s stock price. The filing ties the repurchase to shares issued to Astral Horizon, L.P., an entity managed by a GP of which Mr. Hadick is a manager; however, he disclaims beneficial ownership of Astral’s holdings except to the extent of any pecuniary interest.