Avalanche Treasury (AVAT) Director Robert Hadick Sells Shares

What Happened Robert M. Hadick, a director of Avalanche Treasury Corp (AVAT), is reported as disposing of a total of 947,396 shares of Class A common stock. On 2026-09-11, 815,000 shares were transferred as a gift (reported at $0.00). On 2026-09-14, 132,396 shares were sold back to the issuer under a Stock Repurchase Agreement at $0.98 per share for aggregate proceeds of $130,000. Gifts are not purchases and do not indicate bullish sentiment; the 9/14 transaction was a sale/repurchase with cash received.

Key Details

• Transaction dates and prices:
  • 2026-09-11: Gift (G) of 815,000 shares at $0.00 (no proceeds).
  • 2026-09-14: Disposition to issuer (D) of 132,396 shares at $0.98, total $130,000.
• Filing date / timeliness: Form 4 filed 2026-09-15; transactions reported within the standard Section 16 filing window (timely).
• Shares owned after transaction: Not specified in this filing.
• Footnotes of note:
  • F1: The 815,000 gifted shares were transferred from Astral Horizon, L.P. to unaffiliated entities and one individual for no consideration.
  • F2: Astral is managed by Astral Horizon GP, LLC, whose board includes Mr. Hadick; Mr. Hadick disclaims beneficial ownership of Astral’s securities except to the extent of any pecuniary interest.
  • F3: The 132,396-share disposition was pursuant to a Stock Repurchase Agreement between Astral and the issuer.

Context

• Gifts: Transfers reported as gifts (G) generally reflect a change in ownership but do not signal the director’s market view.
• Repurchase: The 9/14 sale was a disposition to the company under a repurchase agreement, not an open-market sale.
• Beneficial ownership note: Because the shares originated with Astral (an entity Mr. Hadick is affiliated with but for which he disclaims beneficial ownership per the filing), some transfers may reflect entity-level decisions rather than personal trading by Mr. Hadick.