C1 Fund (CFND) CEO Najamul Kidwai Disposes 27,310 Shares

What Happened

• Najamul Kidwai, CEO of C1 Fund Inc. (CFND), reported a non‑cash disposition of 27,310 shares on September 5, 2025. The transaction is coded as "J" (other acquisition or disposition) and shows $0 proceeds, indicating the shares were cancelled or otherwise extinguished rather than sold on the open market.
• This filing is an amendment (filed October 1, 2026) to correct the number of shares he beneficially owns indirectly through the issuer’s sponsor, C1 Group LLC, after dilution that occurred on the IPO date.

Key Details

• Transaction date: September 5, 2025; reported in amended Form 4 filed October 1, 2026 (amendment/late filing).
• Transaction: 27,310 shares disposed/cancelled; price reported $0.00 (no cash proceeds).
• Reason noted in footnotes: 100,000 shares held by C1 Group LLC were cancelled when underwriters did not exercise the over‑allotment option; Kidwai’s indirect ownership through C1 Group LLC was diluted on the IPO date (Aug 7, 2025) when certain investors’ interests vested.
• This amendment corrects prior filings that did not reflect the dilution; see the amended Form 4 for the updated post‑transaction beneficial ownership total.

Context

• Transaction code "J" and the $0 amount typically indicate a cancellation/reclassification or other non‑market disposition, not a sale that would generate proceeds or signal immediate trading intent.
• The amendment primarily updates reported beneficial ownership after IPO‑related dilution rather than revealing a conventional buy/sell decision by the insider.