WEST ENCLAVE SPONSOR LLC 4
4 · West Enclave Merger Corp. · Filed May 1, 2026
Research Summary
AI-generated summary of this filing
West Enclave (WENC U) Sponsor Sells 1.38M Shares
What Happened West Enclave Sponsor LLC (the Sponsor), a 10% owner of West Enclave Merger Corp. (WENC U), disposed of 1,380,000 founder ordinary shares on 2026-05-01 for an aggregate consideration of approximately $9,000 (≈ $0.0065 per founder share). On the same date the Sponsor also acquired 127,500 Private Units in a private placement at $10.00 per unit (total $1,275,000). Each Private Unit consists of one ordinary share and one right to receive one-tenth of an ordinary share upon completion of an initial business combination; the reported purchase reflects the 127,500 ordinary shares included in those units.
Key Details
- Transaction date: 2026-05-01 (both sale and purchase); Form 4 filed with accession 0001193125-26-200830 (timely).
- Sale: 1,380,000 founder ordinary shares transferred for aggregate consideration ≈ $9,000 (~$0.0065/share).
- Purchase: 127,500 Private Units at $10.00 per unit (aggregate $1,275,000); reported as 127,500 ordinary shares included in those units.
- Shares owned after transactions: Sponsor holds the 127,500 ordinary shares from the private units; the 1,380,000 founder shares were transferred away.
- Footnotes of note:
- F1: Private Units detail (one share + one 0.1 right); purchase was part of the IPO-related private placement.
- F2: Securities are held directly by the Sponsor; Emilio Mahuad and Adrian Otero control the Sponsor and disclaim beneficial ownership except to the extent of pecuniary interest.
- F3: The founder-share transfer included 200,000 founder shares to two independent director nominees or affiliated entities and was for nominal consideration.
Context This filing reflects transactions by a SPAC sponsor entity (institutional/affiliate activity), not a straightforward executive market trade. The sale of founder shares was for nominal consideration and the purchase was the Sponsor’s private-unit acquisition at the IPO price; these are common SPAC structuring moves and should be interpreted as entity-level transactions rather than individual insider buys/sells for personal investment.
Insider Transaction Report
- Purchase
Ordinary Shares
[F1][F2]2026-05-01+127,500→ 3,960,833 total - Sale
Ordinary Shares
[F3][F2]2026-05-01−1,380,000→ 2,580,833 total
Footnotes (3)
- [F1]Simultaneously with the consummation of the Issuer's initial public offering, West Enclave Sponsor LLC (the "Sponsor") acquired, at a price of $10.00 per unit, 127,500 units (the "Private Units") in a private placement for an aggregate purchase price of $1,275,000. Each Private Unit consists of one ordinary share and one right entitling the holder thereof to receive one-tenth of one ordinary share upon the completion of an initial business combination. The reported shares are the 127,500 ordinary shares included in such Private Units.
- [F2]The securities are held directly by the Sponsor and indirectly by Emilio Mahuad and Adrian Otero, who control the management of the Sponsor, including the exercise of voting and investment discretion with respect to the ordinary shares held of record by the Sponsor. Each of Mr. Mahuad and Mr. Otero disclaims any beneficial ownership of any shares held by the sponsor except to the extent of his pecuniary interest therein.
- [F3]The Sponsor transferred an aggregate of 1,380,000 ordinary shares of the Issuer (the "founder shares") to certain designees on the closing of the Issuer's initial public offering for an aggregate consideration of approximately $9,000, or approximately $0.0065 per founder share (including an aggregate of 200,000 founder shares to two of the Issuer's independent director nominees or affiliated entities).