WEST ENCLAVE SPONSOR LLC 4

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.