WEST ENCLAVE SPONSOR LLC 4

What Happened
West Enclave Sponsor LLC, the sponsor and a reported 10% owner of West Enclave Merger Corp. (WENC), purchased 22,500 ordinary shares on May 6, 2026 in a private placement tied to the underwriters’ exercise of the over‑allotment option. The sponsor paid $10.00 per unit (each unit = 1 ordinary share + 1 right to receive one‑tenth of a share upon completion of an initial business combination), for an aggregate purchase price of $225,000. The Form 4 reports the 22,500 ordinary shares included in those private units (transaction code: P — purchase).

Key Details

• Transaction date: May 6, 2026 (over‑allotment exercised May 4; closed May 6).
• Price: $10.00 per unit; total cash paid $225,000.
• Shares reported acquired: 22,500 ordinary shares (included in 22,500 private units).
• Shares owned after transaction: not specified in the provided filing.
• Footnotes: (F1) Purchase was simultaneous with the over‑allotment closing; each unit includes a right to 0.1 share upon a business combination. (F2) Securities are held directly by the Sponsor and indirectly by Emilio Mahuad and Adrian Otero, who control the Sponsor; both disclaim beneficial ownership except to the extent of pecuniary interest.
• Filing timeliness: Reported with period of report 2026-05-06; no late‑filing flag indicated.

Context
This was an entity (sponsor) private placement purchase, not an individual executive selling or buying on the open market. The units include contingent rights that may convert into fractional shares upon a future business combination; the Form 4 specifically reports only the ordinary shares portion of the units. For retail investors, purchases by sponsors signal a direct cash investment in the SPAC structure, but the filing does not provide post‑transaction total holdings or the sponsors’ broader intentions.