Pasqal (PSQL) Director Aspect Alain Jean Receives 973,107 Shares

What Happened
Aspect Alain Jean, a director of Pasqal Holding SA (PSQL), was credited with 973,107 newly issued ordinary shares on August 27, 2026. The filing reports this as an acquisition/award (code A) tied to the consummation of Pasqal’s business combination; no per‑share price or cash value is reported (price = N/A).

Key Details

• Transaction date: 2026-08-27 (reported same day).
• Transaction type/code: A — grant, award or other acquisition (not an open‑market purchase or sale).
• Shares acquired: 973,107 newly issued ordinary shares. Price: N/A (conversion/acquisition, not a cash purchase).
• Shares owned after transaction: Not specified in the Form 4 filing.
• Notable footnotes:
  • Received pursuant to the closing of the issuer’s business combination under the Agreement and Plan of Merger dated Feb 28, 2026 (with Bleichroeder Acquisition Corp. II and related merger steps).
  • The shares reflect conversion of Legacy Pasqal ordinary shares held by the reporting person into new issuer shares at the exchange ratio of 22.7361449900136.
• Filing timeliness: Reported on the same date as the transaction (filed 2026-08-27).

Context
This was not a market buy or sale but an automatic conversion/award of legacy company shares into Pasqal Holding SA shares as part of the completed mergers (reincorporation and merger with the Bleichroeder surviving corporation). Such conversion transactions reflect corporate restructuring and do not by themselves indicate a director’s buy/sell sentiment.