Armada Acquisition Corp. II: 10% owner Jack Michael Arrington sold 8,480,000 shares

What happened

• Jack Michael Arrington, a 10% owner, reported dispositions totaling 8,480,000 shares on Oct 9, 2026. The filing shows no per-share prices or total dollar values (reported as N/A).
• Transactions include direct forfeitures and derivative-related dispositions tied to the closing of the business combination between the issuer and Pubco.

Key details

• Transaction date: Oct 9, 2026; reported prices: N/A for all transactions.
• Breakdown reported in the filing: 230,694 shares and 169,306 shares disposed to the issuer (D); derivative-related dispositions (J) of 4,544,672 shares, 115,347 warrants, 3,335,328 shares and 84,653 shares.
• Footnote F1: Arrington XRP Capital Fund, LP forfeited 230,694 Class A ordinary shares, 4,544,672 Class B ordinary shares and 115,347 warrants for cancellation and for no consideration under the Sponsor Support Agreement.
• Footnote F3: On Oct 9, 2026, as part of the business combination closing, Issuer securities converted into Pubco securities (Class A and Class B ordinary shares converted into Pubco Class A common stock; warrants converted into Pubco warrants). As a result, the reporting person no longer beneficially owns any securities of the issuer.
• Footnote F2: Shares were held by Arrington XRP Capital Fund, LP, for which Arrington Capital Management, LLC is general partner; the reporting person is the managing member and disclaims beneficial ownership except for pecuniary interest.
• The filing date is Oct 13, 2026; the form does not state that it was filed late.

Why it may matter

• Several disposals were corporate actions tied to the business combination (forfeiture and automatic conversion), not ordinary open-market sales.
• The reporting person is a 10% owner, indicating a large holder rather than an executive officer.
• A filing does not show why the insider traded or why the company acted.