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

What happened

• Arrington XRP Capital Fund, LP, a 10% owner, reported dispositions on Oct 9, 2026 totaling 8,480,000 shares of Armada Acquisition Corp. II. Entries show two dispositions to the issuer (D) for 230,694 and 169,306 shares and four derivative dispositions (J) for 4,544,672; 115,347; 3,335,328; and 84,653 shares. Prices and total dollar values are listed as N/A.
• Footnotes state that, immediately prior to the business combination effective time, the reporting person forfeited 230,694 Class A ordinary shares, 4,544,672 Class B ordinary shares and 115,347 warrants for cancellation for no consideration under the Sponsor Support Agreement, based on an adjustment factor. On Oct 9, 2026, in connection with the closing of the business combination, outstanding Class A and Class B ordinary shares and warrants converted into Pubco securities; as a result the reporting person no longer beneficially owns any securities of the issuer.

Key details

• Transaction date: Oct 9, 2026. Filing date: Oct 13, 2026 (within the Form 4 two-business-day deadline).
• Reported entries and amounts: D — 230,694; D — 169,306; J — 4,544,672 (derivative); J — 115,347 (derivative); J — 3,335,328 (derivative); J — 84,653 (derivative). Total disposed: 8,480,000 shares. All prices listed as N/A.
• Shares owned after the transactions: 0 shares of the issuer, per the filing.
• Relevant footnotes: forfeiture of specified Class A, Class B and warrant holdings for no consideration under the Sponsor Support Agreement; conversion of issuer securities into Pubco common stock and Pubco warrants in connection with the business combination.

Why it may matter

• Several reported entries are derivative dispositions tied to the business combination (conversions and forfeitures), not ordinary open-market sales.
• The reporting person is a 10% owner (a large holder), not an officer or director listed as an executive on the filing.
• A filing does not show why the insider traded or why the company acted.