Daedalus Special Acquisition LLC 4

What Happened

• Daedalus Special Acquisition LLC, the sponsor and a 10% owner of Daedalus Special Acquisition Corp. (DSAC), disposed of 291,667 Class B ordinary shares to the issuer on January 23, 2026. The transaction is reported as a disposition to the issuer (forfeiture) — no sale price or cash value is reported (N/A).
• Per the filing footnote, the sponsor originally purchased 8,625,000 Class B ordinary shares for $25,000; after forfeiting 291,667 shares it now holds 8,333,333 Class B shares (derivative).

Key Details

• Transaction date: 2026-01-23; Form 4 filed: 2026-01-27 (timely).
• Transaction type/code: Disposition to issuer (D) — forfeiture; Price: N/A; Shares involved: 291,667 Class B ordinary shares (derivative).
• Shares owned after transaction: 8,333,333 Class B ordinary shares (per footnote math).
• Footnotes: F1 — Class B shares convert one-for-one into Class A shares upon or immediately after an initial business combination and have no expiration. F2 — Sponsor purchased 8,625,000 Class B shares for $25,000; 291,667 were forfeited in connection with the partial exercise of the underwriters' over‑allotment option by BTIG, LLC.
• Filing timeliness: Report appears timely (filed the second business day after the transaction).

Context

• These are Class B “founder”/sponsor shares (derivative securities) that convert into Class A ordinary shares upon a business combination; they are not an open-market sale by an individual insider. Forfeitures like this are typically administrative or underwriting-related adjustments rather than direct indications of executive sentiment.