Babayigit Husnu Akin 4

What Happened Husnu Akin Babayigit, CEO of Daedalus Special Acquisition Corp., reported a disposition to the issuer on 2026-01-23 of 291,667 Class B ordinary shares. The filing shows these shares were forfeited back to the issuer (transaction code D) in connection with the partial exercise of the underwriters' over-allotment option; no sale price or cash proceeds are reported.

Key Details

• Transaction date: 2026-01-23. Form filed: 2026-01-27 (filed on time).
• Security: Class B ordinary shares (convertible into Class A on a 1-for-1 basis upon or immediately after the company’s initial business combination; no expiration). (Footnote F1)
• Amount disposed: 291,667 Class B ordinary shares. Price: N/A — disposition to issuer (forfeiture), not an open-market sale.
• Reason/footnote: Shares were owned by Daedalus Special Acquisition LLC (the sponsor) and were forfeited in connection with BTIG, LLC’s partial exercise of the over‑allotment option. Husnu Akin is a manager of the sponsor and has shared voting and dispositive power; he disclaims beneficial ownership other than any pecuniary interest. (Footnote F2)
• Shares owned after transaction: Not specified in the Form 4.

Context This was not a market sale by the CEO for cash; it was a forfeiture/return of sponsor-held Class B shares tied to underwriting mechanics. Class B shares will convert to Class A upon the company’s business combination, so the forfeited units relate to the pre-combination capital structure rather than an executive selling stock in the open market. The filing appears timely.