SIM Sponsor 1 LLC 4

What Happened

• SIM Sponsor 1 LLC, the company's sponsor and a 10% owner, filed a Form 4 reporting an "other acquisition or disposition" (transaction code J) dated January 28, 2026 showing 0 Class B ordinary shares acquired at $0.00 (derivative), total $0. No economic transfer of shares or cash occurred.
• The filing reflects a change in the sponsor’s management: Eric Newman is identified as the manager of Conroy Partners LLC and holds voting and investment discretion over the ordinary shares held of record by the Sponsor.

Key Details

• Transaction date: January 28, 2026; Form 4 filed Feb 19, 2026 (accession 0001213900-26-018523).
• Reported transaction: Other acquisition/disposition (code J) — 0 shares at $0.00 (derivative), $0 value.
• Shares owned after transaction: Not specified on this report.
• Footnotes of note:
  • Class B ordinary shares convert one-for-one into Class A ordinary shares upon the issuer’s initial business combination (no expiration).
  • On Jan 28, 2026, certain investors acquired the Sponsor and its managing member; this filing reflects the new manager (Eric Newman), who may be deemed to have beneficial ownership but disclaims such ownership except to the extent of his pecuniary interest.
• No indication this filing reports a market trade (no purchase/sale value); appears administrative rather than investment activity.

Context

• This is an institutional/ sponsor-related filing (10% owner), not a routine executive buy/sell. The reported "0 shares" derivative entry and accompanying footnotes show corporate/managerial changes rather than a trading signal. Retail investors should treat this as an administrative disclosure, not an insider buy or sell.