SUMA Management Corp 4

What Happened Naseem Saloojee, Chief Executive Officer and Chairman of SUMA Acquisition Corp (SUMA), is reported on a Form 4 as associated with the acquisition of 316,875 Class A ordinary shares at $10.00 per share, for a total of $3,168,750. The filing lists the transaction as a purchase (code P) dated March 12, 2026. This purchase is reported via sponsor-held private placement units rather than shown as a straightforward personal open‑market buy.

Key Details

• Transaction date: 2026-03-12; Form 4 filed: 2026-03-16. (Filing occurred four calendar days after the trade; confirm timeliness relative to the 2-business-day rule.)
• Price and amount: 316,875 shares at $10.00 each; total $3,168,750.
• Shares owned after transaction: Filing reports the 316,875 shares acquired; the Form 4 does not state an aggregated total of all shares beneficially owned by Mr. Saloojee.
• Footnote F1: The shares represent interests underlying private placement units held directly by SUMA Sponsor LP (141,922) and SUMA Canada II Sponsor LP (174,953) acquired under Private Placement Units Purchase Agreements. Does not include 5,750,000 Class B founder shares that convert upon a business combination.
• Footnote F2: Mr. Saloojee is director of SUMA Management Corporation (general partner of the Sponsors) and thus may be deemed to have voting/investment discretion over the sponsor-held securities; he disclaims beneficial ownership except to any pecuniary interest.
• Transaction code: P = Purchase (open market or private purchase).

Context This filing reflects sponsor-related purchases of private placement units tied to SUMA’s SPAC sponsor entities, not necessarily a direct personal cash purchase by the CEO. Purchases can be a bullish signal, but in SPAC structures sponsor transactions and founder-share mechanics often reflect deal and capital-raising arrangements rather than pure insider sentiment.