Tang Jerry 4

What Happened

• Jerry Tang, reported as a 10% owner, received 26,297,214 common shares of BlockchAIn Digital Infrastructure, Inc. (AIB) on March 16, 2026 through the conversion of a derivative security pursuant to the company’s business combination closing. The filing shows no per-share trade price (code C – conversion), but the filing’s footnote values the shares at $4.60 each based on the NYSE American closing price on the transaction date (total market value ≈ $120.97 million). Separately, an aggregate of 200 shares were forfeited to the issuer for no consideration (code D – disposition to issuer).
• This was an issuance/conversion tied to a business combination (not an open-market purchase or a voluntary sale). Tang holds voting and investment discretion over the shares through Tiger Cloud LLC and VCV Digital Solutions LLC but disclaims beneficial ownership except to the extent of any pecuniary interest.

Key Details

• Transaction date: March 16, 2026. Form 4 filed March 18, 2026 (within the standard reporting window).
• Transaction codes: C = Conversion (26,297,214 shares acquired by Tiger Cloud and VCV); D = Disposition to issuer (200 shares forfeited).
• Allocation: Tiger Cloud LLC received 15,100,970 shares; VCV Digital Solutions LLC received 11,196,244 shares (total 26,297,214).
• Valuation: Footnote states $4.60 per share (NYSE American last sale on closing date), implied value ≈ $120.97M.
• Beneficial ownership note: Jerry Tang reports voting/investment discretion over those entity-held shares and disclaims beneficial ownership except for any pecuniary interest.

Context

• The shares were issued as part of the closing of a business combination (per the Business Combination Agreement) and represent a conversion of membership interests of One Blockchain LLC into issuer common stock. Because the shares were issued to entities controlled by Tang (Tiger Cloud and VCV), this is an institutional/ownership-structure event rather than a direct personal purchase or sale that would signal trading sentiment.