Kulkarni Sandeep Chidambar 4

What Happened Dr. Sandeep Chidambar Kulkarni, reported as a 10% owner, is associated with the acquisition of 300,000 ordinary shares of Amanat Acquisition Corp. The shares were acquired on May 20, 2026 as a private placement (transaction code P). The filing does not disclose a per-share price or total dollar value for this purchase.

Key Details

• Transaction date: 2026-05-20 (Form 4 filed 2026-05-22).
• Transaction type/code: Private purchase (P); price: N/A; shares acquired: 300,000.
• Shares owned after transaction: Not specified in the filing.
• Footnotes:
  • F1: The 300,000 shares were purchased by Amanat Sponsor Holdings LLC pursuant to a Private Placement Shares Purchase Agreement dated May 20, 2026.
  • F2: Amanat Sponsor Holdings LLC is the record holder. Dr. Kulkarni is the sole managing member of the sponsor and has voting and investment discretion for the shares held by the sponsor; he disclaims beneficial ownership except to any pecuniary interest he may have.
• Filing timeliness: Filed two days after the transaction date (within the typical two-business-day Form 4 window), so not flagged as late.

Context This transaction reflects a sponsor-level private placement rather than an open-market buy by an individual. For retail investors, purchases can be seen as a positive signal, but here the shares are held of record by the sponsor entity; Dr. Kulkarni’s disclosure reflects managerial control of that sponsor rather than a straightforward personal purchase.