Foresman Robert 4
4 · Centurion Acquisition Corp. · Filed Jun 15, 2026
Research Summary
AI-generated summary of this filing
Centurion Acquisition (ALF) Director Robert Foresman Converts 30,000 Shares
What Happened
Robert Foresman, a director of Centurion Acquisition Corp. (ALF), converted 30,000 Class B Ordinary Shares into 30,000 Class A Ordinary Shares on June 8, 2026. The conversion was one-for-one, for no additional consideration, so no cash was paid or received; the Form 4 records the derivative disposition at $0.00 and the acquisition of the Class A shares via conversion.
Key Details
- Transaction date: June 8, 2026. Filing date: June 15, 2026 (seven days later).
- Price/consideration: $0.00 — conversion of class B to class A shares (no cash proceeds).
- Shares converted/acquired: 30,000 Class B → 30,000 Class A.
- Shares owned after transaction: Not specified in the provided filing details.
- Footnote: Under the issuer’s Amended and Restated Memorandum and Articles, Class B Ordinary Shares are convertible into Class A Ordinary Shares at holders’ option on a one-for-one basis with no expiration and subject to anti-dilution adjustments (footnote F1).
- Timeliness: The Form 4 was filed seven days after the conversion, which is later than the typical two-business-day filing deadline for Form 4s.
Context
This was a non-cash reclassification (conversion of share class), not an open-market buy or sale; such conversions are generally administrative and don’t necessarily signal buying or selling intent. The conversion preserves economic exposure while changing the share class and is different from exercising options or selling shares into the market.
Insider Transaction Report
- Conversion
Class A Ordinary Shares
[F1]2026-06-08+30,000→ 30,000 total - Conversion
Class B Ordinary Shares
[F1]2026-06-08−30,000→ 0 total→ Class A Ordinary Shares (30,000 underlying)
Footnotes (1)
- [F1]Pursuant to the Issuer's Amended and Restated Memorandum and Articles of Association, the Class B Ordinary Shares are convertible into Class A Ordinary Shares at the option of the holders thereof at any time, and from time to time, on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights, for no additional consideration, and have no expiration date. On June 8, 2026, the Reporting Person elected to convert 30,000 Class B Ordinary Shares into 30,000 Class A Ordinary Shares.