Rosen Mickie 4

What Happened

• Mickie Rosen, 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, involved no cash consideration, and is reported as a derivative conversion (transaction code C). The filing shows the disposition of 30,000 Class B shares at $0.00 and the acquisition of 30,000 Class A shares with no purchase price.

Key Details

• Transaction date: June 8, 2026; reported on Form 4 filed June 15, 2026 (appears to be filed after the usual 2-business-day window).
• Transaction type/code: Conversion of derivative security (Code C).
• Shares converted: 30,000 Class B → 30,000 Class A.
• Reported price/consideration: No cash exchanged; disposal reported at $0.00.
• Shares owned after transaction: Not specified in the excerpt of the filing provided.
• Footnote: Per the issuer’s Amended and Restated Memorandum and Articles of Association, Class B shares are convertible into Class A on a one-for-one basis at the holder’s option, for no additional consideration and with no expiration; conversion may be subject to anti-dilution adjustments. The reporting person elected to convert 30,000 Class B shares.

Context

• This is a class-conversion (derivative) transaction rather than an open-market buy or sale. Conversions like this are common in SPAC/dual-class structures and typically change share class and voting rights rather than represent a market purchase or sale. Such conversions are generally neutral with respect to buy/sell signaling; they do not by themselves indicate the insider’s sentiment about the company’s public stock price.