Sternberg Ophir 4

What Happened
Sternberg Ophir, reported as a 10% owner, converted 3,000,000 Class B ordinary shares into 3,000,000 Class A ordinary shares of Lionheart Holdings (CUB) on June 18, 2026. The conversion was one-for-one and involved no cash consideration (reported price $0.00), so this is a reclassification of share type rather than a market purchase or sale.

Key Details

• Transaction date: June 18, 2026. Filing date: June 30, 2026 (appears to be filed after the typical two-business-day Form 4 deadline).
• Transaction type: Conversion of derivative security (Class B → Class A); reported as both an acquisition (3,000,000 shares) and a disposition of the derivative (3,000,000 shares) at $0.00.
• Price / value: $0.00 per share; total reported cash value $0.
• Shares owned after transaction: Not specified in the provided filing excerpt; beneficially held via Lionheart Sponsor LLC per footnote.
• Footnote: Lionheart Sponsor LLC (the Sponsor) directly holds the reported shares. Under the company’s governing documents, Class B ordinary shares convert one-for-one into Class A ordinary shares (no additional consideration). The Sponsor elected to convert 3,000,000 Class B shares on June 18, 2026.
• Insider status: Sternberg Ophir is a 10% owner (institutional/affiliate), not necessarily an executive — conversions by sponsors are typically administrative.

Context This was an administrative conversion of share class, not a buy or sell in the open market, and therefore does not itself signal a change in investment intent. For retail investors, purchases and open-market sales are generally more informative about insider sentiment than routine class conversions. The filing date (June 30) is later than the standard two-business-day reporting window for Form 4s, which may be noted by regulators or investors tracking timely disclosure.