JATT Ventures II L.P. 4

What Happened
JATT Ventures II L.P. (the Sponsor and a 10% owner) forfeited 225,000 ordinary shares of JATT II Acquisition Corp. on 2026-06-06. The shares were returned to the issuer at $0.00 in connection with the expiration of the remaining portion of the underwriters' over‑allotment option; no cash changed hands.

Key Details

• Transaction date: 2026-06-06. Transaction reported on Form 4 filed 2026-06-30.
• Transaction type/code: Other disposition (J) — forfeiture to issuer.
• Shares forfeited: 225,000 ordinary shares; price per share: $0.00; total proceeds: $0.
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1 — forfeiture occurred due to expiration of the underwriters' over‑allotment option per the Registration Statement. F2 — Sponsor is record holder; JATT Ventures II L.P.'s Sponsor is the sole general partner; Dr. Someit Sidhu has voting/investment discretion for the Sponsor but disclaims beneficial ownership except for any pecuniary interest.
• Filing timeliness: Form 4 was filed 24 days after the transaction date, which appears late compared with the usual two-business‑day reporting expectation for insider reports.

Context
This was a technical forfeiture tied to the SPAC underwriting/over‑allotment process, not an open‑market sale by an executive. For retail investors, such forfeitures are administrative and do not necessarily signal the Sponsor's market view. As a 10% owner and Sponsor entity action, it should be interpreted differently than an individual insider's cash sale.