Sidhu Someit 4
4 · JATT II Acquisition Corp. · Filed Jun 30, 2026
Research Summary
AI-generated summary of this filing
JATT II CEO Sidhu Someit Forfeits 225,000 Shares
What Happened
Sidhu Someit (CEO) is reported as involved in a disposition in which 225,000 ordinary shares were forfeited to JATT II Acquisition Corp. at $0.00 (total value $0). The filing shows the shares were returned to the issuer by the Sponsor in connection with the expiration of the remaining portion of the underwriters' over‑allotment option.
Key Details
- Transaction date: 2026-06-06; Filing date (Form 4): 2026-06-30 (late filing).
- Transaction type/code: Other acquisition/disposition (Code J) — forfeiture to issuer.
- Shares involved: 225,000 ordinary shares; Price: $0.00; Total reported value: $0.
- Shares owned after transaction: Not specified in the Form 4; the Sponsor’s record holdings were reduced by 225,000 shares.
- Footnotes: (F1) Shares were forfeited by JATT Ventures II L.P. (the Sponsor) at no cost due to expiration of underwriters' over‑allotment option. (F2) The Sponsor is the record holder; Dr. Someit Sidhu is a limited partner of the Sponsor, has voting and investment discretion over the Sponsor’s shares, and disclaims beneficial ownership except to the extent of any pecuniary interest.
Context
This was a forfeiture tied to the IPO/SPAC underwriting mechanics, not an open‑market sale — it does not represent an insider selling shares for cash and should not be read as a direct signal of personal trading intent. Note the Form 4 was filed late (filed 24 days after the transaction), which is why retail investors may see a delayed disclosure.
Insider Transaction Report
- Other
Ordinary Shares
[F1][F2]2026-06-06−225,000→ 1,800,000 total(indirect: See Footnote)
Footnotes (2)
- [F1]225,000 Ordinary Shares were forfeited to the Issuer by JATT Ventures II L.P. (the "Sponsor") at no cost, in connection with the expiration of the remaining portion of the underwriters' over-allotment option as described in the Registration Statement.
- [F2]The Sponsor is the record holder of the securities reported herein. The Sponsor is the sole general partner of JATT Ventures II L.P., and Dr. Someit Sidhu is a limited partner of the Sponsor. Dr. Someit Sidhu is also the sole member of JATT Ventures II Ltd. Dr. Someit Sidhu has voting and investment discretion with respect to the ordinary shares held of record by the Sponsor. Dr. Someit Sidhu disclaims any beneficial ownership of the securities held by the Sponsor other than to the extent of any pecuniary interest he may have therein, directly or indirectly.