Sidhu Someit 4

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.