PLUM PARTNERS IV, LLC 4
4 · Plum Acquisition Corp, IV · Filed Jul 13, 2026
Research Summary
AI-generated summary of this filing
PLMK 10% Owner Converts Derivative into 5.65M Class A Shares
What Happened
Plum Partners IV, LLC (the Sponsor and a >10% holder) elected to convert 5,649,999 Class B ordinary shares (derivative securities) into Class A ordinary shares on July 9, 2026. The Form 4 also reports an earlier transfer/disposition of 25,000 Class B shares on April 25, 2025 that were transferred for services (per footnote). Both the conversion and the transfer are reported with a $0.00 price — the conversion resulted in issuance of Class A shares rather than a cash sale.
Key Details
- Transaction dates and types:
- 2026-07-09 — Conversion of derivative security: 5,649,999 shares converted (reported as acquired via conversion) and simultaneously reported as disposed of as derivative holdings (reported $0.00). (See F4.)
- 2025-04-25 — Other acquisition/disposition: 25,000 Class B shares disposed/transferred for services to Aidin Aghamiri (reported $0.00). (See F3.)
- Filing info: Form 4 filed July 13, 2026; the 2025-04-25 transfer is reported well after that date, which may indicate a delayed filing of that earlier transfer.
- Ownership context: Securities are held directly by Plum Partners IV, LLC (the Sponsor). Kanishka Roy, the issuer’s CEO and Chairman, is the Sponsor’s managing member and may be deemed a beneficial owner but disclaims beneficial ownership except for any pecuniary interest (F2).
- Footnotes of note:
- F1: Class B shares automatically convert into Class A shares at no less than a 1:1 ratio after the issuer’s business combination or earlier at holder option; Class B shares have no expiration.
- F3: 25,000 Class B shares were transferred to a director for services.
- F4: The large block was converted pursuant to the Sponsor’s election.
- Shares owned after transaction: not specified in the provided extract.
Context
- Conversion explanation: This was a conversion of founder/Class B shares into publicly tradeable Class A shares (no cash changed hands), not an open-market purchase or sale. Conversions are a structural change in share class rather than a bullish or bearish purchase/sale signal by itself.
- Transfers for services (25,000 shares) typically reflect compensation to a director and do not necessarily indicate trading sentiment.
- As this involves a >10% holder (an entity sponsor) rather than a routine executive open-market trade, treat it as institutional/structural activity tied to capitalization and corporate structure.
Insider Transaction Report
Form 4
PLUM PARTNERS IV, LLC
10% Owner
Transactions
- Conversion
Class A ordinary shares
[F1][F2]2026-07-09+5,649,999→ 6,659,999 total - Other
Class B ordinary shares
[F1][F3][F2]2025-04-25−25,000→ 5,650,000 total→ Class A ordinary shares (25,000 underlying) - Conversion
Class B ordinary shares
[F1][F4][F2]2026-07-09−5,649,999→ 1 total→ Class A ordinary shares (5,649,999 underlying)
Footnotes (4)
- [F1]Each Class B ordinary share, par value $0.0001, ("Class B Shares") will automatically convert into Class A ordinary shares, par value $0.0001, of the Issuer ("Class A Shares") at a ratio of no less than one-to-one following the consummation of the Issuer's initial business combination, or earlier at the option of the holder thereof, subject to adjustment as set forth in the Issuer's registration statement on Form S-1 (File No. 333-281144). The Class B Shares have no expiration date.
- [F2]The securities are held directly by Plum Partners IV, LLC (the "Sponsor"). Kanishka Roy, the Issuer's Chairman and Chief Executive Officer, is the managing member of the Sponsor, therefore, he may be deemed to have beneficial ownership of the securities held directly by the Sponsor. Mr. Roy disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
- [F3]Represents the Class B Shares transferred by the Sponsor to Aidin Aghamiri for services as a director.
- [F4]The reported Class B Shares converted into Class A Shares pursuant to an election by the Sponsor.
Signature
/s/ Tricia Branker, Attorney-in-Fact|2026-07-13