Plum Acquisition (PLMK) Director Aghamiri Converts 25,000 Shares

What Happened

• Director Aidin Aghamiri elected to convert 25,000 Class B ordinary shares into 25,000 Class A ordinary shares on July 9, 2026. The filing reports the conversion as an acquisition of 25,000 shares and a corresponding disposition of 25,000 derivative shares at $0.00, meaning no cash proceeds were exchanged. This is a structural conversion of share class rather than a market purchase or sale.

Key Details

• Transaction date: July 9, 2026. Filing date (Form 4): July 13, 2026 (appears to be 4 days after the transaction).
• Price: $0.00 reported for the disposition of the derivative (conversion), i.e., no sale proceeds.
• Shares owned after transaction: not specified in the filing.
• Footnotes: F1 explains Class B shares automatically convert into Class A shares at no less than a 1:1 ratio after the company’s initial business combination (or earlier at holder’s option). F2 states the reported Class B shares converted into Class A shares pursuant to the reporting person’s election.
• Timeliness: The Form 4 was filed four days after the transaction date, which appears later than the typical Form 4 deadline (generally within two business days); late filings can delay public disclosure but do not change the nature of the transaction.

Context

• Class B → Class A conversions are administrative/corporate-structure actions related to the SPAC’s share classes and do not represent an insider buying or selling stock on the open market. Such conversions generally do not signal a change in the insider’s economic position or market sentiment by themselves.
• For retail investors: this is a neutral, non-cash reclassification of shares.