JONE Director David J. Horin Receives 30,000 Class B Shares

What Happened
David J. Horin, a director of Jones Ventures INTL Acquisition1 Corp (ticker: JONE), was assigned 30,000 Class B ordinary shares on July 13, 2026. The Form 4 reports the shares as a derivative acquisition at $0.00 per share with a reported aggregate value of $90. According to the filing, the shares were assigned by the Sponsor in connection with Mr. Horin’s appointment to the company’s board.

Key Details

• Transaction date: 2026-07-13; Form 4 filed: 2026-07-17 (appears to be filed after the typical two-business-day window).
• Transaction type/code: Other acquisition (code J) — assignment of shares by the Sponsor.
• Amount: 30,000 Class B ordinary shares; price reported as $0.00 per share; aggregate reported value $90.
• Shares owned after transaction: Not specified in the filing.
• Footnotes:
  • F1 — Class B ordinary shares convert one-for-one into Class A ordinary shares at the issuer’s initial business combination, subject to anti-dilution adjustments and possible forfeiture tied to Mr. Horin’s board service.
  • F2 — The 30,000 Class B shares were assigned by Jones Ventures INTL Acquisition1 Sponsor, LLC pursuant to a securities purchase agreement dated July 13, 2026.

Context
Class B ordinary shares in SPAC structures are typically founder/sponsor shares that convert to public Class A shares upon a business combination and may have forfeiture conditions tied to continued service. This transaction is an assignment/grant from the Sponsor (not an open-market purchase or sale), so it represents an issuance/transfer related to board appointment rather than routine trading activity. The Form 4 timing suggests the filing came after the standard two-business-day window, which is noted for transparency but does not by itself indicate any change in insider intent.