Oceanhawk (OHAC) CEO Ernest Miller Receives 100,000 Founder Shares

What Happened

• Ernest Miller, CEO of Oceanhawk Acquisition Corp. (OHAC), was granted 100,000 Class B ordinary (founder) shares on 2026-08-17. The Form 4 reports the shares as acquired through membership interests in Oceanhawk Acquisition I Sponsor, LLC, at a nominal aggregate cost of $400 (report shows $0.00 per share but $400 total). The transaction is coded "J" to reflect a grant of membership interests rather than a standard purchase.

Key Details

• Transaction date: 2026-08-17; filing date: 2026-08-18 (filed next day).
• Shares acquired: 100,000 Class B ordinary shares (founder shares); reported price: $0.00 per share; aggregate amount reported: $400.
• Shares are held indirectly through membership interests in Oceanhawk Acquisition I Sponsor, LLC (see footnote).
• The filing notes the reporting person does not have the right to control the sponsor LLC or to vote or dispose of securities held by it (Footnote F1).
• Transaction coded "J" because it represents a grant of membership interests that doesn't fit other Form 4 codes (Footnote F2).
• Shares owned after the transaction are not specified in the Form 4.

Context

• This was an internal founder/sponsor grant, not an open-market purchase or sale. Such grants are common in SPAC structuring and reflect sponsor/founder ownership rather than ongoing insider market trading.
• Because the shares are held indirectly via the sponsor LLC and the filer disclaims control over that entity's securities, this filing should not be read as a direct change in control or a typical buy/sell insider signal.