Oceanhawk (OHAC) Director Durnford Joseph Receives 50,000 Shares

What Happened
Durnford Joseph, a director of Oceanhawk Acquisition Corp. (OHAC), was granted 50,000 Class B ordinary (founder) shares via membership interests in Oceanhawk Acquisition I Sponsor, LLC. The filing reports an acquisition coded as "J" with an indicated price of $0.00 and consideration shown as $200. This was not an open‑market purchase or sale but an internal grant of founder shares through the sponsor entity.

Key Details

• Transaction date: 2026-08-17; Form 4 filed: 2026-08-18 (filed within the normal two‑business‑day window).
• Reported price: $0.00 per share; total consideration reported: $200 (see footnotes).
• Shares acquired: 50,000 Class B ordinary shares (founder shares) held indirectly via membership interests in the sponsor LLC.
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1 explains these are Class B founder shares held indirectly through Oceanhawk Acquisition I Sponsor, LLC and that the reporting person received membership interests at a nominal purchase price and does not control the sponsor or its voting/disposing rights. F2 explains code "J" was used because the grant was of sponsor membership interests and did not fit other transaction codes.

Context
Founder/shareholder grants through a sponsor or SPAC sponsor entity are internal allocations and differ from open‑market buys or sales. Such grants are typically structural (founder/shares-in-sponsor) and do not necessarily signal an executive buying stock on the market. The filing is informational and was submitted promptly.