Plum Acquisition (PLMK) Director Allan Chou Converts 25,000 Shares

What Happened
Allan Chou, a director of Plum Acquisition Corp. IV (PLMK), elected on July 9, 2026 to convert 25,000 Class B ordinary shares (derivative securities) into 25,000 Class A ordinary shares. The Form 4 shows a conversion acquisition of 25,000 Class A shares and a corresponding disposition of 25,000 Class B shares with $0.00 proceeds — this was a reclassification/election, not a cash sale or purchase.

Key Details

• Transaction date: July 9, 2026. Form 4 filed: August 20, 2026 (filing appears late relative to the typical two-business-day reporting requirement).
• Conversion specifics: 25,000 Class B → 25,000 Class A; disposition recorded at $0.00 (no cash exchanged).
• Shares owned after transaction: not specified in the provided filing summary.
• Relevant footnotes: F1 explains Class B shares convert into Class A shares (generally at ≥1:1) and have no expiration; F2 notes the conversion was made pursuant to the reporting person’s election.
• Nature of transaction: derivative conversion (not a market sale or buy); no proceeds, taxes, or withholding indicated.

Context
This was an internal reclassification of share class (conversion of Class B into Class A) commonly seen with SPAC-related securities and does not, by itself, indicate a purchase (bullish) or sale (cash-out) intent. Because the filing was made more than a month after the transaction date, investors should note the late reporting but remain aware that conversions like this typically change the form of ownership rather than the economic exposure.