Plum Acquisition (PLMK) Director Anjai Gandhi Converts 50,000 Shares

What Happened Anjai M. Gandhi, a director of Plum Acquisition Corp, IV (PLMK), elected to convert a total of 50,000 Class B ordinary shares into Class A ordinary shares on July 9, 2026. The Form 4 shows two conversion entries of 25,000 shares each: one recorded as an acquisition of Class A shares and the other recorded as disposition of the derivative interest at $0.00 consideration. No cash was paid or received in connection with the conversion.

Key Details

• Transaction date: July 9, 2026; Form 4 filed August 20, 2026 (appears filed late versus the 2-business-day standard).
• Reported transactions: conversion of 25,000 Class B → Class A (acquired) and conversion of 25,000 Class B (disposed) — total converted: 50,000 shares.
• Price/consideration: $0.00 recorded for the disposition leg; conversion is non-cash.
• Shares held via: Anjai M. Gandhi 2014 Revocable Trust (Reporting Person is trustee) (Footnote F2).
• Footnote F1: Class B shares convert into Class A shares at no less than a 1:1 ratio following the company’s initial business combination or earlier by holder election; Class B shares have no expiration.
• Footnote F3: Conversion was made pursuant to the Reporting Person’s election.
• Shares owned after the transaction: not specified in the filing.

Context This filing reports a conversion (derivative-to-equity) rather than a market purchase or sale — conversions typically do not indicate a buy/sell sentiment because no cash changes hands. The late filing (filed ~6 weeks after the July 9 transaction) is noted; late Form 4s are common but can draw SEC attention or result in inquiries depending on circumstances.