AIB Data Centers 10% Owner Jerry Tang Converts Derivative to 140,667 Shares

What Happened
Jerry Tang, reported as a 10% owner of AIB Data Centers Inc. (AIB), had a derivative security converted into 140,667 shares of the company's common stock on August 31, 2026 (transaction code C — conversion of derivative). The filing lists no per-share cash price (N/A) but a footnote states the shares had an aggregate market value of approximately $160,360 based on the last reported sale price on the NYSE American at issuance. The shares were issued as fractional-share adjustments: 80,777 to Tiger Cloud LLC and 59,890 to VCV Digital Solutions LLC.

Key Details

• Transaction date: 2026-08-31; Form 4 filed: 2026-09-02 (filed within the typical two-business-day Form 4 window).
• Transaction type/code: Conversion of derivative security (Code C). Per-share price: N/A. Aggregate reported market value ≈ $160,360.
• Shares received: 140,667 total (80,777 to Tiger Cloud LLC; 59,890 to VCV Digital Solutions LLC).
• Ownership after transaction: Not specified in the filing for Mr. Tang personally; the shares are held by the two LLCs.
• Footnote: Mr. Tang has voting and investment discretion over the LLC-held shares but disclaims beneficial ownership except to the extent of any direct or indirect pecuniary interest. The shares were issued under terms of the Business Combination Agreement (fractional share adjustments).

Context
This was a corporate conversion/adjustment tied to the business combination agreement (not an open-market purchase or sale). For retail investors: conversions of derivatives into common stock are administrative/corporate events rather than an executive buying or selling stock for personal trading reasons. As a reported 10% owner, Mr. Tang’s filing reflects holdings through controlled entities rather than a typical employee insider trade.