AIB Data Centers (AIB) 10% Owner Tiger Cloud LLC Receives 80,777 Shares

What Happened
Tiger Cloud LLC, reported as a 10% owner of AIB Data Centers, acquired 80,777 shares of AIB common stock on August 31, 2026 through conversion of a derivative security (transaction code C). No per-share price was reported for the conversion; the filing notes a market value of approximately $92,086 based on the last reported sale price on the NYSE American on the date of issuance. This was a conversion/adjustment tied to the company’s prior business combination—not an open-market purchase or sale.

Key Details

• Transaction date: 2026-08-31 (reported on Form 4 filed 2026-09-02).
• Transaction type/code: Conversion of derivative security (C).
• Shares acquired: 80,777 common shares.
• Price: N/A for the conversion; market value ≈ $92,086 per filing footnote.
• Shares owned after transaction: Not disclosed in the Form 4 filing.
• Footnote: Shares were received as fractional share adjustments under the Business Combination Agreement dated May 27, 2025 (see F1).
• Filing timeliness: Reported within normal Form 4 timing (filed two days after the transaction date).

Context
This was an institutional conversion tied to the company’s business-combination mechanics and represents an adjustment payment rather than an independent buy/sell decision by an executive. Derivative conversion filings like this simply record issuance of shares in exchange for previously held derivative instruments. For retail investors, purchases can be informative about insider confidence, but this particular transaction reflects contractually required fractional-share adjustments, not a discretionary market trade.