Talon Capital (TLNCU) CEO Charles Leykum Transfers 20,000 Founder Shares

What Happened

• Charles S. Leykum, Talon Capital’s Chairman and CEO (reported as a 10% owner), is associated with a disposition of 20,000 Class B "founder" ordinary shares on September 11, 2026. The Form 4 reports the transaction as an other disposition (code J) with a reported price of $0.00 and an indicated value of $60 (derivative).
• A filing footnote clarifies the Sponsor transferred these 20,000 founder shares to another individual (Ms. Ivashina) at a purchase price of approximately $0.003 per share (total ≈ $60). These Class B shares are founder shares that automatically convert one-for-one into Class A ordinary shares upon the issuer’s initial business combination.

Key Details

• Transaction date: 2026-09-11; Form 4 filed: 2026-09-15 (within the two-business-day filing window).
• Reported transaction code: J (other acquisition/disposition); reported price on Form 4: $0.00; footnote price: ≈ $0.003/share; total ≈ $60.
• Shares transferred: 20,000 Class B founder shares (derivative interest that converts to Class A at business combination).
• Shares owned after transaction: not specified in the Form 4; the Sponsor continues to hold founder shares and Mr. Leykum is the sole managing member of the Sponsor’s managing member (see footnote).
• Footnotes: F1 explains automatic 1:1 conversion of Class B to Class A at business combination; F2 notes the Sponsor’s transfer to Ms. Ivashina at ~$0.003/share; F3 explains Mr. Leykum’s relationship to the Sponsor and that he disclaims beneficial ownership except for any pecuniary interest.

Context

• These were founder (Class B) shares held by the Sponsor; such transfers are often organizational or sponsor-related and do not necessarily indicate management trading sentiment. Founder shares convert into public (Class A) shares on a business combination, so the economic exposure differs from open-market trades.
• As a 10% owner tied to the Sponsor, Mr. Leykum may be deemed to beneficially own Sponsor-held shares for reporting purposes but explicitly disclaims beneficial ownership except to the extent of pecuniary interest.