Emmis Acquisition (EMIS) Sponsor Transfers 11,667 Shares to Director Kenneth Greenberg

What Happened
Kenneth C. Greenberg, upon his appointment as a director of Emmis Acquisition Corp. (EMIS), received 11,667 Class B ordinary shares that were transferred by Emmis Capital Sponsor LLC (the Sponsor). The shares were transferred on Sep 25, 2026 for $0.00 (no cash consideration) and are subject to the same transfer restrictions as the Sponsor's other Class B shares. This was a corporate transfer tied to a director appointment, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-25; reported on Form 4 filed 2026-09-28. Form 4 was filed three days after the transfer (Form 4 is generally required within two business days).
• Transaction type/code: Other acquisition or disposition (J) — transfer/disposition for $0.00.
• Shares transferred: 11,667 Class B ordinary shares; transaction value reported as $0.
• Sponsor Class B holdings: Sponsor held 3,833,333 Class B shares before the transfer and 3,821,666 after the transfer (3,833,333 − 11,667 = 3,821,666).
• Other holdings: The Sponsor also beneficially owns 310,000 Class A ordinary shares and 310,000 rights to receive Class A shares upon the issuer's initial business combination.
• Footnotes: The transferred shares were given to Mr. Greenberg in connection with his director appointment, were transferred for no cash consideration, and remain subject to the Sponsor’s existing transfer restrictions. Peter Goldstein is the Sponsor’s managing member and may be deemed to have beneficial ownership of the Sponsor’s securities but disclaims such ownership except to the extent of his pecuniary interest.

Context

• This was a corporate transfer tied to a board appointment (not a market sale or purchase), so it should not be interpreted as routine insider buying/selling sentiment.
• As a 10% owner entity, the Sponsor’s filing documents institutional holdings and internal transfers rather than individual executive trading.